In plain terms — Nuveen Real Estate Income Fund
Shares currently cost about 13.0% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 8.9% discount, so today's level is unusually wide for this fund (Z-score -2.5). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 10.5% a year of the share price (9.1% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.15 of assets — a ReinvestCapture™ rate of 12.0%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 6.7% over the past year including distributions (NAV total return).
Guided view hides the statistical panels. Switch to Expert view in the grey bar to see them. Nothing here is advice.
Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -9.81% | 1.25% | -2.35 | 62 |
| 6 months | -9.75% | 1.09% | -2.72 | 117 |
| 1 year | -8.85% | 1.55% | -2.49 | 223 |
| 3 years | -8.76% | — | — | — |
| 5 years | -7.97% | — | — | — |
Current contemporaneous premium/discount -12.73% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -12.73% to -4.89%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -10.72% | -15.86% | -6.53% | -10.61% | +2.54% | -8.66% |
| Market price total return | -8.55% | -13.81% | +0.13% | -2.12% | +11.69% | -0.44% |
| NAV return | -5.56% | -11.00% | +1.46% | -1.77% | +3.24% | -7.41% |
| NAV total return | -3.47% | -9.04% | +7.97% | +6.69% | +11.64% | +0.27% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Nuveen Real Estate Income Fund (JRS) is a closed-end investment vehicle, sponsored by Nuveen Investments Inc. and sub-advised by Security Capital Research & Management Incorporated. Its primary objective is to invest in publicly traded U.S. equities, with a specific focus on the real estate sector. The fund typically seeks out growth-oriented companies across the entire spectrum of market capitalizations. Established on November 15, 2001, the fund is domiciled in the United States.
CEF Explorer research page for Nuveen Real Estate Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.