NRO (NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND) Intrinsic Value: Projected FCF: $5.17 (As of Sep. 05, 2026)

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NRO NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC NRO
28 GF Score
Price $2.86
! 6 Warning Signs
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What is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Intrinsic Value: Projected FCF?

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND NRO -0.69% 28 Intrinsic Value: Projected FCF is $5.17 as of Sep. 05, 2026. GuruFocus rates NRO with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 1,216 Asset Management companies, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks better than 75.74% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-05), NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Intrinsic Value: Projected FCF is $5.17. The stock price of NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND is $2.86. Therefore, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND was 0.68. The lowest was 0.25. And the median was 0.45.

NRO's Price-to-Projected-FCF is not ranked *
in the Asset Management industry.
Industry Median: 0.9
* Ranked among companies with meaningful Price-to-Projected-FCF only.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND  (AMEX:NRO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=2.86/5.1733545093817
=0.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Intrinsic Value: Projected FCF Related Terms


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Intrinsic Value: Projected FCF Chart

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.30 10.15 10.00 9.11 5.17

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 9.11 0.00 5.17 0.00

NRO vs OPP, WHG, WIA: Intrinsic Value: Projected FCF Comparison

For the Asset Management subindustry, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Price-to-Projected-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Projected-FCF falls into.


NRO
28GF Score
NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC NRO
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Free Cash Flow(6 year avg) = $17.09.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Oct25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*17.089+206.376*0.8)/63.362
=5.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $5.17 mean?
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NRO) has a Intrinsic Value: Projected FCF of $5.17 as of Sep. 05, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND and its competitors. According to the industry distribution chart, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks #295 out of 1216 companies in the Asset Management industry, placing it in the top 24.3%.
Is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Intrinsic Value: Projected FCF too high?
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's current Intrinsic Value: Projected FCF is $5.17. The Asset Management industry median Intrinsic Value: Projected FCF is 0.90. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's value of $5.17 is 474.4% above this industry median. Based on the distribution chart, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks #295 out of 1216 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Intrinsic Value: Projected FCF compare to OPP and WHG?
According to the Asset Management industry distribution chart, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks #295 out of 1216 companies for Intrinsic Value: Projected FCF. This places NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND in the top 24% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.90. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's value of $5.17 is 474.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.90, based on 1,216 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's current Intrinsic Value: Projected FCF of $5.17 is 474.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's current Intrinsic Value: Projected FCF is $5.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND stock overvalued right now?
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NRO) has a current Intrinsic Value: Projected FCF of $5.17. The current Intrinsic Value: Projected FCF is $5.17 and 474.4% above the Asset Management industry median of 0.90. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's overall GF Score™ is 28/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NRO), the current Intrinsic Value: Projected FCF is $5.17 as of Sep. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Business Description

Address c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC is a closed-end management investment company that invests mainly in securities issued by real estate companies, including real estate investment trusts (REITs). Its primary objective is to gain high current income with capital appreciation being the second. Under normal market conditions, the Fund invests at least 90% of its total assets in income-producing common equity securities, preferred securities, convertible securities and non-convertible debt securities issued by real estate companies, including real estate investment trusts ("REITs").
28GF Score

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Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.86
Price