Third Avenue Real Estate Value Fund Institutional Class NMFQS:TAREX

Global Real Estate | Third Avenue

$25.02

↑ $0.00 (0.00%)

Last Updated: Feb 17, 2026

Fund Information

Fund Category Global Real Estate

Fund Family Third Avenue

Fund Style Large

ISIN US8841164010

CUSIP 884116401

Inception Date 1998-09-17

Domicile United States

Country USA

Fiscal Year End October

NAV Chart

Fund Metrics

Net Assets $358.99 Million

Share Class Net Assets $326.45 Million

Expense Ratio 1.15%

Expense Ratio Date 2025-03-01

Dividend Yield 0.01%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.89%

1-Year Return 7.50%

3-Year Return 13.14%

5-Year Return 8.49%

NAV $25.02

Previous Close Price $25.02

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.01%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Third Avenue Real Estate Value Fund Institutional Class

The fund seeks to achieve its objective primarily by investing in equity securities, including common stocks and convertible securities, of well-financed real estate and real estate-related companies, or in companies which own significant real estate assets or derive a significant portion of gross revenues or net profits from real estate-related companies at the time of investment. Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in securities of real estate and real estate-related companies.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 12608.55%

Giant 6.79%

Large 11.19%

Medium 40.92%

Micro 5.08%

Small 17.31%

Value & Growth Metrics

Book-Value Growth % 4.89%

Cash-Flow Growth % -5.26%

Dividend Yield % 2.08%

Historical Earnings % -3.45%

Long-Term Earnings % 6.69%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.05%	0.00%
Cash	4.74%	4.74%	0.00%	1.29%	0.00%
Non US Stock	32.56%	32.56%	0.00%	43.99%	42.81%
Not Classified	13.95%	13.95%	0.00%	0.18%	0.00%
Other	0.00%	0.00%	0.00%	0.76%	0.65%
US Stock	48.75%	48.75%	0.00%	54.58%	56.54%

Top Holdings

Name	Weight	Owned	Change
Brookfield Corp	6.68%	-	-
Lennar Corp	4.46%	-	-
CBRE Group Inc	6.00%	-	-
DR Horton Inc	5.65%	-	-
U-Haul Holding Co	4.71%	-	-
Prologis Inc	4.61%	-	-
Sun Communities Inc	3.95%	-	-
Jones Lang LaSalle Inc	4.02%	-	-
Savills PLC	3.79%	-	-
Berkeley Group Holdings PLC	3.76%	-	-
Federal Home Loan Mortgage Corp	6.92%	-	-
Five Point Holdings LLC	4.71%	-	-
Federal National Mortgage Association	6.95%	-	-
Dreyfus Treasury Securities Cash Management	5.27%	-	-
Big Yellow Group PLC	3.54%	-	-

See the full breakdown of TAREX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	80.24%	3.01%	0.00%
Bond Sector	Corporate	0.00%	17.00%	96.99%	0.00%
Bond Sector	Derivative	0.00%	0.00%	0.00%	0.00%
Bond Sector	Government	0.00%	0.20%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	2.56%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	22.84%	0.42%	0.00%	0.00%
Cyclical	Financial Services	10.67%	0.16%	0.00%	0.00%
Cyclical	Real Estate	58.37%	98.88%	0.00%	100.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.06%	0.00%	0.00%
Defensive	Utilities	0.00%	0.02%	0.00%	0.00%
Sensitive	Communication Services	0.00%	0.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.05%	0.00%	0.00%
Sensitive	Industrials	8.12%	0.13%	0.00%	0.00%
Sensitive	Technology	0.00%	0.25%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.56%	-	1.10%
Americas	North America	57.43%	68.32%	58.40%
Greater Asia	Asia Developed	6.79%	8.41%	6.02%
Greater Asia	Asia Emerging	1.12%	-	4.84%
Greater Asia	Australasia	8.33%	4.28%	4.98%
Greater Asia	Japan	10.47%	-	9.91%
Greater Europe	Africa/Middle East	1.15%	-	4.55%
Greater Europe	Europe Developed	9.54%	2.16%	8.08%
Greater Europe	Europe Emerging	0.18%	-	0.29%
Greater Europe	United Kingdom	4.42%	16.84%	1.84%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-11	$0.190	$0.190	USD	-	-	-	-
2023-12-13	$0.290	$0.290	USD	-	2023-12-12	2023-12-13	Annual
2022-12-14	$0.177	$0.177	USD	2022-12-14	2022-12-13	2022-12-14	Annual
2021-12-15	$0.161	$0.161	USD	2021-12-15	2021-12-14	2021-12-16	Annual
2020-12-10	$0.228	$0.228	USD	2020-12-10	2020-12-09	2020-12-11	Annual
2019-12-12	$0.333	$0.333	USD	2019-12-12	2019-12-11	2019-12-13	Annual
2018-12-19	$0.469	$0.469	USD	2018-12-19	2018-12-18	2018-12-19	Other
2017-12-20	$0.363	$0.363	USD	2017-12-20	2017-12-19	2017-12-20	Other
2016-12-14	$0.254	$0.254	USD	2016-12-14	2016-12-13	2016-12-14	Other
2015-12-08	$0.210	$0.210	USD	2015-12-08	2015-12-07	2015-12-08	Other
2014-12-09	$0.508	$0.508	USD	2014-12-09	2014-12-08	2014-12-09	Other
2013-12-18	$0.304	$0.304	USD	2013-12-18	2013-12-17	2013-12-18	Other
2012-12-18	$0.894	$0.894	USD	2012-12-18	2012-12-17	2012-12-18	Other
2010-12-21	$0.923	$0.923	USD	-	2010-12-20	2010-12-21	Annual
2009-12-22	$0.260	$0.260	USD	-	2009-12-21	2009-12-22	Annual
2008-12-23	$0.427	$0.427	USD	-	2008-12-22	2008-12-23	Annual
2007-12-19	$0.595	$0.595	USD	-	2007-12-18	2007-12-19	Other
2006-12-20	$0.893	$0.893	USD	-	2006-12-19	2006-12-20	Other
2005-12-22	$0.445	$0.445	USD	-	2005-12-21	2005-12-22	Other
2004-12-28	$0.181	$0.181	USD	-	2004-12-27	2004-12-28	Other
2003-12-18	$0.452	$0.452	USD	-	2003-12-17	2003-12-18	Other
2002-12-17	$0.177	$0.177	USD	-	2002-12-16	2002-12-17	Other
2001-12-18	$0.385	$0.385	USD	-	2001-12-17	2001-12-18	Other

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