Third Avenue Real Estate Value Fund Z Class (TARZX) Fund Details & Analysis

Fund Information

Fund Category Global Real Estate

Fund Family Third Avenue

Fund Style Large

ISIN US8841168318

CUSIP 884116831

Inception Date -

Domicile -

Country USA

Fiscal Year End -

NAV Chart

Fund Metrics

Net Assets $577.35 Million

Share Class Net Assets $-

Expense Ratio 1.05%

Expense Ratio Date -

Dividend Yield 0.01%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 1.55%

1-Year Return 10.96%

3-Year Return 14.16%

5-Year Return 8.58%

NAV $24.95

Previous Close Price $25.00

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 Z 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 TARZX 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	$0.213	$0.213	USD	-	-	-	-
2023-12-13	$0.321	$0.321	USD	-	2023-12-12	2023-12-13	Annual
2022-12-14	$0.206	$0.206	USD	2022-12-14	2022-12-13	2022-12-14	Annual
2021-12-15	$0.189	$0.189	USD	2021-12-15	2021-12-14	2021-12-16	Annual
2020-12-10	$0.254	$0.254	USD	2020-12-10	2020-12-09	2020-12-11	Annual
2019-12-12	$0.374	$0.374	USD	2019-12-12	2019-12-11	2019-12-13	Other
2018-12-19	$0.509	$0.509	USD	2018-12-19	2018-12-18	2018-12-19	Other

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Third Avenue Real Estate Value Fund Z Class NMFQS:TARZX