NRO: Revisiting This Reit CEF

  • NRO is a leveraged REIT CEF, highly sensitive to interest rates and 10-year Treasury yields, amplifying both upside and downside moves. Recent rights offering raised $51.5 million, deleveraging the fund and benefiting long-term stability despite short-term price pressure. NRO's performance and risk profile make it suitable for investors bullish on lower rates; otherwise, a vanilla REIT ETF is safer.