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Soumya Eswaran
Thu, April 2, 2026 astatine 9:27 AM CDT 3 min read
Baron Capital, an concern absorption company, released its Q4 2025 missive for its “Baron Real Estate Income Fund”. A transcript of the missive tin beryllium downloaded here. In 2025, the Fund appreciated 3.74% (Institutional Shares), exceeding the 1.68% summation for the MSCI US REIT Index (the REIT Index). In Q4 2025, the Fund declined modestly by 0.40%, outperforming the Index’s 1.99% decline. In opposition to the important double-digit maturation delivered successful 2023 and 2024, the Fund's humble show successful 2025 tin beryllium attributed to a assortment of factors, specified arsenic stronger comparative maturation successful respective sectors extracurricular of existent estate, ongoing involvement complaint headwinds, and circumstantial REIT subcategory headwinds. As of December 31, 2025, the Fund’s nett assets are arsenic follows: REITs (71.2%), non-REIT existent property companies (25.0%), and currency and currency equivalents (3.8%). Also, the Fund presently has investments successful 13 REIT categories. Heading into 2026, the Firm is optimistic astir the prospects for the banal marketplace and the Baron Real Estate Income Fund. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.
In its fourth-quarter 2025 capitalist letter, Baron Real Estate Income Fund highlighted stocks similar Weyerhaeuser Company (NYSE:WY). Weyerhaeuser Company (NYSE:WY) is 1 of the largest backstage owners of timberlands successful the United States. On April 1, 2026, Weyerhaeuser Company (NYSE:WY) closed astatine $24.20 per share. One-month instrumentality of Weyerhaeuser Company (NYSE:WY) was -1.75%, and its shares mislaid 11.78% implicit the past 52 weeks. Weyerhaeuser Company (NYSE:WY) has a marketplace capitalization of $17.45 billion.
Baron Real Estate Income Fund stated the pursuing regarding Weyerhaeuser Company (NYSE:WY) successful its 4th fourth 2025 capitalist letter:
"During the quarter, the Fund acquired shares successful Weyerhaeuser Company (NYSE:WY), 1 of the world’s largest owners of timberlands with astir 10 cardinal acres successful the U.S. and an further 13 cardinal acres that are licensed successful Canada. It is besides 1 of the largest manufacturers of wood products specified arsenic lumber, OSB, plywood, and different gathering materials that are utilized successful caller lodging operation and repair and remodel projects. The institution is presently trading astatine an approximate 40% discount to nett plus value, which is good supra its mid-teens humanities mean and adjacent all-time highest levels. We judge that the shares of Weyerhaeuser person go irrationally inexpensive and that enactment from caller lumber capableness curtailments, upward pricing momentum for lumber (from now-implemented Canadian duties and tariffs) and authorities lodging initiatives should assistance bring the valuation backmost towards humanities levels implicit time. Additionally, further enactment from an eventual pickup successful caller lodging operation and repair and remodel enactment could thrust stock terms gains implicit the medium-to-long term."
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