Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited) 
July 31, 2024

 
Number of Shares
Value
Common Stocks 85.9%
Apartments 9.2%
28,574
AvalonBay Communities, Inc.
$5,855,384
45,490
Camden Property Trust
5,038,018
124,664
UDR, Inc.
4,995,286
 
15,888,688
Data Centers 4.1%
30,507
Digital Realty Trust, Inc.
4,560,492
(a)
3,288
Equinix, Inc.
2,598,309
(a)
 
7,158,801
Free Standing 2.3%
68,724
Realty Income Corp.
3,946,819
(a)
Gaming 3.0%
45,945
Gaming & Leisure Properties, Inc.
2,306,439
92,979
VICI Properties, Inc.
2,906,524
 
5,212,963
Health Care 11.1%
138,300
American Healthcare REIT, Inc.
2,204,502
151,532
Omega Healthcare Investors, Inc.
5,515,765
(a)
100,236
Ventas, Inc.
5,456,848
(a)
53,227
Welltower, Inc.
5,921,503
(a)
 
19,098,618
Industrial 7.2%
79,003
Prologis, Inc.
9,958,328
(a)
60,533
STAG Industrial, Inc.
2,470,352
(a)
 
12,428,680
Manufactured Homes 3.6%
30,096
Equity LifeStyle Properties, Inc.
2,066,994
33,320
Sun Communities, Inc.
4,222,643
(a)
 
6,289,637
Mortgage Commercial Financing 4.8%
182,043
Blackstone Mortgage Trust, Inc. Class A
3,249,467
(a)
252,347
Starwood Property Trust, Inc.
5,034,323
(a)
 
8,283,790
Mortgage Home Financing 3.9%
308,541
AGNC Investment Corp.
3,088,496
182,510
Annaly Capital Management, Inc.
3,633,774
(a)
 
6,722,270
Office 3.5%
30,583
BXP, Inc.
2,180,874
123,776
Highwoods Properties, Inc.
3,833,342
(a)
 
6,014,216
Regional Malls 6.4%
71,971
Simon Property Group, Inc.
11,043,230
(a)
See Notes to Schedule of Investments
Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited)  (cont’d)
Number of Shares
Value
Self Storage 4.7%
27,304
Public Storage
$8,079,800
(a)
Shopping Centers 4.8%
255,692
Kimco Realty Corp.
5,556,187
(a)
179,663
Retail Opportunity Investments Corp.
2,685,962
 
8,242,149
Single Family Homes 1.7%
81,395
Invitation Homes, Inc.
2,870,802
Specialty 3.6%
60,713
Iron Mountain, Inc.
6,226,725
(a)
Telecommunications 12.0%
56,976
American Tower Corp.
12,557,511
(a)
74,315
Crown Castle, Inc.
8,180,595
(a)
 
20,738,106
Total Common Stocks (Cost $140,050,676)
148,245,294
Preferred Stocks(b) 42.1%
Data Centers 1.7%
38,326
Digital Realty Trust, Inc., Series K, 5.85%
943,969
89,449
Digital Realty Trust, Inc., Series L, 5.20%
1,929,415
(a)
 
2,873,384
Diversified 2.5%
93,000
Armada Hoffler Properties, Inc., Series A, 6.75%
2,018,100
(a)
80,155
Gladstone Commercial Corp., Series G, 6.00%
1,607,909
29,000
Global Net Lease, Inc., Series A, 7.25%
622,920
 
4,248,929
Free Standing 3.0%
184,350
Agree Realty Corp., Series A, 4.25%
3,403,101
(a)
73,589
Realty Income Corp., Series A, 6.00%
1,794,100
 
5,197,201
Lodging/Resorts 5.7%
125,000
Ashford Hospitality Trust, Inc., Series G, 7.38%
2,041,250
(a)
186,500
Chatham Lodging Trust, Series A, 6.63%
3,879,200
21,350
DiamondRock Hospitality Co., Series A, 8.25%
535,031
(a)
28,179
Pebblebrook Hotel Trust, Series G, 6.38%
567,243
56,420
Summit Hotel Properties, Inc., Series E, 6.25%
1,167,330
(a)
36,990
Summit Hotel Properties, Inc., Series F, 5.88%
760,514
30,000
Sunstone Hotel Investors, Inc., Series H, 6.13%
639,000
12,400
Sunstone Hotel Investors, Inc., Series I, 5.70%
248,000
 
9,837,568
Manufactured Homes 0.5%
34,673
UMH Properties, Inc., Series D, 6.38%
828,338
Mortgage Commercial Financing 0.3%
30,000
KKR Real Estate Finance Trust, Inc., Series A, 6.50%
571,500
(a)
See Notes to Schedule of Investments
Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited)  (cont’d)
Number of Shares
Value
Office 7.0%
6,000
Highwoods Properties, Inc., Series A, 8.63%
$6,420,150
146,404
Hudson Pacific Properties, Inc., Series C, 4.75%
1,872,507
9,188
SL Green Realty Corp., Series I, 6.50%
201,769
43,000
Vornado Realty Trust, Series L, 5.40%
674,670
132,100
Vornado Realty Trust, Series M, 5.25%
2,011,883
54,925
Vornado Realty Trust, Series N, 5.25%
843,648
(a)
9,143
Vornado Realty Trust, Series O, 4.45%
120,230
 
12,144,857
Real Estate Management & Development 6.0%
50,000
Brookfield Property Partners LP, Series A, 5.75%
629,500
263,166
DigitalBridge Group, Inc., Series I, 7.15%
5,937,025
(a)
165,800
DigitalBridge Group, Inc., Series J, 7.13%
3,738,790
(a)
 
10,305,315
Self Storage 7.1%
27,100
National Storage Affiliates Trust, Series A, 6.00%
608,124
31,050
Public Storage, Series H, 5.60%
766,625
29,000
Public Storage, Series I, 4.88%
625,530
33,176
Public Storage, Series J, 4.70%
685,084
(a)
102,000
Public Storage, Series K, 4.75%
2,130,780
(a)
80,793
Public Storage, Series L, 4.63%
1,638,482
(a)
31,700
Public Storage, Series M, 4.13%
581,061
(a)
118,790
Public Storage, Series P, 4.00%
2,076,449
(a)
19,775
Public Storage, Series Q, 3.95%
347,447
154,200
Public Storage, Series S, 4.10%
2,778,684
(a)
 
12,238,266
Shopping Centers 5.5%
22,313
Cedar Realty Trust, Inc., Series C, 6.50%
286,722
34,375
CTO Realty Growth, Inc., Series A, 6.38%
751,438
55,600
Federal Realty Investment Trust, Series C, 5.00%
1,175,384
12,369
Kimco Realty Corp., Series L, 5.13%
266,799
56,425
Kimco Realty Corp., Series M, 5.25%
1,234,015
(a)
8,000
Regency Centers Corp., Series A, 6.25%
186,000
123,750
Regency Centers Corp., Series B, 5.88%
2,734,875
58,523
Saul Centers, Inc., Series E, 6.00%
1,190,943
(a)
72,445
SITE Centers Corp., Series A, 6.38%
1,690,142
(a)
 
9,516,318
Single Family Homes 2.4%
165,620
American Homes 4 Rent, Series G, 5.88%
3,792,698
(a)
13,000
American Homes 4 Rent, Series H, 6.25%
311,740
 
4,104,438
Specialty 0.4%
31,908
EPR Properties, Series G, 5.75%
669,430
(a)
Total Preferred Stocks (Cost $84,926,459)
72,535,544
See Notes to Schedule of Investments
Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited)  (cont’d)
Number of Units
Value
Master Limited Partnerships and Limited Partnerships 0.8%
Real Estate Management & Development 0.8%
90,388
Brookfield Property Preferred LP, 6.25% (Cost $2,259,939)
$1,402,822
Number of Shares
 
Short-Term Investments 0.2%
Investment Companies 0.2%
358,644
State Street Institutional U.S. Government Money Market Fund Premier Class, 5.26%(c)  (Cost $358,644)
358,644
Total Investments 129.0% (Cost $227,595,718)
222,542,304
Liabilities Less Other Assets (29.0)%
(50,048,838
)
Net Assets Applicable to Common Stockholders 100.0%
$172,493,466
 
(a)
All or a portion of this security is pledged with the custodian in connection with the Fund's loans payable
outstanding.
(b)
Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by
the issuer.
(c)
Represents 7-day effective yield as of July 31, 2024.
See Notes to Schedule of Investments
Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited)  (cont’d)
The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund’s investments as of July 31, 2024: 
Asset Valuation Inputs
Level 1
Level 2
Level 3
Total
Investments:
 
 
 
 
Common Stocks#
$148,245,294
$—
$—
$148,245,294
Preferred Stocks
Office
5,724,707
6,420,150
—
12,144,857
Other Preferred Stocks#
60,390,687
—
—
60,390,687
Total Preferred Stocks
66,115,394
6,420,150
—
72,535,544
Master Limited Partnerships and Limited Partnerships#
1,402,822
—
—
1,402,822
Short-Term Investments
—
358,644
—
358,644
Total Investments
$215,763,510
$6,778,794
$—
$222,542,304
 
#
The Schedule of Investments provides information on the industry or sector categorization.
 
^  A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.
See Notes to Schedule of Investments
July 31, 2024
Notes to Schedule of Investments Real Estate Securities Income Fund Inc. (Unaudited) 
In accordance with Accounting Standards Codification 820 "Fair Value Measurement” ("ASC 820"), all investments held by Neuberger Berman Real Estate Securities Income Fund Inc. (the "Fund") are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund’s investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820. 
ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. 
•
Level 1 – unadjusted quoted prices in active markets for identical investments
•
Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
•
Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities. 
The value of the Fund’s investments in equity securities, master limited partnerships and limited partnerships, and certain preferred stocks, for which market quotations are available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations. The value of certain preferred stock is determined by Management by obtaining valuations from independent pricing services which are based on market information which may include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers, and reference data, such as market research publications, when available (generally Level 2 inputs). 
Management has developed a process to periodically review information provided by independent pricing services for all types of securities. 
Investments in non-exchange traded investment companies are valued using the respective fund’s daily calculated net asset value per share (Level 2 inputs), when available. 
If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Act of 1940, the Fund's Board of Directors designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.
Notes to Schedule of Investments Real Estate Securities Income Fund Inc. (Unaudited)  (cont’d)
of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold. 
Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded. 
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.
Notes to Schedule of Investments Real Estate Securities Income Fund Inc. (Unaudited) (cont'd)
Legend
 
Other Abbreviations:
Management
= Neuberger Berman Investment Advisers LLC
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.
Neuberger Berman Real Es... (AMEX:NRO)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024 Haga Click aquí para más Gráficas Neuberger Berman Real Es....
Neuberger Berman Real Es... (AMEX:NRO)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024 Haga Click aquí para más Gráficas Neuberger Berman Real Es....