NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND) Net-Net Working Capital : $-1.06 (As of Oct. 2023)

View and export this data going back to 2003. Start your Free Trial

What is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Net-Net Working Capital for the quarter that ended in Oct. 2023 was $-1.06.

The industry rank for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Net-Net Working Capital or its related term are showing as below:

NRO's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.125
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Net-Net Working Capital Historical Data

The historical data trend for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Net-Net Working Capital Chart

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Net-Net Working Capital

Get a 7-Day Free Trial

-2.17

-0.96

-1.49

-1.27

-1.06

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Net-Net Working Capital	Get a 7-Day Free Trial															-1.49	-1.48	-1.27	-1.32	-1.06

Competitive Comparison of NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Net-Net Working Capital

For the Asset Management subindustry, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Price-to-Net-Net-Working-Capital falls into.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Net-Net Working Capital Calculation

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(A: Oct. 2023 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0	+	0.75 * 0	+	0.5 * 0	-	50.472
-	0	-	0)	/	47.4558
=	-1.06

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(Q: Oct. 2023 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0	+	0.75 * 0	+	0.5 * 0	-	50.472
-	0	-	0)	/	47.4558
=	-1.06

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (AMEX:NRO) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC (AMEX:NRO) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002

Website

https://www.nb.com

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC is a closed-end management investment company that invests mainly in securities issued by real estate companies, including real estate investment trusts (REITs). Its primary objective is to gain high current income with capital appreciation being the second. The fund invests in sectors, such as apartments, Data Centers, Infrastructure REITs, Manufactured Homes, Office, Regional Malls and others.

Executives

Franklyn E. Smith	director	C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Ami Kaplan	director	C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Faith Colish	director	C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Steven Samuels	10 percent owner	72 COLEYTOWN ROAD, WESTPORT CT 06882
Phillip Goldstein	10 percent owner	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos	10 percent owner	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
James G. Stavridis	director	C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Deborah C. Mclean	director	C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Marc Gary	director	C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Brian Patrick Kerrane	officer: Chief Operating Officer	C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158
Michael J. Cosgrove	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter P Trapp	director	C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVENUE 2ND FLOOR, NEW YORK NY 10158-0180
Jack L Rivkin	director	1200 PROSPECT STREET, SUITE 400, LA JOLLA CA 92037
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6