# EDGAR Filing Document

**Accession Number:** 0001440930
**File Stem:** 0001440930-23-000010
**Filing Date:** 2023-2
**Character Count:** 24960
**Document Hash:** 625df8c92c95148b236aae19fae54029
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001440930-23-000010.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001440930-23-000010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Global Real Estate Fund, Inc.
- **CENTRAL INDEX KEY:** 0001440930
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22218
- **FILM NUMBER:** 23667780

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

## Series and Classes Contracts Data

### T. Rowe Price Global Real Estate Fund, Inc. (Series ID: S000024038)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000070253 | T. Rowe Price Global Real Estate Fund, Inc.         | TRGRX           |
| C000070254 | T. Rowe Price Global Real Estate Fund-Advisor Class | PAGEX           |
| C000177202 | T. Rowe Price Global Real Estate Fund-I Class       | TIRGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC.

- **b. Investment Company Act file number:** 811-22218

- **c. CIK number of Registrant:** 0001440930

- **d. LEI of Registrant:** 549300Z4XQN98ZYONN36

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price Global Real Estate Fund, Inc.

- **b. EDGAR series identifier (if any):** S000024038

- **c. LEI of Series:** UEMCKN39EX7XRU8REB17

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $82647785.49

**Total Liabilities:** $128270.82

**Net Assets:** $82519514.67

**Cash Not Reported:** $39995.94

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000070253 | 2.12%                | 7.69%                | -3.42%               |
| Class ID C000177202 | 2.12%                | 7.73%                | -3.36%               |
| Class ID C000070254 | 2.08%                | 7.70%                | -3.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-886830.96              | $2796979.31                                |
| Month 2  | $413517.61               | $5787183.54                                |
| Month 3  | $-30263.85               | $-3245945.45                               |

### Schedule of Portfolio Investments

| Name                                             | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mitsui Fudosan Logistics Park Inc                | MITSUI FUDOSAN LOGISTICS PARK INC                | CUSIP: 000000000<br>LEI: 353800DN63EIYS760S59 | Long             | EC               | CORP              | JP        |       291 | NS      | $1063747.82   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                               | CELLNEX TELECOM SA                               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     21487 | NS      | $712750.71    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Core REIT Management Pte Ltd             | DIGITAL CORE REIT MANAGEMENT PTE LTD             | CUSIP: 000000000<br>LEI: 549300IIGO612K0POE26 | Long             | EC               | CORP              | SG        |    932200 | NS      | $513226.40    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| H World Group Ltd                                | H WORLD GROUP LTD                                | CUSIP: 000000000<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |    151370 | NS      | $645356.69    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group                                    | SCENTRE GROUP                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    618643 | NS      | $1204226.01   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Lendlease Global Commercial REIT                 | LENDLEASE GLOBAL COMMERCIAL REIT                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    854897 | NS      | $449928.04    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                           | WAREHOUSES DE PAUW CVA                           | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |     48296 | NS      | $1383525.30   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group PLC                | INTERCONTINENTAL HOTELS GROUP PLC                | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     11392 | NS      | $653659.33    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Shurgard Self Storage SA                         | SHURGARD SELF STORAGE SA                         | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               | CORP              | LU        |     25247 | NS      | $1157688.77   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Kojamo Oyj                                       | KOJAMO OYJ                                       | CUSIP: 000000000<br>LEI: 7437007YPUOQZ8OV1R42 | Long             | EC               | CORP              | FI        |     71630 | NS      | $1059337.13   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Portland Estates PLC                       | GREAT PORTLAND ESTATES PLC                       | CUSIP: 000000000<br>LEI: 213800JMEDD2Q4N1MC42 | Long             | EC               | CORP              | GB        |    137774 | NS      | $821126.89    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Katitas Co Ltd                                   | KATITAS CO LTD                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43000 | NS      | $981574.18    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd              | WHARF REAL ESTATE INVESTMENT CO LTD              | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |    236000 | NS      | $1374497.02   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoshino Resorts REIT Inc                         | HOSHINO RESORTS REIT INC                         | CUSIP: 000000000<br>LEI: 353800DF2MUZWFL4IL56 | Long             | EC               | CORP              | JP        |       153 | NS      | $824055.65    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Granite Real Estate Investment Trust             | GRANITE REAL ESTATE INVESTMENT TRUST             | CUSIP: 000000000<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               | CORP              | CA        |     16952 | NS      | $864877.52    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| StorageVault Canada Inc                          | STORAGEVAULT CANADA INC                          | CUSIP: 000000000<br>LEI: 254900A6LDI0HRL1VD69 | Long             | EC               | CORP              | CA        |    155200 | NS      | $690032.50    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp | INDUSTRIAL & INFRASTRUCTURE FUND INVESTMENT CORP | CUSIP: 000000000<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               | CORP              | JP        |      1020 | NS      | $1177367.21   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                                    | GOODMAN GROUP                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    147147 | NS      | $1730500.84   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corp                       | INVINCIBLE INVESTMENT CORP                       | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               | CORP              | JP        |      1739 | NS      | $673848.13    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                                    | WELLTOWER INC                                    | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     31440 | NS      | $2060892.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                       | VENTAS INC                                       | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     44487 | NS      | $2004139.35   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                              | TERRENO REALTY CORP                              | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25855 | NS      | $1470373.85   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                         | SIMON PROPERTY GROUP INC                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     25248 | NS      | $2966135.04   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                          | SBA COMMUNICATIONS CORP                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      3707 | NS      | $1039109.17   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Gecina SA                                        | GECINA SA                                        | CUSIP: 000000000<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               | CORP              | FR        |      5102 | NS      | $519791.88    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty Inc                    | REXFORD INDUSTRIAL REALTY INC                    | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     34826 | NS      | $1902892.64   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund  | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND  | CUSIP: 76105Y109<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |   1418704 | NS      | $1418703.68   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                             | REGENCY CENTERS CORP                             | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     31217 | NS      | $1951062.50   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                   | PUBLIC STORAGE                                   | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |     12931 | NS      | $3623136.89   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                     | PROLOGIS INC                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     49932 | NS      | $5628834.36   | 6.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                          | PEBBLEBROOK HOTEL TRUST                          | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |     58130 | NS      | $778360.70    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Tatemono Co Ltd                            | TOKYO TATEMONO CO LTD                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     60800 | NS      | $736066.24    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                      | SUN HUNG KAI PROPERTIES LTD                      | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    127500 | NS      | $1741569.89   | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu REIT Inc                                   | TOKYU REIT INC                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       349 | NS      | $549881.74    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                            | MITSUI FUDOSAN CO LTD                            | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    121900 | NS      | $2227963.25   | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyoritsu Maintenance Co Ltd                      | KYORITSU MAINTENANCE CO LTD                      | CUSIP: 000000000<br>LEI: 353800IO2MFHL1NA0986 | Long             | EC               | CORP              | JP        |     15400 | NS      | $687540.33    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd                       | HONGKONG LAND HOLDINGS LTD                       | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |    336200 | NS      | $1546794.20   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust           | CAPITALAND INTEGRATED COMMERCIAL TRUST           | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |   1094100 | NS      | $1668734.87   | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Marriott International Inc/MD                    | MARRIOTT INTERNATIONAL INC/MD                    | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      7571 | NS      | $1127246.19   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                               | KILROY REALTY CORP                               | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     10956 | NS      | $423668.52    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                    | HILTON WORLDWIDE HOLDINGS INC                    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     10269 | NS      | $1297590.84   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                         | ESSEX PROPERTY TRUST INC                         | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      5320 | NS      | $1127414.40   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                               | EQUITY RESIDENTIAL                               | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     36217 | NS      | $2136803.00   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                  | EQUITY LIFESTYLE PROPERTIES INC                  | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     32852 | NS      | $2122239.20   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                      | EQUINIX INC                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      7616 | NS      | $4988708.48   | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                               | DOUGLAS EMMETT INC                               | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24673 | NS      | $386872.64    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                        | CUBESMART                                        | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51347 | NS      | $2066716.75   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Apartment Properties REIT               | CANADIAN APARTMENT PROPERTIES REIT               | CUSIP: 000000000<br>LEI: 549300B1MYVTQEB2DI90 | Long             | EC               | CORP              | CA        |     32341 | NS      | $1019434.18   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Camden Property Trust                            | CAMDEN PROPERTY TRUST                            | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      9088 | NS      | $1016765.44   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                              | UNITE GROUP PLC/THE                              | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |    104080 | NS      | $1141830.26   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Persimmon PLC                                    | PERSIMMON PLC                                    | CUSIP: 000000000<br>LEI: 213800XI72Y57UWN6F31 | Long             | EC               | CORP              | GB        |     27171 | NS      | $398398.27    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                        | AVALONBAY COMMUNITIES INC                        | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     13620 | NS      | $2199902.40   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                       | APPLE HOSPITALITY REIT INC                       | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     61126 | NS      | $964568.28    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp                       | APARTMENT INCOME REIT CORP                       | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18666 | NS      | $640430.46    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                             | BIG YELLOW GROUP PLC                             | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               | CORP              | GB        |     49726 | NS      | $688772.19    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                            | AMERICAN HOMES 4 RENT                            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     59804 | NS      | $1802492.56   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Derwent London PLC                               | DERWENT LONDON PLC                               | CUSIP: 000000000<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               | CORP              | GB        |     30111 | NS      | $861814.85    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities Inc              | ALEXANDRIA REAL ESTATE EQUITIES INC              | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     14876 | NS      | $2166986.92   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                              | ACADIA REALTY TRUST                              | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72926 | NS      | $1046488.10   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President