# EDGAR Filing Document

**Accession Number:** 0001440930
**File Stem:** 0001440930-25-000032
**Filing Date:** 2025-8
**Character Count:** 23117
**Document Hash:** e5f20497d64bf61ee7cac47192538be5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001440930-25-000032.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001440930-25-000032

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Global Real Estate Fund, Inc.
- **CENTRAL INDEX KEY:** 0001440930

**ORGANIZATION NAME:**
- **EIN:** 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:** 251256867

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## 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:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $65933225.41

**Total Liabilities:** $116542.36

**Net Assets:** $65816683.05

**Cash Not Reported:** $110734.00

**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 C000177202 | 0.41%                | 1.88%                | 0.24%                |
| Class ID C000070253 | 0.42%                | 1.83%                | 0.30%                |
| Class ID C000070254 | 0.42%                | 1.85%                | 0.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $108586.43               | $105159.43                                 |
| Month 2  | $74712.36                | $955004.89                                 |
| Month 3  | $48316.22                | $-180400.83                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Acadia Realty Trust                    | ACADIA REALTY TRUST                    | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     51580 | NS      | $957840.60    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                  | AMERICAN HOMES 4 RENT                  | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     35902 | NS      | $1294985.14   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                   | BIG YELLOW GROUP PLC                   | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               | CORP              | GB        |     56412 | NS      | $784215.90    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc              | AVALONBAY COMMUNITIES INC              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      8810 | NS      | $1792835.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Persimmon PLC                          | PERSIMMON PLC                          | CUSIP: 000000000<br>LEI: 213800XI72Y57UWN6F31 | Long             | EC               | CORP              | GB        |     38697 | NS      | $688434.75    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITE Group PLC/The                    | UNITE GROUP PLC/THE                    | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |     47538 | NS      | $554043.12    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Colliers International Group Inc       | COLLIERS INTERNATIONAL GROUP INC       | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |      6963 | NS      | $908950.02    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Apartment Properties REIT     | CANADIAN APARTMENT PROPERTIES REIT     | CUSIP: 134921105<br>LEI: 549300B1MYVTQEB2DI90 | Long             | EC               | CORP              | CA        |     21701 | NS      | $707722.72    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CubeSmart                              | CUBESMART                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32659 | NS      | $1388007.50   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc               | DIGITAL REALTY TRUST INC               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      2449 | NS      | $426934.17    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                     | DOUGLAS EMMETT INC                     | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22491 | NS      | $338264.64    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc               | EASTGROUP PROPERTIES INC               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      7550 | NS      | $1261756.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                            | EQUINIX INC                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5450 | NS      | $4335311.50   | 6.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc        | EQUITY LIFESTYLE PROPERTIES INC        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     11634 | NS      | $717468.78    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                     | EQUITY RESIDENTIAL                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     27429 | NS      | $1851183.21   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc               | ESSEX PROPERTY TRUST INC               | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      6193 | NS      | $1755096.20   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc      | GAMING AND LEISURE PROPERTIES INC      | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     21223 | NS      | $990689.64    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc            | HEALTHCARE REALTY TRUST INC            | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |      8600 | NS      | $136396.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirvac Group                           | MIRVAC GROUP                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    452811 | NS      | $657009.96    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Real Estate Investment Corp      | JAPAN REAL ESTATE INVESTMENT CORP      | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               | CORP              | JP        |       673 | NS      | $550959.40    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust | CAPITALAND INTEGRATED COMMERCIAL TRUST | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |    424116 | NS      | $724209.79    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd                   | KERRY PROPERTIES LTD                   | CUSIP: 000000000<br>LEI: 5299006T5ULIIRZ7LK49 | Long             | EC               | CORP              | BM        |    211000 | NS      | $546154.49    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Prime Realty Investment Corp     | JAPAN PRIME REALTY INVESTMENT CORP     | CUSIP: 000000000<br>LEI: 353800NJOQJAY1ODEX72 | Long             | EC               | CORP              | JP        |       816 | NS      | $524440.16    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co Ltd               | MITSUBISHI ESTATE CO LTD               | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    102100 | NS      | $1914080.82   | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                  | MITSUI FUDOSAN CO LTD                  | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     75200 | NS      | $728017.30    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd            | SUN HUNG KAI PROPERTIES LTD            | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |     75000 | NS      | $864228.52    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Inc                           | PROLOGIS INC                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     30925 | NS      | $3250836.00   | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                         | PUBLIC STORAGE                         | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      6638 | NS      | $1947721.96   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                   | REGENCY CENTERS CORP                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     22151 | NS      | $1577815.73   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund  | T. Rowe Price Government Reserve Fund  | CUSIP: 76105Y109<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |    400338 | NS      | $400337.71    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc          | REXFORD INDUSTRIAL REALTY INC          | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     32138 | NS      | $1143148.66   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc               | SIMON PROPERTY GROUP INC               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     13909 | NS      | $2236010.84   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT Inc        | SMARTSTOP SELF STORAGE REIT INC        | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     27747 | NS      | $1005273.81   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                    | SUN COMMUNITIES INC                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     15690 | NS      | $1984628.10   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                    | TERRENO REALTY CORP                    | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14471 | NS      | $811388.97    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                             | VENTAS INC                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     37201 | NS      | $2349243.15   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                    | VICI PROPERTIES INC                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     25200 | NS      | $821520.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                   | VORNADO REALTY TRUST                   | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23585 | NS      | $901890.40    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                          | WELLTOWER INC                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     25566 | NS      | $3930261.18   | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Invincible Investment Corp             | INVINCIBLE INVESTMENT CORP             | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               | CORP              | JP        |      1175 | NS      | $505989.73    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                          | GOODMAN GROUP                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    133635 | NS      | $3012750.88   | 4.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings Inc        | NOMURA REAL ESTATE HOLDINGS INC        | CUSIP: 000000000<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |     59700 | NS      | $349676.00    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Aedifica SA                            | AEDIFICA SA                            | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               | CORP              | BE        |      5958 | NS      | $464899.02    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                              | SEGRO PLC                              | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |    185449 | NS      | $1736015.10   | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Properties Ltd                   | SWIRE PROPERTIES LTD                   | CUSIP: 000000000<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    273600 | NS      | $683899.22    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Prologis REIT Inc               | NIPPON PROLOGIS REIT INC               | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               | CORP              | JP        |       792 | NS      | $437813.43    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                      | LEG IMMOBILIEN SE                      | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |      6489 | NS      | $577595.64    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyushu Railway Co                      | KYUSHU RAILWAY CO                      | CUSIP: 000000000<br>LEI: 5299002CCI6HLWAN3K50 | Long             | EC               | CORP              | JP        |     28800 | NS      | $744562.34    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Open House Group Co Ltd                | OPEN HOUSE GROUP CO LTD                | CUSIP: 000000000<br>LEI: 529900WQOGPBIJEHW865 | Long             | EC               | CORP              | JP        |     18400 | NS      | $832089.16    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kojamo Oyj                             | KOJAMO OYJ                             | CUSIP: 000000000<br>LEI: 7437007YPUOQZ8OV1R42 | Long             | EC               | CORP              | FI        |     91880 | NS      | $1193592.91   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                 | WAREHOUSES DE PAUW CVA                 | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |     48248 | NS      | $1181941.48   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group                          | SCENTRE GROUP                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    310901 | NS      | $730218.29    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexus Select Trust                     | NEXUS SELECT TRUST                     | CUSIP: 000000000<br>LEI: 3358005ZHLYHK1WZGL78 | Long             | EC               | CORP              | IN        |    280897 | NS      | $457982.17    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Core REIT Management Pte Ltd   | DIGITAL CORE REIT MANAGEMENT PTE LTD   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    486700 | NS      | $257968.72    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Shurgard Self Storage Ltd              | SHURGARD SELF STORAGE LTD              | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               | CORP              | GG        |     19385 | NS      | $846862.61    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                         | KEPPEL DC REIT                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    499300 | NS      | $915251.53    | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                     | CELLNEX TELECOM SA                     | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     18761 | NS      | $730520.28    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-04

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President