LMP Real Estate Income Fund Inc. (NYSE: RIT) announces its portfolio composition as of March 31, 2009.
Investment Objective: The Fund seeks high current income as a primary objective and capital appreciation as a secondary objective.
Portfolio Composition: * | Â | |
Common Stocks: | 48.0% | |
Preferred Stocks: | 50.0% | |
Cash: | 2.0% | |
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Total Number of Common Stocks: | 26 | |
Total Number of Preferred Stocks: | 27 | |
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Total Number of Securities: | 53 | |
Total Number of Issuers: | 41 |
Industry Allocations (%) | Â | Â | Â | ||||||
Common | Preferred | Total | |||||||
Office & Industrial | 15 | .3 | 10 | .2 | 25 | .5 | |||
Retail | 6 | .3 | 15 | .3 | 21 | .6 | |||
Healthcare | 9 | .8 | 4 | .0 | 13 | .8 | |||
Net Lease | 7 | .8 | 3 | .7 | 11 | .5 | |||
Residential | 5 | .0 | 3 | .4 | 8 | .4 | |||
Hotel | 1 | .1 | 4 | .1 | 5 | .2 | |||
Other | 2 | .8 | 9 | .2 | 12 | .0 | |||
Cash | 2 | .0 | 2 | .0 |
Top 10 Holdings | Â | |
Urstadt Biddle Properties Series C PFD | 7.89 | |
Public Storage Series L PFD | 5.14 | |
Kimco Realty Series G PFD | 4.23 | |
Omega Healthcare Investors | 4.07 | |
National Retail Properties | 3.99 | |
Camden Property Trust | 3.52 | |
Liberty Property Trust | 2.81 | |
Nationwide Health Properties, Inc. | 2.80 | |
LBA Realty FD II WBP Inc. Pfd Series A | 2.67 | |
First Potomac Realty Trust | 2.61 |
Portfolio Statistics: | |
Inception Date | July 31, 2002 |
Inception Price | $15.00 |
Total Net Assets | $48,934,388 |
Market Price: | $3.38 |
NAV | $4.31 |
(Daily NAV is available on market quotation systems using the symbol XRITX.) | |
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Distribution Rate** | $0.0800 per share |
Frequency | Monthly (declared quarterly, paid monthly) |
Leverage*** | 27.54% |
* | Â | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. |
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** | Pursuant to its managed distribution policy, the Fund intends to make regular monthly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's managed distribution policy, if, for any monthly distribution, the total of net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and will constitute a "return of capital"). The Board of Directors may terminate the managed distribution policy at any time, including when certain events would make part of any return of capital taxable to shareholders. Any such termination could have an adverse effect on the market price for the Fund's shares. | |
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*** | The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. If the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligation in respect of the reverse repurchase agreements (or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage. |
LMP Real Estate Income Fund Inc. is a non-diversified investment management company advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is sub-advised by AEW Management and Advisor, L.P., an affiliate of AEW Capital Management, L.P.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Investor Relations: 888-777-0102, or consult the Fund’s web site at www.leggmason.com/investorservices.
Contacts:
LMP Real Estate Income Fund Inc.
Investor Relations, 888-777-0102
www.leggmason.com/investorservices