Third Avenue Real Estate Value Fund Q2 2025 Commentary

2025-07-23 05:40:00 ET

Dear Fellow Shareholders,

We are pleased to provide you with the Third Avenue Real Estate Value Fund ( TAREX ) (the “Fund”) report for the quarter ended June 30, 2025. For the first six months of the calendar year, the Fund generated a return of +6.38% (after fees) versus +6.66% (before fees) for the Fund’s most-relevant benchmark, the FTSE EPRA NAREIT Developed Index¹....

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