Def. Realized Gain:
When mismatch loss occurs, as it usually
does, this loss must be subtracted from the
power gain of the antenna to yield realized
gain. Realized gain is important to the systems
engineer, for it reveals how much signal
will be available at the input to the receiver
for a given field strength.
See:
http://www.wj.com/pdf/technotes/Direct_antennas.pdf