Keppel Reit Q1 Net Property Income Rises 7.2% To $48.2M | The Straits Times
This is partly due to strong demand for prime office space. :
SINGAPORE – Keppel Reit posted net property income (NPI) of $48.2 million for the first quarter ended March 31, up 7.2 per cent from $45 million in the first quarter of financial year 2023. This was mainly due to higher rentals and contributions from 2 Blue Street, a 10-storey office building in Sydney, said the real estate investment trust’s (Reit) manager in a business update on April 23. NPI attributable to unit holders also grew, rising by 7.1 per cent to $43.4 million from $40.5 million.
Why We Expect A Price Recovery In Commercial Real Estate
While 2023 was challenging for US commercial real estate (CRE) investors, we believe that it’s “off the floor in 2024,” with real estate poised to start its price recovery sometime in the second half of the year. Think of it as a chain reaction, which starts with fed fund rate reductions. That should help to lower real estate debt costs, which should, in turn, reduce upward pressure on cap rates. An eventual lift in cap rates should drive higher real estate prices.
Commercial Property: Beijing Retail Rents Jump By Most Since 2019 With Premium Office Space Remaining Under Pressure | South China Morning Post
The city’s commercial real estate market recovered partially in the first quarter of 2024 and is gearing up for further stabilisation this year as a rebound in consumption and policy support drive demand for leasing and investment, analysts say.
The Net Asset Value Of Eften Real Estate Fund As Shares As Of 31.03.2024 -april 10, 2024 At 01:00 Am Edt | Marketscreener
(marketscreener.com) In March, EfTEN Real Estate Fund AS generated a consolidated rental income of 2,545 thousand euros, which is 6 thousand euros less than in February. The rental income decreased by 33 thousand euros in March due to the expiration of a lease agreement with an anchor tenant in an office building located in Vilnius. Conversely, rental income increased...https://www.marketscreener.com/quote/stock/EFTEN-REAL-ESTATE-FUND-II-44154886/news/The-net-asset-value-of-EfTEN-Real-Estate-Fund-AS-shares-as-of-31-03-2024-46400946/?utm_medium=RSS&utm_content=20240410.
M&g Sells Seoul Office Building To Korea’s Edn For $151M
M&G Real Estate has completed the sale of the Icon Yeoksam office building in Seoul for KRW 204.3 billion ($151.4 million), with the British asset manager booking a 44 percent appreciation in value on the deal. The divestment of the... Read More>>
The post M&G Real Estate Sells Seoul Office Building to Korea’s EDN for $151M appeared first on Mingtiandi.
Boston Mayor Has A Gift For City’s Crumbling Commercial Real Estate Sector — More Taxes | The Daily Caller
'Shifting market trends':
Democratic Boston Mayor Michelle Wu proposed legislation in late March that would let the city hike taxes on its already struggling commercial real estate sector. The proposal is meant to combat falling revenue from commercial real estate due to a drop in property values as the sector struggles, seeking to prevent the city from needing to raise taxes on residential property owners, according to an announcement from the city.
India's Embassy Reit To Raise $300M To Fund Acquisition, Lower Debt -april 06, 2024 At 08:58 Am Edt | Marketscreener
(marketscreener.com) India's largest real estate investment trust, Embassy Office Parks, said on Saturday it will raise 25 billion Indian rupees to fund its acquisition of an integrated office park and repay debt.https://www.marketscreener.com/quote/stock/CISCO-SYSTEMS-INC-4862/news/India-s-Embassy-REIT-to-raise-300-million-to-fund-acquisition-lower-debt-46381739/?utm_medium=RSS&utm_content=20240406.
Battle For Ai Supremacy Has Created The Hottest Sector In Real Estate Investing
If you've been looking for a place to invest in real estate but the malaise of the office market is scaring you off and you don't believe there is much more upside in residential rents, the data center sector might be right for you. Since the emergence of Chat GPT and artificial intelligence (AI), companies around the world have invested heavily in maximizing the capabilities of this new technology. Why Data Centers Are So Important
No matter where AI is running or what purpose it's being used for, there is one common thread.
Why Fitch Thinks The Coming Commercial Real Estate Crash Could Be Worse Than 2008
The storm clouds that have been gathering over America's commercial real estate market got a little darker, according to a recent analysis from Fitch Ratings. Fitch predicts the coming commercial real estate crash will wipe out more property value than the financial crisis of 2008. More ominously, Fitch believes any rebound from the commercial crash will be slower than the rebound from 2008, and the gains will be lower. By any metric, America's commercial real estate market, specifically the office and retail sectors, is suffering.
Rich Dad, Poor Dad's Robert Kiyosaki Cautions Boomers Are At Risk Of Going Broke As Their Retirement Accounts Full Of 'fake Assets' Plunge - Realty Income (nyse:o)
Robert Kiyosaki, known for his bestseller "Rich Dad Poor Dad," often takes to social media to sound the alarm on the financial health of the economy. He's vocal about his belief in an impending economic collapse or significant recession, urging his followers to brace themselves for tough times ahead. Kiyosaki's recent post on X dives into the commercial real estate crisis, spotlighting the collapse of a major bank in China as a sign of broader troubles, especially for office buildings in both China and the U.S.
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