U.S. REITs Narrow Gap Between Share Price, NAV In November
The office sector by far trades at the highest discount to NAV.
The office sector by far trades at the highest discount to NAV.
The industry has clawed its way back from the dim days of the pandemic, with U.S. hotel occupancy averaging 63% during 2023.
Goldman Sachs Asset Management believes U.S. CRE has reached its nadir and is ready to start buying again.
Hard times are expected to continue for another six to 12 months as the industry works through a backlog of supply.
Three streets in the Bay Area feature some of the highest office rents in the U.S.
Unibail-Rodamco-Westfield has decided to stay in the U.S. after announcing its departure in 2022.
Wentworth told the WSJ that it would eye underperforming stores and those close together while not significantly reducing its headcount.
Miami, Fort Lauderdale and West Palm Beach offices had only 14% fewer people in April compared to 2019, while the gap nationally is 32.2%.
Despite the down outlook, Host Hotels reported increased cash flow and revenue in the first quarter.
Kimberly Clark announced plans to build new manufacturing facilities in Ohio and South Carolina.
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