Front & Center

This week, Front & Center host Uma Moriarity is joined again by Portfolio and Regional Manager Matthew Goulding, for a timely discussion on the state of the European REIT market. The episode opens with Uma and Matthew analyzing recent market trends across the continent, offering insights into the impact of inflation, monetary policy, and interest rates. “European REITs and Real Estate Trends” provides a comprehensive look into European REIT fundamentals, offering key takeaways from recent earnings releases and exploring performance across various sectors. The conversation concludes with an analysis of valuations, deciphering significant discounts between public and private markets and shedding light upon the dynamics that continue to shape the industry.

This week on Front & Center Uma Moriarity is joined by Patrick Wilson, Portfolio Manager for CenterSquare’s Listed Real Estate Platform to wrap up U.S. REITs earnings season and provide a comprehensive update on various property types and markets. The conversation starts by synthesizing fundamentals across the industrial, residential, and retail sectors and closes with a discussion about the general capital strength of REITs, focusing on leverage levels and potential opportunities arising within the current real estate cycle. “REIT Earnings Recap” highlights key takeaways and thematics across the broader real estate landscape, providing valuable insights for listeners as REITs earnings season draws to a close and we approach the end of the year.

This week, Uma Moriarity welcomes back Portfolio and Regional Manager Joachim Kehr to discuss key takeaways from earnings season across the Asia-Pacific region. They provide updates on a variety of sectors, analyzing how consumer trends will continue to impact fundamentals across the broader real estate market. “APAC Earnings Season Takeaways” highlights the driving forces behind public and private market valuations across the region and offers a detailed snapshot of today’s APAC real estate landscape, encompassing the industrial, retail, residential, and office sectors and providing expectations through the end of the year.

This week, Co-Hosts Scott Crowe and Uma Moriarity are joined by Richard Gorsky, Managing Director for our Private Real Estate Debt platform, for a timely discussion on the state of the real estate debt market. The group begins by reviewing the changes we’ve seen in the debt landscape as treasury yields have materially increased, digging into how evolving trends and tightening credit standards will lead to a real estate repricing. “Resetting the Real Estate Debt Landscape” examines the “wall of maturities” approaching in 2024, exploring the challenges currently faced by real estate owners and strategies employed to navigate reset valuations. The group closes out the conversation by examining compelling opportunities that may arise as transaction volumes increase heading into next year.

As REIT earnings season kicks off, Co-Hosts Uma Moriarity and Scott Crowe invite back Portfolio Manager Rob Goldstein to offer a glimpse into what we can expect this earnings season. The conversation begins with the group touching upon current REIT market sentiment, examining fundamentals across various property types, and sharing valuable insights as we head into Q4. Analyzing the current REIT landscape and delivering incisive projections, “REIT Earnings Preview” touches on supply and demand dynamics across property types given economic conditions and explores the impact of rising interest rates on REIT valuations as we head into earnings season.

This week, Co-Hosts Scott Crowe and Uma Moriarity welcome back a familiar voice to Front & Center – Real Estate Securities Portfolio Manager, Alex Snyder. In this episode, Scott, Uma, and Alex dive into the nuances of the office sector, dissecting recent market trends and addressing the impact of changing interest rates on valuations. "Space Matters: Redefining “Success” Within the Office Sector" analyzes the evolving definition of “quality” office space, examining how the pandemic has accentuated the desire for elements such as natural light, ventilation, and collaborative workspaces. The group goes on to discuss geographic and cultural disparities between cities like San Francisco and New York, contemplating the future of office and what key features could create an ideal investment opportunity within the space.

In our latest episode of Front and Center, Co-Hosts Uma Moriarity and Scott Crowe welcome guests Jeff Reder and Victoria Madrid from CenterSquare's private equity platform to examine the wide variety of subsectors that fall under the industrial real estate umbrella. The group discusses the complexities of traditional industrial spaces, then delves deeper into niche subsectors such as cold storage and service industrial properties. “Understanding the Flavors of Industrial Real Estate” evaluates the drivers that have created an increased appetite for these specialized assets, highlighting the challenges and opportunities presented by these unique spaces, and provides a market outlook in the face of an ever-evolving real estate market today.

This week, Co-Hosts Scott Crowe and Uma Moriarity are joined by Matthew Goulding, London-based Listed Real Estate Securities Portfolio and Regional Manager to delve into the intricacies across the European real estate market. "Transatlantic Trends: Exploring European Real Estate" dives into the inflation and interest rate environment across UK and Europe, its resulting impact across public and private real estate markets, and secular trends unfolding across sectors like senior housing, healthcare, and office across the different regions.

Following last week's FOMC meeting, Co-Hosts Uma Moriarity and Scott Crowe discuss key takeaways and expectations for the real estate market as we head into 2024. "Charting the Course: Central Banks, Cap Rates, and Real Estate Outlook" examines the impact of the "higher for longer" interest rate message on cap rates, transaction volumes, and our real estate outlook, while addressing expectations for a recession given forward looking indicators tracking the strength of the consumer.

In our latest installment of Front & Center, Co-Hosts Scott Crowe and Uma Moriarity welcome back Portfolio Manager Patrick Wilson to delve into the burgeoning data center sector within the commercial real estate landscape. "The Power and Potential of Data Centers" explores the sector's strong fundamentals and its potential for further growth due to limited supply and increased demand for modern facilities, while examining how data center REITs are adapting to meet the evolving needs of this dynamic real estate opportunity.