Listed Commercial Real Estate - Articles & White Papers

As diplomacy wavers, tech continues to deliver. The U.S. and Iran remain under a fragile ceasefire, and investors are still awaiting signs that diplomacy can restore energy flows and shipping through the Strait of Hormuz. Meanwhile, strong fundamentals, especially AI-driven earnings growth and chip demand, are lifting some…

This report explores real estate opportunities across Asia Pacific, Europe, Mexico, and the U.S.—showing how global investment themes drive regional action in equity and credit.

PGIM's Mid-Year Capital Market Assumptions highlight that asset return forecasts have generally improved, supported by higher interest rates and more attractive equity valuations.

Principal Asset Management's five signal market barometer suggests that recovery remained intact in 1Q26.

This paper was originally published in April 2023 and has been updated in June 2026. Combining REITs and private real estate may improve risk-adjusted returns. In a back-test, a 90/10 allocation of private to listed real estate produced the highest return per unit of risk.

The concept of duration is key for multi-asset portfolio construction, risk and asset-liability management, especially in an environment where real rates and credit conditions can change rapidly.

This study examines whether U.S. Real EstateInvestment Trusts (REITs) serve as defensive investment vehicles duringperiods of global financial stress by analyzing the impact of the GlobalFinancial Cycle (GFC) on REIT risk premia across sectors.

Real estate investment strategies exist on a spectrum, with core plus falling between core and non-core strategies.

Ares explains why, after years of difficult headlines, it believes commercial real estate deserves a closer look.

Commercial real estate investors are overlooking the chance to boost returns by more than one-third by capturing short- and medium-term opportunities and embedding greater optionality into their decision making. BCG's analysis shows that by not adopting this approach, commercial real estate investors are missing out on…

The central finding of this report is that listed and non-listed real estate are best understood as complementary: each has reached institutional scale, both have de-leveraged structurally since the global financial crisis, and each reaches parts of the market the other cannot fully replicate.

As an estimated US$90 trillion of wealth is transferred across generations, and an ever-growing share of portfolios is dedicated to alternative assets, fund managers will need compelling insights to attract capital into real estate.

The three established approaches—cost, sales comparison, and income—have notable limitations, particularly during periods of market volatility. This report examines potential areas for reform: the suitability of current value definitions, the methodological constraints inherent in traditional approaches, and the imperative for…