I'm wondering whether there is a way to go one step further than cap value and figure out what the public market is implying in vacancy rate terms ...
Really good FT alphaville article on German RE markets ... balanced thoughtful perspective...
What does this chart tell you about resilience and timing of recovery?
Number of bearish forecasters increasing ... over 40% think this is 4+ quarter recession ... is that a pessimistic 'bridge too far'...
If this comes to fruitition then process of managing a global REIT portfolio is going to change ... alot...
Germany - full dining rebound ...
Sweden - Q1 2020 .... better than expected as a result of less severe lockdown...
Even at 38 this PMI read was better than expected ... may boost Euro
Us recovery trajectory from the ever excellent Yardeni Research .... the red line comes is the sugar rush of recovery ... until you notice that we will finish up some way below where we were at the end of 2019...
