Invesco - Mon, 11/27/2023 - 13:35

Real Estate Equity and Debt Securities Market Indicators

Listed real estate common stock ended the third quarter of 2023 trading at significant discounts to net asset value across most geographies and sectors. Property fundamentals remain resilient across residential, industrial and specialty sectors while the office sector continues to face headwinds in many countries. North America and Asia Pacific regions continue to showcase stronger fundamentals relative to Europe. Real estate valuations in aggregate are less demanding versus the multiple on broader equities. Real estate fixed income yields continue to maintain a spread versus the broader fixed income market.1

1. Source: Invesco Real Estate using consensus data.


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Invesco

Invesco is a leading independent global investment management firm, dedicated to helping insurance investors achieve their financial objectives. We understand insurers have unique investment needs, from optimizing capital efficiency and yield, to managing reserves and reporting. That’s why we offer specialized solutions across a broad set of asset classes and vehicles. With $1.8 trillion in total assets under management,[1] and $56.1 billion on behalf of insurance general accounts,[2] we strive to understand your distinct capital requirements, accounting tax treatment, and risk factors. 

Invesco Advisers, Inc. and Invesco Senior Secured Management, Inc. are investment advisers that provide investment advisory services to Institutional Investors and do not sell securities. Invesco Distributors, Inc. is the distributor for Invesco's retail products. Invesco Advisers, Inc., Invesco Senior Secured Management, Inc. and Invesco Distributors, Inc. are indirect wholly owned subsidiaries of Invesco Ltd.

1 Invesco Ltd. AUM of $1,795.6 billion US as of September 30, 2024
2 As of December 31, 2023 

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