Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "cre"


18 mentions found


As commercial real estate comes under even greater pressure, investors should steer clear of these stocks that are overexposed to the sector, JPMorgan said. Commercial real estate is already facing more challenges this year than other parts of real estate, such as retail or lodging. Last year, office real estate dropped 37.6%, also on a total return basis. Given this, JPMorgan screened for a basket of stocks with direct and indirect exposure to U.S. commercial real estate. JPMorgan also identified pharmacy store chains Walgreens Boots Alliance and CVS Health as having direct exposure to any slowdown in commercial real estate.
The stock market rally is nearing its end as risks related to commercial real estate begin to rise, according to JPMorgan. The bank believes the highs for the stock market have been made in 2023, with further downside ahead. "Commercial real estate stresses appear to be compounding, amplified by banking shocks that could complicate their debt roll," Kolanovic warned. Kolanovic isn't the only one on Wall Street that's concerned about the sky-high debt pile that's coming due for commercial real estate. "Commercial real estate [is] widely seen as next shoe to drop as lending standards for CRE loans to tighten further," Bank of America's Michael Hartnett said last week.
Odds are, commercial real estate is the next shoe to drop for the banking sector after this month's unrest. "Commercial real estate [is] widely seen as next shoe to drop as lending standards for CRE loans to tighten further," BofA's Michael Hartnett said. Regional banks have enormous exposure to commercial real estate loans. But this time around, it is commercial rather than residential real estate that may be in trouble. Are you worried about the impact of commercial real estate on the banking sector and the economy?
New York CNN —Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. Before the Bell spoke with Xander Snyder, senior commercial real estate economist at First American, to find out. Before the Bell: Why should retail investors pay attention to what’s going on in commercial real estate right now? So the health of the market has an impact on the larger economy, even if you’re not interested in commercial real estate for commercial real estate’s sake.
Commercial real estate is probably the next pain point for regional banks and the stock market, according to BofA. The bank noted that US regional banks account for 68% of all commercial real estate loans. The weakness in commercial real estate is evidenced in current market prices for stocks and debt tied to the sector. This is a perfect storm for regional banks because they have so much exposure to commercial real estate loans. According to Bank of America, US regional banks account for 68% of commercial real estate loans, much more than their mega-cap banking peers.
Both Goldman and Fitch did not specify which small lenders were most vulnerable. The total exposure of the U.S. banking system to CRE loans was $2.5 trillion at the end of December, Fitch said. HEADWINDSThe CRE market faces headwinds that could hobble small banks. Rising interest rates have also depressed demand for CRE loans, while weighing on real estate investment trusts (REITs). Goldman's Viswanathan cited several indicators that reflected a weakening market for office real estate: declining occupancy rates, falling appraisal values and rising defaults.
Commercial real estate could be the next danger spot in the wobbly U.S. financial sector, according to Bank of America. One warning sign: Spreads for commercial mortgage-backed securities are at their widest compared with Treasurys since May 2020, said investment strategist Michael Hartnett. "CRE widely seen as next shoe to drop as lending standards for CRE loans to tighten further," Hartnett wrote in his weekly "Flow Show" report of where market money is gravitating. The last Federal Reserve Senior Loan Office Opinion Survey , in January, noted "significant net shares of banks" that reported tightening lending standards for commercial loans. The Bank Term Funding Program reported $53.7 billion in loans over the past month , while the discount window saw $110.2 billion.
It's "business as usual" for PNC , according to Wells Fargo analyst Mike Mayo, who said after an onsite meeting with PNC's CEO that the Pittsburgh-based regional bank is well-positioned for gains. PNC should benefit from a flight to quality," Mayo wrote in a Monday client note. Wells Fargo also believes that funding is strong for PNC, and expects it to see increases in both consumer and commercial deposits. Pricing on loan and deposits may ease incrementally, Mayo adds, which would further benefit PNC. "Before recent events, PNC indicated the move from non-interest bearing to interest bearing deposits had accelerated," Mayo continued.
Office owners like Brookfield, RXR, and Related are in the process of defaulting on office loans. Some of real estate's biggest names have defaulted on their office debt in recent weeks. The delinquency rate for office loans is only 1.83% now, according to Trepp, a firm that researches real-estate debt. Loans come dueOver this year and next year, 24% of commercial real estate loans will be coming due, many of them office loans, per Hendry. Office buildings, from the newest and shiniest Class A towers to the older and less-sexy Class B buildings, were a pretty safe investment, as long as they were in the right locales.
PARIS, Jan 3 (Reuters) - French Prime Minister Elisabeth Borne said on Tuesday that she was more confident over the situation of French energy supplies for the next few weeks, citing lower consumption and an increase in nuclear output capacity. Borne confirmed plans to help French bakers cope with rising energy bills, allowing them to spread the payment of their taxes over time and possibly "the payment of their energy bills for the first months of the year". "I am more confident over the coming weeks," Borne told Franceinfo radio, when asked about energy supplies, adding that she had discussed the situation with energy company EDF (EDF.PA). Last week, the head of the country's CRE energy watchdog, Emmanuelle Wargon said there was no risk to power supplies until at least mid-January as French households and businesses had heeded calls to cut their energy consumption. French grid operator RTE said last week electricity consumption dropped by 8.7% over the past four weeks compared to an average of the same period in 2014-2019.
PARIS, Dec 28 (Reuters) - There is no risk to power supplies in France until at least mid-January, the head of the country's CRE energy watchdog, Emmanuelle Wargon, said on Wednesday. The government has set a target of cutting France's energy consumption by 10% by 2024 from 2019 levels, as part of a wide ranging plan that includes turning off lights and lowering thermostats to avoid power and gas cuts over the winter amid the war in Ukraine. "We remain attentive and vigilant" in case temperatures drop, she said, adding that "until mid-January, we know we won't have problems". Wargon also said that France's nuclear fleet, currently hit by maintenance and repair works, is expected to reach a production capacity of 45 gigawatts (GW) in January. Reporting by Dominique Vidalon; Writing by Ingrid Melander; Editing by Louise Heavens, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
He saw an audiologist who said he needed hearing aids, but they would have cost him more than $6,000. On Monday, for the first time, adults with mild to moderate hearing loss in the US will be able to buy over-the-counter hearing aids. Now, instead of getting a prescription and having a custom fitting with a hearing health professional, adults can buy hearing aids directly from a store or online. Why hearing aids matterHearing aids aren’t just nice to have; they are essential for physical and mental health. Hearing aids are different than glasses; it can take your brain up to four weeks to adjust to hearing in a new way.
PARIS/MADRID/BERLIN (Reuters) - European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war. German buyers briefly reserved capacity on Monday to receive Russian gas via the Nord Stream 1 pipeline, once one of Europe’s major gas supply routes, for the first time since the line was shut three weeks ago. European politicians say that is a pretext and accuse Moscow of using energy as a weapon. Russian gas flows to Europe via Ukraine, although much reduced, have nevertheless continued. ‘NEVER’While French energy group EDF is racing to repair corrosion-hit nuclear reactors, “exceptional” measures this winter could include localised electricity cuts if the winter is cold and EDF’s plans are delayed, Wargon said.
France expected to send gas to Germany from October 10
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: 1 min
PARIS, Sept 19 (Reuters) - France will likely start to export natural gas to Germany around October 10, the head of France's CRE energy regulator said, adding that the watchdog was currently working on tariff issues linked to the reversal of flows at the border crossing. A consultation to fix tariffs is currently underway and will likely last two weeks, Emmanuelle Wargon, the president of the CRE energy regulator, told franceinfo radio. (This story has been refiled to fix a spelling error in the name in the 2nd paragraph)Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
Sursa foto: ProfimediaDe ce migrează pescărușii în orașe și cum s-au adaptat; Explicațiile unui biologPutem auzi pescărușii chiar dacă nu suntem la malul mării. În ultimii ani, păsările s-au adaptat la viața urbană și îi găsim în aproape toate marile orașe. „Au descoperit că pe acoperișurile caselor nu pot să fie atacați de dușmani naturali, ba chiar primesc protecție și mai găsesc și ceva hrană în plus. Îi putem întâlni pe câmp, în spatele tractorarelor când ară, printre ciori și, mai nou, și printre berze. „Mai nou, au început să învețe de la prădători și se organizează și vânează păsări mici în timpul migrației.
Persons: Răzvan Popescu Mirceni, cre, Popescu Locations: Maramureș
Sursa foto: Sky NewsNavalnâi, aflat în greva foamei de la 31 martie, este ameninţat cu alimentarea cu forţaOpozantul politic rus Aleksei Navalnâi, cre se află în greva foamei, la închisoare, de la 31 martie, este ameninţat să fie alimentat cu forţa de către autorităţi, anunţă luni un mesaj postat pe contul său oficial de Twitter, relatează AFP. „El cântăreşte 77 de kilograme”, se arată pe contul @navalny, care precizează că opozantul a slăbit opt kilograme de când a intrat în greva foamei. ”În faţa seriozităţii grevei foamei, administraţia (penitenciară) îl aminţă zilnic să-l alimenteze cu forţa”, se arată în acest mesaj postat pe cont. Alimentarea cu forţa a unui deţinut în Rusia este autorizată de lege şi poate fi realizatpă oral, rectal sau prin intubaţie. ”El nu are în continuare acces la un medic”, se arată în mesajul publicat luni pe contul său de Twitter.
Persons: Aleksei Navalnâi, cre, El, Opozantul, Vladimir Putin, Navalnîi, corupţie, Putin Organizations: Sky News, FSB Locations: Rusia, Moscova, Germania, Navalnâi
Individual, IAE Lille beneficiază de serviciile ce urmează. Centrul de documentare și bibliotecaAici fiecare student are posibilitatea de a împrumuta și consulta mai mult de 15 000 de cărți specializate în management și gestiune. În cadrul acestui centru de documentare, împrumuturile sunt rezervate numai studenților și profesorilor de la IAE Lille. Campusurile universității mai oferă studenților și o viață bogată în activități culturale, civice, de solidaritate, confortul de a desfășura studiile și proiectele datorită celor trei biblioteci și a centrului de învățare. Serviciile de îngrijire și asistență sunt furnizate fără plată în avans, la prezentarea unei carte vitale actualizate și a certificatului de asigurare.
Persons: Laura Guțu, Franța Laura Guțu Organizations: University School of Management, Universitatea, Universitatea din Locations: Franța, IAE Lille, Lille, beneficiem, Universitatea din Lille
PNL și PMP au acumulat cele mai multe voturi la secțiile de votare din Republica MoldovaÎn cadrul scrutinului de duminică, 26 mai, în care cetățenii români și-au ales reprezentanții în Parlamentul European, la secțiile de votare deschise în Republica Moldova cei mai mulți alegători au susținut Partidul Național Liberal (PNL) și Partidul Mișcarea Populară (PMP). La diferență mare vine Alianța 2020 USR-PLUS, care a acumulat peste 3500 de voturi. Lista este completată de Partidul România Unită, cu aproximativ 300 de voturi, Partidul Alianța Liberalilor și Democraților (ALDE), puțin peste 180 de voturi, Partidul Socialist Român cu peste 130 de voturi, și Partidul PRODEMO, puțin peste 100 de persoane. După numărarea a 96% din procesele verbale, PNL a acumulat cele mai multe voturi –26,81% (10 mandate). Grupul Europa Libertății și Democrației Directe (EFDD) a acumulat 56 de locuri, Stânga Unită Europeană /Stânga Verde Nordică (GUE/NGL) 38 de locuri, candidați independenți au acumulat 7 locuri și alte partide 28 de locuri.
Persons: George Simion, Petre Costea, moldovean Iurie Leancă, Manfred Weber, Philippe Lamberts, CRE Organizations: PNL, Parlamentul European, Partidul Național Liberal, Partidul Mișcarea Populară, USR, Partidul Social Democrat, PSD, Partidul Pro România, Partidul România Unită, Partidul Alianța Liberalilor, Democraților, ALDE, Partidul Socialist Român, Alianța USR, Pro România, UDMR, Parlamentul, Partidului Popular European, PPE, Socialiștilor, Alianța Liberalilor, Verzilor, Alianța Liberă Europeană, Europa Libertății, Democrației, Stânga Unită Europeană, Stânga Verde Locations: Republica Moldova, României, România, moldovean, UE, Europa, Europeni, Stânga
Total: 18