US Commercial Real Estate Faces 'Apocalypse' as Troubled Assets Surge To $64 Billion: 5 Stocks To Monitor
Portfolio Pulse from Piero Cingari
The US commercial real estate industry is facing distress as troubled assets surge to $64 billion in Q1 2023, a 10% rise from the previous quarter. Retail properties and office buildings are the most troubled sectors, with Manhattan being the most active market for distressed asset sales. Five stocks with significant exposure to the commercial real estate market are SL Green Realty Corp. (SLG), Hudson Pacific Properties, Inc. (HPP), Vornado Realty Trust (VNO), Office Properties Income Trust (OPI), and Douglas Emmett Inc (DEI).
June 23, 2023 | 7:17 pm
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Douglas Emmett Inc (DEI) focuses on office and multifamily properties in high-demand markets such as Los Angeles and Honolulu and could be impacted by the distress in the US commercial real estate industry.
DEI's focus on office and multifamily properties in high-demand markets makes it susceptible to the distress in the US commercial real estate industry. The troubled office buildings sector could negatively impact DEI's portfolio and stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Hudson Pacific Properties, Inc. (HPP) specializes in office and studio properties in West Coast markets and could be affected by the distress in the US commercial real estate industry.
HPP's focus on office and studio properties in West Coast markets makes it vulnerable to the distress in the US commercial real estate industry. The troubled office buildings sector could negatively impact HPP's portfolio and stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Office Properties Income Trust (OPI) owns and operates a portfolio of office buildings primarily leased to government tenants across the US and could be affected by the distress in the US commercial real estate industry.
OPI's focus on office buildings makes it vulnerable to the distress in the US commercial real estate industry. The troubled office buildings sector could negatively impact OPI's portfolio and stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
SL Green Realty Corp. (SLG) is a leading REIT focusing on commercial properties in New York City and could be impacted by the distress in the US commercial real estate industry.
As a leading REIT focusing on commercial properties in New York City, SLG is exposed to the distress in the US commercial real estate industry. With Manhattan being the most active market for distressed asset sales, SLG's portfolio could be negatively impacted.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Vornado Realty Trust (VNO) is one of the largest owners and managers of commercial real estate in the US and could be impacted by the distress in the US commercial real estate industry.
VNO's diverse portfolio of office, retail, and residential properties across the US makes it susceptible to the distress in the US commercial real estate industry. The troubled retail properties and office buildings sectors could negatively impact VNO's portfolio and stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80