Product TypeDeep Dive July 8, 2020 premium 1Q20 US Earnings Season Wrap-Up: Reviewing the Covid-19 Impact First-quarter 2020 retail earnings include the negative impact on sales caused by the coronavirus outbreak. We assess the recent performance of US retailers in terms of revenues, earnings per share and comps, considering consensus estimates and year-over-year changes. With retail sectors weathering the Covid-19 crisis in different ways, sales declines are now easing due to stores reopening post lockdown, but the pace of recovery will vary. Read More
Product TypeDeep Dive June 30, 2020 premium America’s Changing Shopping Centers: Part 2—Coronavirus Crisis Could Trigger Long-Delayed Mall Consolidation As US states relax stay-at-home restrictions, several property owners are reopening malls in a phased manner. In this report—the second in our America’s Changing Shopping Centers series—we discuss the challenges that the coronavirus crisis has created for shopping malls through 2020 and beyond.Read More
Product TypeDeep Dive June 24, 2020 premium Retail Innovators: REITs The Coresight Research Retail Innovators series examines how key players and startups are disrupting different retail sectors. In this report, we focus on five disruptors in the REITs sector that are offering innovative data and technology solutions to real-estate owners. We also highlight the ways in which some REITs in the US are introducing innovation, such as by adding entertainment to properties.Read More
Product TypeDeep Dive March 23, 2020 premium 4Q19 US Earnings Season Wrap-Up Fourth-quarter 2019 retail earnings show that many companies across the retail industry saw strong growth. However, our coverage of the Coresight 100 reveals that the CPG and department-store sectors bucked this trend, with the latter continuing to struggle. Companies across the board have updated their guidance due to coronavirus disruption in the supply chain and demand in Asia, but we are yet to see updates based on the spread of the virus to the US, with the nation moving closer to lockdown.Read More
Product TypeDeep Dive March 18, 2020 premium America’s Changing Shopping Centers: Part 1—Where the Mall Stands Now The first report in our series America’s Changing Shopping Centers offers a data-rich exploration of where malls stand now. In particular, we look at how the rationalization of mall space has lagged store closures, suggesting a correction could be overdue.Read More
Product TypeDeep Dive December 17, 2019 premium 3Q19 US Earnings Season Wrap-Up Third-quarter 2019 retail earnings show mixed results across categories. Our coverage of the Coresight 100 reveal most companies beat consensus, but there were sectors that fared much better than others—and luxury was one that did not meet expectations despite recent recovery. Read More
Product TypeInsight Report December 5, 2019 premium The Shopping Center in 2020: Mitigating the Impact of Store Closures As we head toward 2020, we see new opportunities for US shopping centers, impacted by 2019’s wave of store closures. We explore the future of malls by considering a number of key topics, including the slowdown in apparel and increasing consumer demand for entertainment and experiences.Read More
Product TypeEvent Coverage October 4, 2019 premium Brookfield Investor Day 2019: Low-Interest-Rate Environment Will Drive Valuation On September 26, 2019, Brookfield Property Partners hosted its investor day at Brookfield Place in New York City. Read More
Product TypeCompany Earnings Update August 8, 2019 premium Brookfield Property Partners (NASDAQ: BPY) 2Q19 Results: Revenue Increases, FFO Beats Estimates Brookfield reported 2Q19 FFO per unit of $0.38, up 5.6%, beating the consensus estimate of $0.36. Net income was $0.12 per unit, down 82%. Read More
Product TypeCompany Earnings Update May 7, 2019 premium Brookfield Property Partners (NASDAQ: BPY) 1Q19 Results: Beats Consensus by a Penny, Completes Share and Unit Repurchases Brookfield Property Partners reported FFO (funds form operations) that beat consensus estimates by a penny. During the quarter, the company completed one announced plus one another share and unit repurchase.Read More
Product TypeMarket Overview February 12, 2019 premium Sector Overview: Retail REITs — An Industry in Flux For US retail REITs, occupancy rates are improving, vacancies are decreasing and rent asking rates are increasing, but store traffic and other metrics remain negative. REITs are welcoming non-traditional occupants, particularly food. Just 20% of “A” malls generate 72% of all mall sales in the US.Read More
Product TypeCompany Earnings Update February 8, 2019 premium Brookfield (NASDAQ: BPY) 4Q18 Results: Beats Consensus, Announces a $500 Million Repurchase Program Brookfield reported net income of $858 million ($0.51 per unit) versus $958 million ($0.17 per unit) in the year-ago quarter. FFO was $416 million ($0.43 per unit), compared with $286 million ($0.41 per unit) in the year-ago quarter. The increases in FFO in the quarter and year were due to the following factors: Higher investment in core retail and seasonally strong performance in the quarter, along with same-property income growth in the core office business. This strong operating performance more than offset the impact of a higher interest rate environment and negative currency effects.Read More
Product TypeCompany Profile January 1, 2019 premium Brookfield Property Partners (NASDAQ: BPY) The company’s strategy is to enhance the flexibility of its balance sheet, including extending the maturity profile of its debt, reducing its floating-rate exposure, reducing its cost of capital and increasing its access to liquidity; and, to redeploy $1–2 billion of capital from mature assets into new investments, the company’s development pipeline and to repurchase units whose price has fallen below net asset value. Read More
Product TypeInsight Report May 9, 2018 premium Retail Real Estate M&As: A Sign of Renewed Investor Confidence in US Retail? In this report, we examine recent consolidation among retail real estate companies.Read More
Product TypeStore Tracker March 30, 2018 premium Weekly Store Openings and Closures Tracker 2018, Week 13: All 94 Aaron Brothers Stores to Close; Jet.com Gets New President Year-to-date 2018, the number of US store closure announcements stands at 3,258 and the number of store openings is 1,699. Year to date in the UK, there have been 221 store closure announcements and 491 store opening announcements.Read More
