Core Insights - The Fund Management at the start of 2025 noted a significant disconnect between the earnings-compounding ability of the real estate sector and market valuations [2] Group 1 - The Third Avenue International Real Estate Value Fund highlighted concerns regarding the disparity in earnings growth and stock prices within the real estate market [2] - There is an emphasis on the potential for value creation in the real estate sector, suggesting that current market prices may not reflect the underlying earnings potential [2]