Core Insights - Supermarket Income Real Estate Investment Trust (SUPR) has acquired three established supermarkets in the UK for a total of £97.6 million, enhancing its grocery portfolio [1] - The acquisitions are aligned with SUPR's strategy of targeting resilient grocery locations with strong covenant strength, secured at an average net initial yield of 5.5% [1] Acquisition Details - The largest acquisition is a Tesco store in Aylesbury, Buckinghamshire, purchased for £56.3 million, featuring a petrol station and Click & Collect facilities, with 11 years remaining on the lease [2] - A Sainsbury's store in Sale, Greater Manchester, was acquired for £33.8 million, with 16 years remaining on the lease [3] - A Waitrose supermarket in Frimley, Surrey, was acquired for £7.6 million, operating for over 25 years and including home delivery and Click & Collect facilities [4] Financial Overview - The acquisitions were funded through existing debt facilities, with an expected loan-to-value ratio of around 43% and a weighted average unexpired lease term of 12 years [5] - Exposure to investment-grade tenants has increased to 75%, reinforcing the defensive nature of the portfolio [5] Strategic Outlook - The CEO of SUPR highlighted that these deals mark a "transformational year" for the business, with approximately £400 million of capital expected to be recycled into acquisitions [6] - The company anticipates further growth opportunities as it aims to solidify its position as a leading landlord to grocery tenants [7]

Core Viewpoint - CTO Realty Growth, Inc. has signed an anchor lease with a national retailer, achieving 100% leased occupancy at Marketplace at Seminole Towne Center in Orlando, Florida [1][2][3] Group 1: Lease Details - The new lease covers 48,000 square feet, consolidating 34,000 square feet previously occupied by Big Lots, along with 9,000 square feet of small shop space and 5,000 square feet of new expansion space [2] - The lease has an initial term of 10 years, with the tenant expected to open in early 2027 [2] Group 2: Company Performance and Strategy - The execution of this lease resolves seven out of ten vacant anchor spaces, presenting a mark-to-market releasing opportunity to generate net operating income (NOI) growth [3] - The company is negotiating leases with several prospective tenants and aims for a 40% to 60% positive cash leasing spread across all ten anchor spaces [3] Group 3: Property Overview - Marketplace at Seminole Towne Center spans 320,000 square feet across 41 acres, strategically located along I-4 and SR 417, just over 20 miles north of downtown Orlando [3] - The center is anchored by national retailers such as Target, Burlington, Marshalls, Boot Barn, and Ross Dress for Less, providing high foot traffic and strong visibility [3]

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **European Real Estate** sector, discussing its outlook for 2026 and the performance of various sub-sectors including **Healthcare**, **Industrial/Logistics**, and **Offices** [2][17]. Core Insights and Arguments 1. **Recovery in Asset Values**: The recovery in asset values is underway, but the listed sector has not yet fully reflected this, with significant divergences in stock performance [2][18]. 2. **Sector Valuation**: The European real estate sector is currently trading at a **32% discount** to FY25e EPRA NTA, which is wider than the long-term average of approximately **10%** [7][60]. 3. **Earnings Growth**: Overall earnings in the real estate sector are still in growth mode, although there are varying performances across different segments [21][67]. 4. **AI Impact**: Artificial Intelligence (AI) is driving demand in Data Centres and Offices, with AI firms accounting for **22%** of office take-up in London in 2025, up from **2%** in 2012 [3][27]. 5. **Healthcare Demand**: The demographic shift towards an aging population is creating substantial demand for healthcare services, but supply has not kept pace. Aedifica is positioned to benefit from this trend through its merger with Cofinimmo [4][52]. 6. **Industrial/Logistics Recovery**: The industrial/logistics sector is showing signs of recovery, with new space requirements at their highest since the 2022 downturn. CTP is highlighted as a top pick in this space [5][48]. 7. **Mixed Macro Signals**: The macroeconomic environment is mixed, with rate cuts from central banks aiding funding costs, but rising long-term bond yields pose a headwind for the sector [20][21]. Stock Recommendations - **Outperform Ratings**: The following stocks are rated as Outperform due to their growth potential: - Aedifica - CTP - Gecina - Landsec - TAG - British Land - Merlin Properties - NEPI Rockcastle - Segro [8][67]. - **Market-Perform Ratings**: WDP has been upgraded to Market-Perform, while Covivio has been downgraded to Market-Perform due to valuation concerns [8][68]. Additional Important Insights 1. **Occupancy Trends**: Occupancy rates are improving across various sectors, with a notable recovery in operator profitability in healthcare [4][51]. 2. **Retail Sector Performance**: The retail sector remains strong, with tightening vacancy rates and growing prime rents, particularly in retail parks [39][40]. 3. **Valuation Metrics**: The average recurring EPS yield for the sector is **7.7%**, which is above the long-term average, indicating potential value for investors [7][64]. 4. **Geopolitical Factors**: Geopolitical uncertainties and macroeconomic conditions are influencing tenant demand and investment strategies across Europe [47][55]. This summary encapsulates the key points discussed in the conference call, providing insights into the current state and future outlook of the European real estate sector.

Core Viewpoint - CTO Realty Growth, Inc. has successfully sold the Shops at Legacy North for $78.0 million, reflecting strong market demand and effective leasing strategies [1][2]. Group 1: Transaction Details - The Shops at Legacy North, a 243,000-square-foot mixed-use lifestyle center in Dallas, Texas, was sold for $78.0 million, which translates to $321 per square foot [1]. - The transaction was completed at an approximate low-5% exit cash cap rate, allowing the company to recycle capital into higher-yielding opportunities [2]. Group 2: Financial Strategy - The net proceeds from the sale will be utilized as part of a Section 1031 like-kind exchange, retroactively funding the recent acquisition of Pompano Citi Centre [2]. - Year-to-date disposition volume for the company stands at $85.1 million, including the Shops at Legacy North, with a weighted average exit cash cap rate of mid-5% [3]. Group 3: Company Overview - CTO Realty Growth, Inc. specializes in owning and operating high-quality open-air shopping centers primarily located in high-growth markets in the Southeast and Southwest United States [4].

Group 1 - The business update is presented by PECO, featuring key executives including the Chairman and CEO, President, and CFO [1] - The webcast includes a pre-recorded video of prepared remarks, followed by a live Q&A session [1] - An archived version of the webcast will be available on the Investor Relations website after the presentation [1] Group 2 - The discussion may contain forward-looking statements regarding the company's future business and financial performance [2] - These statements are based on management's current beliefs and expectations, subject to various risks and uncertainties [2] - References to non-GAAP financial measures will be made, with reconciliations available on the company's website [2]

Core Insights - CTO Realty Growth, Inc. has announced the grand opening of Boot Barn at the Marketplace at Seminole Towne Center in Orlando, Florida, enhancing the retail mix of the center [1][2] Company Overview - CTO Realty Growth, Inc. specializes in owning and operating high-quality open-air shopping centers primarily located in high-growth markets in the Southeast and Southwest regions of the United States [4] Retail Center Details - The Marketplace at Seminole Towne Center spans 315,000 square feet across 41 acres and is strategically located along major thoroughfares I-4 and SR 417, approximately 20 miles north of downtown Orlando [3] - The center is anchored by national retailers such as Target, Burlington, Marshalls, and Ross Dress for Less, contributing to high foot traffic and visibility [3]

Core Points - UAB "Janonio 27", managed by AB "Tewox", has completed the construction of a retail park in Utena, which will start operations on December 12, 2025 [1] - The retail park will feature tenants such as "Iki", "Žalia stotelė", and "Sinsay", occupying a total of approximately 3,200 square meters [1] - The total investment in the retail park amounts to EUR 8 million, marking one of Tewox's first projects to become operational [2] - Tewox plans to open three additional projects currently under development in various cities across Lithuania in the first half of next year [2]

Core Insights - Retail chains in the United States are expanding their physical presence, indicating a recovery in retail real estate despite macroeconomic challenges [1] - Retailers occupied 5.5 million more square feet than they vacated in Q3 2025, reflecting a positive shift in the market [1] Group 1: Market Trends - Vacancy rates in retail-property markets are historically low, contributing to a "retail renaissance" where demand for physical retail space is increasing while supply remains limited [2] - 2025 is projected to be one of the lowest years for new retail-space delivery in decades, leading to a concentration of demand in discount, grocery-anchored, and value-oriented chains [3] Group 2: Retail Strategy - Retailers are shifting towards smaller store formats and locations in suburban or neighborhood areas instead of large flagship stores [4] - This strategy aligns with changing consumer behavior, where convenience and proximity are prioritized over large destination malls [5] Group 3: Implications for Investors - The combination of tight supply and renewed demand suggests that acquiring retail properties may become more competitive, leading to higher rents and stronger occupancy rates [6] - Global retail operators and investors may find this an advantageous time to secure locations that support both retail and fulfillment, particularly in resilient essential retail sectors [7]

TORONTO--(BUSINESS WIRE)--Primaris Real Estate Investment Trust ("Primaris†or the "REIT†) (TSX: PMZ.UN) is pleased to provide an update on leasing and redevelopment progress for its former anchor space, following the full disclaimer of all remaining Hudson's Bay Company ("HBC†) leases across its national enclosed shopping centre platform. Primaris now has full control of all 1.3 million square feet (sq.ft.) of former HBC gross leasable area ("GLA†) and 0.5 million sq.ft. of former Sears space, and has ...

Core Insights - CTO Realty Growth, Inc. announced the grand openings of One Life Fitness and Lime & Lemon Indian Grill & Bar at Beaver Creek Crossings, enhancing the retail center's offerings in the Raleigh-Durham metro area [1][2][3] Company Overview - CTO Realty Growth, Inc. specializes in owning and operating high-quality open-air shopping centers primarily located in higher-growth markets in the Southeast and Southwest regions of the United States [5] - The company also manages and holds a significant interest in Alpine Income Property Trust, Inc. [5] Retail Center Details - Beaver Creek Crossings is a 322,000-square-foot retail center situated on 51 acres in the Apex submarket of Raleigh, North Carolina, and is 99% occupied [4] - The center features major tenants including Dick's Sporting Goods, One Life Fitness, Ross Dress for Less, TJ Maxx, HomeGoods, and Old Navy, with four undeveloped outparcel pads available for future development [4]