Global Real Estate Valuation Sheet_Key valuation metrics_ over 200 real estate companies

Key Points Industry or Company * Global Real Estate Valuation: The report focuses on the global real estate industry, providing valuation metrics and analysis for over 200 real estate companies/REITs under UBS coverage. * Regional Focus: The report includes regional summaries and comparisons for key pricing metrics, performance, and dividend yields across various regions including the United States, Europe, Hong Kong and Singapore, Japan, Australia and New Zealand, China, India, Indonesia, Malaysia, Middle East, Philippines, Vietnam, Thailand, and Latin America. Core Views and Evidence * Valuation Metrics: The report presents key valuation metrics such as discount to NAV, P/B, PE, EV/EBITDA, dividend yield, and gearing metrics for the global real estate universe. * Performance: The report highlights recent performance data, including best and worst performing stocks, by region and sector. * Dividend Yields: The report provides dividend yield data for various real estate companies, indicating the attractiveness of dividend income for investors. * EPS Growth: The report forecasts EPS growth for the global real estate industry, highlighting potential growth opportunities. * Leverage and Balance Sheet: The report analyzes leverage and balance sheet metrics for real estate companies, assessing their financial health and risk profile. Other Important Points * Analyst Team: The report is prepared by a team of analysts with expertise in global real estate research. * Conflict of Interest: UBS may have a conflict of interest due to its business relationships with the companies covered in the report. * Investment Decision: The report should be considered as one of many factors in making an investment decision. Key Metrics * Global Real Estate Universe: As of 3rd January close, the universe under coverage is trading at a 9.5% discount to our NAV estimate, a 2025E P/E of 18.7x, a 2025E DPS yield of 4.0%, and we are forecasting 2024-25 EPS growth of 6.2%. Net debt to total assets is 31%. * Regional Performance: The report provides a detailed analysis of performance by region, highlighting the best and worst performing stocks and sectors. * Dividend Yields: The report provides dividend yield data for various real estate companies, indicating the attractiveness of dividend income for investors. * EPS Growth: The report forecasts EPS growth for the global real estate industry, highlighting potential growth opportunities. * Leverage and Balance Sheet: The report analyzes leverage and balance sheet metrics for real estate companies, assessing their financial health and risk profile.