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Jesse Norcross
  • Jesse Norcross

US Real Estate 3Q25 results/Prologis, Public Storage, Simon Property a...

Q3 was expected to be a quarter where we might see some tariff impact for US real estate issuers. Instead, the companies in our coverage including Prologis, Public Storage, Simon Property Group and WP Carey all reported solid numbers with increased guidance. Companies grew EBITDA and management across all four companies was positive on the outlook. Still, we expect some tariff impact to come, but balance sheets are well placed to absorb any “softening”. Leasing and investment activity across the...

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/Simon Property Group

Real Estate: Simon Property Group 3Q: Positive operating momentum, increased guidance

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/Vesteda and Simon Property Group

Real Estate - Vesteda 1H25 results solid. Simon Property Group 2Q25 shows resilience

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill
Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/Simon Property Group, Vonovia and SSE

Real Estate - Simon Property Group Q4 solid, conservative guidance for 2025. Vonovia ratings affirmed by Moody's, spreads fairly valued

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/Simon Properties, Blackstone office market...

Real Estate - Simon Property group acquires luxury outlets in Italy from Kering. Positive comments from Blackstone's President on global office market

Simon Property Group, L.P.: Update to credit analysis

Our credit view of this issuer reflects its large and diversified portfolio, against its exposure to discretionary consumer spending.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Simon Property Group, L.P. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 19 November 2024 in which we reassessed the appropriateness of the ratings in th...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Downgrading Outlook to Neutral; Upgrading Real Estate and Consumer Staples We are downgrading our long-term outlook to neutral (had been bullish since early-November 2023) due to rapidly deteriorating market dynamics; we still believe the S&P 500 is going through a 1- to 4-month consolidation phase, but odds have increased that this consolidation phase could be a topping pattern. The S&P 500 is initially holding at our expected pullback zone of 5100-5191 that we discussed last week (7/30/24 Com...

Simon Property Group, L.P.: Update to credit analysis

Our credit view of this issuer reflects its consistent and prudent capital strategy, offset by its sensitivity to consumer spending.

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/Engie, SPG, KPN, Proximus and Telefonica

Utilities: Engie: strong 9M23 results leading to higher guidance for YE23

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/Public Storage, Simon Property Group, SES,...

TMT: SES reports results, further O3b mPower delay lower leverage from C-Band proceeds. Spanish state may provide indirect support to Telefonica. Vodafone reached an agreement to sell Vodafone Spain.

Simon Property Group, L.P.: Update to credit analysis

Our credit view of Simon Property reflects its strong operating record, consistent and prudent capital strategy, and still limited visibility on valuations for commercial real estate.

Simon Property Group, L.P.: Update to credit analysis

Our credit view reflects the REIT's strong operating record and prudent capital strategy, while also considering the prevailing macroeconomic conditions and demand for retail real estate.

Simon Property Group, L.P.: Update to credit analysis

Our credit view reflects the REIT's high quality portfolio, prudent capital strategy and strong liquidity offset by evolving demand dynamics and volatility in asset valuations.

Simon Property Group, L.P.: Update to credit analysis

Our credit view reflects its high quality and diversified portfolio, consistent capital strategy, excellent liquidity, and changing demand dynamics for retail real estate.

An unfavourable environment weighs on SIMON PROPERTY GROUP, which sees...

The independent financial analyst theScreener just requalified the general evaluation of SIMON PROPERTY GROUP (US), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date D...

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