The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]
The Canada Pension Plan Investment Board earned an eight per cent return last year but significantly underperformed the 19.9 per cent return of its reference portfolio. The lower return can be explained in part by higher volatility in the stock-focused benchmark portfolio compared with the diversified, long-term return focus for the pension fund, says John Graham, the […]
Significant headwinds in the commercial real estate sector have impacted the number of transactions seen in 2023, leading institutional investors to pursue diversification at home and abroad. The totals for acquisition dispositions of office assets in 2023 were “extremely low” compared to the previous year, says Lewis Gascoigne, an investment consulting principal at Eckler Ltd., […]
The Canada Pension Plan Investment Board and Oxford Properties Group Inc., the real estate arm of the Ontario Municipal Employees’ Retirement System, are selling two downtown office towers in Vancouver for about $300 million, according to reporting by Bloomberg. The investment organizations will sell the buildings, located at 402 Dunsmuir St. and 401 West Georgia […]
After two years of underperformance, global real estate investment trusts are expected to outperform in 2024 due to a decline of supply and resilient corporate valuations, according to a new report from Hazelview Investments. It found global REITs saw a turnaround rally of 18.9 per cent over the last two months of 2023, leading the […]
It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors. “We are in a ‘darkest before dawn’ scenario heading into 2024 for office REITs — there is no denying they are cheap . . . […]
An article on the Canadian Association of Pension Supervisory Authorities’ new risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CAPSA’s risk management guideline adaptable to changes in cybersecurity, ESG: webinar 2. How hybrid workplaces and employees can navigate flu season 3. Canadian employers say competing […]
Investments in office real estate, as a part of total transaction activity, declined by 20 per cent in North America and 50 per cent in Europe and Asia-Pacific in 2022, according to a new report by TD Global Investment Solutions. It found while global office transaction cap rates rose over the past year, private asset […]
Institutional investors are opening the door to the self-storage category to find some relief from a turbulent year in real estate. According to data published in July by the National Association of Real Estate Investment Trusts, self-storage is leading a pack of real estate categories disrupting the balance from traditional options in real estate investments […]
Despite recent uptick in U.S. commercial office real estate landlords defaulting on their loans, the chances of the same trend moving north of the border is low, says Jim Clayton, professor and Timothy R. Price chair in real estate and infrastructure with the Schulich School of Business at York University. Since the onset of the […]