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Share Name | Share Symbol | Market | Type |
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Prudential Financial Inc | NYSE:PRU | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-1.03 | -0.87% | 117.80 | 119.60 | 117.75 | 119.00 | 1,291,796 | 21:22:02 |
Elevated global real estate pricing continues to be supported by low interest rates and there are still reasons to be optimistic about the outlook for income growth, according to PGIM Real Estate’s 2019 Global Outlook. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190625005600/en/
Dr. Peter Hayes, Global Head of Investment Research, PGIM Real Estate (Photo: Business Wire)
The midyear investment research paper identifies themes and assesses opportunities in an environment where the prospect of a downturn almost appears to have been factored in as an inevitability, and sentiment is under pressure from weaker news on global economic growth.
“The challenge for investors in the current environment is striking the right balance between taking on risk to capitalize on late-cycle growth opportunities and investing in strategies that offer greater downside protection against falling values,” said Dr. Peter Hayes, global head of investment research, PGIM Real Estate. “Downside protection can be achieved not only by investing in debt, but also in lower volatility sectors such as residential.”
According to PGIM Real Estate’s report, current global investment opportunities fall into the following categories:
“The rise of debt investing is a trend that has been consistent across regions,” Dr. Hayes said. “Interest in real estate debt strategies is growing both as a response to a regulatory-driven opportunity that has arisen and as an effective way for investors to protect capital against downside risks. Capital is also being attracted from traditional fixed income investors looking for enhanced return potential.”
In each region, PGIM Real Estate has assessed current conditions, looked at how the cycle is going to play out, and identified investment opportunities that strike the right balance between protecting against risks and generating returns.
For more details, download the paper: PGIM Real Estate Global Outlook: Striking the Right Balance.
About PGIM Real Estate PGIM, the global investment management business of Prudential Financial, Inc. (NYSE:PRU), is one of largest real estate investment managers in the world, with more than $171.2 billion1 in gross real estate assets under management and administration, as of March 31, 2019. Through its PGIM Real Estate and PGIM Real Estate Finance businesses, PGIM leverages a 140-year history of real estate lending on behalf of institutional and middle-market borrowers2, a 49-year legacy of investing in commercial real estate on behalf of institutional investors, and the deep local knowledge and expertise of professionals in 31 cities around the world.
PGIM Real Estate, the real estate investment management business of PGIM, has been redefining the real estate investing landscape since 1970. Combining insights into macroeconomic trends and global real estate markets with excellence of execution and risk management, PGIM Real Estate’s tenured team offers to its global clients a broad range of real estate equity, debt, and securities investment strategies that span the risk-return spectrum and geographies. For more information, visit pgimrealestate.com.
1AUA equals $33.7 billion. 2Includes legacy lending through PGIM’s parent company, Prudential Financial, Inc.
About PGIM and Prudential Financial, Inc. With 16 consecutive years of positive third-party institutional net flows, PGIM, the global asset management business of Prudential Financial, Inc. (NYSE:PRU), ranks among the top 10 largest asset managers in the world** with more than $1 trillion in assets under management as of March 31, 2019. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 15 countries across four continents. For more information about PGIM, visit pgim.com.
Prudential Financial Inc.’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information, please visit news.prudential.com.
**Pensions & Investments’ Top Money Managers list, May 27, 2019; based on Prudential Financial Inc. total worldwide institutional assets under management as of Dec. 31, 2018. Assets under management (AUM) are based on company estimates and are subject to change.
These materials are intended for Institutional and Professional Investors only. All investments involve risk, including the possible loss of capital. Past performance is not a guarantee or a reliable indicator of future results. The views expressed in these materials are for informational or educational purposes only. The information is not intended as investment advice and is not a recommendation about managing or investing assets. In providing these materials, PGIM is not acting as your fiduciary.
© 2019 PGIM is the primary asset management business of Prudential Financial, Inc. (PFI). PGIM Real Estate is PGIM’s real estate investment advisory business and operates through PGIM, Inc., a registered investment advisor. Prudential, PGIM, their respective logos as well as the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. PFI of the United States is not affiliated with Prudential plc, a company headquartered in the United Kingdom. Ref: 19CBLIG-BD9LQ2
View source version on businesswire.com: https://www.businesswire.com/news/home/20190625005600/en/
MEDIA: Caroline Bligh 973-802-6837 caroline.bligh@pgim.com
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