SmartCentres REIT reported a slight fall in Q3 net rental income to CAD 141.3 million, affected by lower residential sales, with FFO per unit decreasing to CAD 0.59 from CAD 0.71 last year. Despite this, strong lease renewals drove 8.4% rental growth excluding anchors, and occupancy remained high at 98.6%. The company is expanding its portfolio with residential projects and two self-storage facilities in Quebec expected to open in 2026. Analysts maintain a cautious stance, while the REIT anticipates continued rental growth for the rest of 2025.Read more

Saudi Arabia's fully state-owned Al Balad Development Company (BDC) has introduced a USD3.6 billion investment portfolio designed to boost the hospitality sector in the historic Al Balad district of Jeddah. The initiative plans to deliver more than 3,300 hotel units ranging from mid-scale to luxury segments over the period from 2025 to 2038, using flexible models including public-private partnerships, investment funds and joint ventures. This move aligns with the broader national aim under Vision 2030 to diversify the economy away from oil by promoting tourism and hospitality. Historically, BDC was established by the Public Investment Fund (PIF) to transform Al Balad into a global cultural and heritage destination.Read more

Inovalis Real Estate Investment Trust (REIT) posted a slight rise in net rental income (NRI) for the third quarter, supported by exchange rate gains and the addition of a new tenant at its Duisburg property. However, adjusted funds from operations (AFFO) remained negative due to higher capital expenditure and tenant improvement costs. The trust continues to face lower occupancy because of strategic vacancies, with plans focused on debt reduction, asset monetisation, and the completion of the Arcueil property sale in the second half of 2026.Read more

Nexus Industrial REIT reported a 1.1% year-on-year decline in net operating income (NOI) for the third quarter, mainly due to property sales as part of its capital recycling program. The dip was partly offset by a 2.9% increase in industrial same-property NOI, which reached CAD 29.5 million. The REIT completed two new development projects expected to generate CAD 6.6 million in annual stabilized NOI. It now forecasts about 3% same-property NOI growth for 2025, lower than the earlier mid-single-digit estimate, reflecting a cautious outlook amid ongoing portfolio transitions.Read more

Anthropic, the AI startup behind Claude models, is set to invest USD 50 billion in U.S. data centers, beginning with Texas and New York and expanding further in the future. The project will create 800 permanent and 2,400 construction jobs as operations commence throughout 2026. Supported by Google's parent Alphabet and Amazon, Anthropic aligns its expansion with national AI priorities, reinforcing U.S. leadership in artificial intelligence. Founded by ex-OpenAI staff, the company serves over 300,000 enterprise clients and is valued at USD 183 billion.Read more

Stratus Properties' Q3 revenue fell 44% to USD 5.0 million due to no real estate sales, with net losses widening to USD 5.0 million. The company plans to sell Lantana Place Retail for USD 57.4 million, expected to close in the fourth quarter, providing liquidity and strategic flexibility. Infrastructure for Holden Hills Phase 1 is nearly complete, setting the stage for homebuilding in 2026. Key financial metrics show an operating loss of USD 8.09 million and negative EBITDA of USD 5.51 million, reflecting the current challenges in property sales.Read more

The Vietnam State Treasury raised 4 trillion dong (about USD 153 million) in its weekly government bond auction, down from USD 158.7 million the prior week. Sales covered only 31 % of the offered bonds. Five-year bonds sold 1.53 trillion dong at a 3.16 % coupon, while ten-year bonds sold 2.5 trillion dong at 3.85 %. No sales occurred for 15- and 30-year maturities. Year-to-date government bond sales stand at 277.6 trillion dong. On the corporate side, issuers have raised 491 trillion dong so far in 2025, with 32 trillion dong maturing in the rest of the year (39.3 % in real estate, 25.2 % in banking).Read more

British utility SSE plans a five-year investment of GBP 33 billion (USD 44.29 billion) to modernize the UK electricity network and expand renewable energy operations. Around 80% of the investment will upgrade regulated electricity networks, with the rest directed toward renewables and flexible generation assets. Funding will come from operational cash flows, increased borrowing, a GBP 2 billion (USD 2.7 billion) equity raise, and asset sales worth GBP 2 billion. The announcement follows a 28% drop in first-half adjusted pretax profit due to lower output and unfavorable weather conditions.Read more

TotalEnergies has agreed to provide Google with 1.5 terawatt hours of renewable electricity from its nearly completed Montpelier solar farm in Ohio under a 15-year power purchase deal. The project, connected to the PJM grid, will power Google's data centres in the state. Executives highlighted that the move strengthens the company's stable revenue streams while supporting major tech energy needs. As part of its U.S. expansion, TotalEnergies is developing a 10-gigawatt portfolio of solar, wind, and battery storage projects, marking a significant push into clean energy.Read more

The U.S. surge in AI data centres is expected to drive a �boom cycle� in energy storage over the next five years, as batteries are increasingly required to stabilize intermittent renewable energy. Global storage demand could rise 40% by 2026, with emerging markets in the Middle East, Latin America, Africa, and Southeast Asia leading growth. Chinese manufacturers hold a strong U.S. market share but face regulatory risks. In China, market-based pricing and potential capacity payments are boosting storage projects, offering profits from price fluctuations and incentivizing battery availability for the grid.Read more