Dream Office Real Estate Investment Trust reported a smaller net loss for the third quarter compared to the same period last year, though its funds from operations (FFO) per share declined. The company witnessed a modest rise in occupancy across Toronto's downtown office properties, even as its overall portfolio occupancy slightly dipped. Increased demand from financial institutions helped support leasing momentum in Toronto. The trust continues to focus on mitigating risk, driving redevelopment initiatives, and stabilising its operations amid continued market uncertainty.Read more

UPS and FedEx have grounded their combined fleet of more than 50 MD-11 cargo planes after a fatal crash of a UPS MD-11 in Louisville killed 14 people. The 34-year-old aircraft caught fire shortly after takeoff, with investigators confirming one engine detached mid-roll. Both companies described the move as a precautionary step taken on the manufacturer's recommendation. The U.S. National Transportation Safety Board (NTSB) is leading the probe, with a preliminary report expected within 30 days. FedEx and UPS are now using contingency plans to avoid disruption.Read more

New York City's real estate industry is engaging with mayor-elect Zohran Mamdani amid his plans to freeze rents and boost housing development. Industry leaders are concerned that a rent freeze for rent-stabilized apartments could hinder building maintenance, reduce investment, and strain over 200,000 affordable units already facing financial challenges. Despite this, some developers see potential for collaboration, emphasizing that Mamdani recognizes rising costs and aims to support landlords alongside tenants. The industry is seeking dialogue to implement policies that balance affordability with sustainable development and investment.Read more

British homebuilder Vistry reported an 11% rise in overall sales since July, supported primarily by demand for affordable homes from housing associations, offsetting a slower private market. Sales averaged 0.81 homes per outlet weekly, up from 0.73 last year. The company highlighted the role of government housing support and ongoing investments in boosting affordable housing supply, though uncertainty around the UK Autumn Budget has affected private buyer confidence. Despite cautious private sales, Vistry remains focused on partnerships and reaffirmed its profit growth target for 2025.Read more

Egypt and Qatar entered into a partnership earlier this week to develop a luxury real estate and tourism project along Egypt's Mediterranean coast. Qatari Diar, the real estate subsidiary of Doha's sovereign wealth fund, is set to invest about USD 29.7 billion in the initiative. As part of the agreement, Egypt will receive USD 1.8 billion worth of housing units and 15% of profits after Qatari Diar recovers its investment. The deal is intended to bring in USD 3.5 billion in fresh foreign direct investment, strengthening Egypt's economy and reducing its debt burden.Read more

Americold Realty Trust Inc reported its quarterly revenue slightly above market expectations, even as it recorded a year-on-year dip of 1.6%. The company posted a net loss of USD 11.4 million due to reduced warehouse volumes and increased operational costs linked to Project Orion. Adjusted funds from operations (FFO) per share remained consistent with the previous year at USD 0.35. Analysts maintained a broadly positive stance, with most rating the stock as a 'buy' amid reaffirmed full-year guidance and modest warehouse growth projections.Read more

Dubai's property sector, which has witnessed soaring prices and record investment in recent years, is heading towards a new phase as a massive residential supply pipeline approaches completion between 2026 and 2028. With over 200,000 new units expected, analysts are assessing how this surge will affect market equilibrium. While some foresee moderate corrections, experts suggest that strong rental demand, immigration, and economic growth may cushion the impact. Investors are now re-evaluating strategies amid predictions of selective price adjustments and steady yields.Read more

Global Net Lease, a prominent net lease REIT, reported a decline in its third-quarter revenue owing to recent asset dispositions, including the sale of a multi-tenant retail portfolio. Despite this, the company raised its full-year adjusted funds from operations (AFFO) per share guidance to a range of USD 0.95�0.97, up from its earlier forecast. The REIT also achieved an investment-grade credit rating of BBB-, underscoring improved financial stability, while maintaining its net debt to adjusted EBITDA guidance at 6.5x to 7.1x.Read more

Swedish construction and development company Skanska reported third-quarter earnings that fell below analyst expectations, with operating income of SEK 1.4 billion (around USD 149 million) compared with the anticipated SEK 1.99 billion. The company recorded impairments of SEK 658 million on certain U.S. commercial properties, accounting for 3.4% of its U.S. portfolio. Residential demand in Sweden remains weak, while the Nordic and European construction markets are stable. Shares dropped 4.5% after the results, reflecting investor concerns over property write-downs and declining order intake in its largest construction division.Read more

Minto Apartment REIT reported a slight 1.9% year-on-year decline in its third-quarter revenue from investment properties, primarily due to the sale of its Castleview asset in Ottawa. Despite this, the company�s normalised funds from operations (FFO) per unit increased by 0.6%, supported by improved cost management and occupancy strategies. The REIT announced a 2.9% increase in its annual distribution, marking the seventh consecutive yearly hike. It also outlined plans to reposition between 50 and 70 suites and continue converting furnished suites to unfurnished ones during 2025.Read more