Property Sector a Winner in Japan Reflationary Era
Misui Fudosan is back to the levels where Elliott Mgmt disclosed their 2.5% stake. It rallied to an ATH on the disclosure and has corrected 15-17%...
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The Rate Hike and Capital Flow: 5 Conviction Trades in Asian Real Estate
We analyzed the impact of rate hike to Asia real estate, with recent capital flow and underlying drivers. We recommended SHORT NWD, LINK, and LONG...
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Yield Shock: Navigating the 85% Fed Hike Probability in APAC Real Estate
Core CPI forces an 85% probability of a Fed rate hike, fundamentally shifting global liquidity and ending hopes of an imminent easing cycle. The...
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Aequitas: Japan Hotel REIT Placement - Relatively Large Deal but Not Really DPU Accretive
Japan Hotel REIT (JHR) aims to raise around US$462m to partly fund the acquisition of Hyatt Regency Tokyo. In this note, we will talk about the...
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BOJ Reflation Alpha: Long Japan Hotel REIT, Short GLP J-REIT
BOJ's rate hikes and quantitative tightening aggressively compress yield spreads, punishing long-duration assets while severely rewarding inflation...
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