Daily Brief Financials: Ho Bee Land Ltd, Phoenix Spree Deutschland, JPMorgan Chase & Co and more

• Scape, a living platform, receives a significant investment of $434 million from Korea’s NPS, boosting its growth and expansion.
• Ho Bee Land makes a competitive bid of $242 million for an Australian builder, directly challenging Proprium Capital in the real estate market.
• Korea’s NPS joins forces with Almanac Realty in a $800 million real estate joint venture, solidifying their presence in the industry.

• Phoenix Spree Deutschland focuses on residential properties in Berlin, Germany, acquiring under-rented apartment blocks to increase rental potential
• The company benefits from the stability of the Berlin rental market, where strict regulations govern rental apartments
• Recent asset sales suggest PSD may be moving towards a full orderly liquidation, potentially resulting in significant returns for investors.

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• The 4Q24 results from JPM are strong with net profit up 50% YoY and 9% QoQ
• The bank shows almost no deposit growth YoY but there is reasonable loan growth
• While non-accrual loans are rising, JPM holds substantially and rising LLR for these