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My Grocery Store Just Passed Go And Collected $200

My Grocery Store Just Passed Go And Collected $200

Kroger and Albertson grocery stores are playing a game of Monopoly 🎲🎲 by annoucing their $25B merge.

Conner Burton
October 23, 2022

What's up Calculated Investors.

Kroger and Albertson grocery stores are playing a game of Monopoly 🎲🎲 by annoucing their $25B merge. Now that they own Boardwalk and Park Place, time to build hotels 🏨 and collect rent from us all...

The almighty Blackstone took an absolute beating in earnings for Q3. Net income coming in at $2.3M (less than 1 cent a share). Compare that to $1.4B the previous quarter ($1.94 per share) and you are looking at a 99% drop in income. Wild times we live in, folks.

CEO Stephen Schwarzman addressed the situation during Blackstone's earnings call Thursday, acknowledging that macroeconomic stressors have, "Created an extremely difficult environment for investors to navigate."

Despite this bleak news, the company still believes its core holdings will stand strong against economic headwinds, specifically in the multi-family rental sector.

Unlike previous downturns, Blackstone's vacancies are low across the portfolio, market supply remains low, and they are less leveraged across the board.

The Department of Labor announced plans to redefine the laws governing independent contractors. While the headlines mostly focus on rideshare drivers like UBER and DOORDASH, this could have sweeping affects in the RE industry for construction workers and realtors.

The fight for employee benefits could increase manning costs for these industires, tightening profits and passing down costs to consumers. We will have to see how it all plays out in the courts.

Let's get into it. 💲🏠💲

Calculated Market

Blackstone earnings take a beating, but company believes holdings remain strong (WSJ)
The coming collapse of downtown office commercial real estate (BP)
How the $25B Kroger-Albertson's 🥬🥬merge could affect CRE (COMMERCIAL)
Investors flock to Florida to buy up damaged assets by hurricane Ian (WSJ)
Home price growth decelerates in Q3 (FANNIE)
Federal Realty CEO discusses outlook of retail REITs. (CNBC)
E-Commerce 📦📦 warehouse market starts to cool (WSJ)
What CRE investors should expect from mid-term elections (GLOBE)
Demand soaring for prefabricated apartment complexes as costs rise (WSJ)
Natural disasters like Hurricane Ian 🌀🌀punish affordable housing initiatives (BISNOW)
Department of Labor takes aim at Independent Contractors (GLOBE)
Diversifying and Deferring with a Deferred Sales Trust (BEST)
Annual price growth declines for US commercial properties in Sept (CONNECT)
PropTech companies are not immune to the "Great Resignation" (PROP)
Amid labor shortage, construction 👷‍♂️👷‍♂️companies calling for immigration reform (BISNOW)
Housing costs and shortages are tailwinds for manufactered housing (GLOBE)
Real estate startups are getting crushed in valuations (BISNOW)
Data centers moving on shore could spark growth in sector (JLL)
Apartment builders didn't get the "housing slump" memo (WEALTH)
Moody's analytics gears up for the future of commercial real estate (REAL)
8th month in a row for declining home sales (CALCULATED)
As US treasuries tumble, some investors say turning point is near (RT)
"CRE Sentiment Index" down as investors worry about interest rates and economic conditions (NAIOP)
Commercial investment in Asia-Pacific down 29% in Q3 amid economic uncertainty (WORLD)