03 Mar 2026

Mayor Zohran Mamdani and President Donald Trump met again at the White House to discuss housing affordability and student detentions by federal immigration authorities. Mamdani raised concerns over the recent detention of Columbia University student Elmina Aghayeva, who was subsequently released. Housing costs and accessibility remain key topics for both, though challenges persist due to high mortgage rates and limited supply. Mamdani also highlighted cases of four pro-Palestinian students facing deportation, emphasizing human rights concerns amid ongoing criticisms of Trump's immigration and foreign policy approaches.Read more

03 Mar 2026

Goodman Property Trust has proposed transforming from a trust into a corporate entity, a move designed to improve governance, operational flexibility, and investor framework. The proposal, made public this week, reflects the trust's aim to align with corporate standards and strengthen its ability to respond to market opportunities. Goodman Property Trust has a history of actively managing industrial and commercial assets, providing steady returns through lease income and property value growth. The corporatisation plan is expected to undergo investor review and regulatory approvals in the coming months.Read more

03 Mar 2026

Singapore Airlines reported a sharp fall in net profit for the December quarter, mainly due to the absence of a one-time gain recorded last year and losses from its 25.1 per cent stake in Air India. Net profit declined 69 per cent year-on-year to S$505 million, about USD 399 million. However, operating performance remained strong, with record quarterly revenue of S$5.51 billion and a 26 per cent rise in operating profit. Passenger demand stayed firm, though cargo revenues weakened and operating costs increased.Read more

03 Mar 2026

Merlin Properties reported total revenues of EUR 565 million for 2025, alongside an EBITDA of EUR 416 million, up nearly 10% year-on-year. The company generated FFO of EUR 327 million, or 58 cents per share, reflecting a 5.1% increase from the prior year. A dividend of EUR 0.44 per share has been proposed from 2025 results. With a stable FFO outlook for 2026, Merlin Properties continues to demonstrate strong operational performance and effective management of its commercial real estate portfolio, maintaining both revenue growth and shareholder returns amid steady market conditions.Read more

03 Mar 2026

Melbourne Airport has announced a USD 4.5 billion expansion of its international terminal following record passenger growth. The airport recently handled more than 1.26 million international travellers in a single month, the highest in its history. The project will expand check-in, baggage claim and border processing areas, add five new gates and additional aircraft stands, and increase lounge and retail space. Planned in stages, the development will be privately funded and delivered while the airport remains operational, aligning with broader infrastructure upgrades including the third runway.Read more

02 Mar 2026

Turkey has signed preliminary financing agreements worth USD 6.75 billion with six international institutions for the Northern Ring Railway Project, marking the country's largest foreign-funded rail investment. The 125 km corridor will run from Gebze to Halkali via the Yavuz Sultan Selim Bridge, linking Istanbul's two major airports and strengthening rail connectivity between Asia and Europe. Designed to carry 33 million passengers and 30 million tonnes of freight annually, the project aims to address capacity limits currently faced at the Marmaray tunnel crossing.Read more

02 Mar 2026

Neinor Homes SA reported a fiscal year total revenue of 697.5 million EUR, EBITDA of 110.3 million EUR, and net income of 123.4 million EUR, reaching the high end of its guidance. Strong performance was supported by a strategic M&A transaction, reflecting the company's focus on high-end residential development and disciplined financial management. These results underscore Neinor Homes continued market strength and strategic execution in Spain's housing sector.Read more

02 Mar 2026

Murakami-linked shareholders have reduced their stake in Heiwa Real Estate Co to 8.33 % from 9.38 %, according to recent regulatory filings. Heiwa, listed in Tokyo, operates in property leasing and development and has shown steady profit growth with an upgraded full-year earnings forecast and higher dividend guidance. The stake reduction appears to be a strategic portfolio adjustment. Interest in Japan's real estate remains strong due to favorable yields and currency conditions, with the move reflecting measured investment management rather than concern over the company's performance.Read more

02 Mar 2026

Summit Hotel Properties Inc has filed for a mixed shelf program to raise up to USD 500 million, allowing issuance of equity, debt, or other securities. The move is aimed at strengthening the company's financial position, supporting acquisitions, refinancing debt, and funding operational growth. The filing reflects Summit's approach to capital flexibility and strategic portfolio management. By leveraging market opportunities, the company plans to remain adaptable amid changing hospitality market dynamics and travel patterns.Read more

02 Mar 2026

Morguard Corp has entered a strategic partnership with TD Asset Management, acquiring a USD 1.0 billion stake in a USD 5.0 billion multi-suite residential portfolio. The deal is expected to deliver immediate benefits to Morguard and its residential REIT. The portfolio spans key Canadian markets and adds scale to Morguard's existing residential holdings. The collaboration aims to combine Morguard's operational expertise with TD Asset Management's institutional experience, enhancing portfolio performance and tenant services. This move aligns with Morguard's long-term strategy of growing high-quality residential assets and stabilizing income streams.Read more