CSGP - コスタ―・グル―プ （CoStar Group Inc.）

Delinquency levels spike in commercial real estate … 83% of loans won’t be able to refinance at current levels … “Extreme Greed” is driving stocks today … the Nasdaq 100 is stretched thin On Monday, the latest warning shot from the commercial real estate sector sailed across the bow. From Trepp Research: CMBS [Commercial mortgage-backed securities] investors and market participants have been waiting for months for delinquencies to spike. Since last summer, higher rates and lagging office demand have led to expectations of substantially higher delinquency levels. It appears that the tipping point came this month. In May 2023, the overall CMBS delinquency rate shot up 53 basis points to 3.62%. The rate is the highest level since March 2022… The increase in May 2023 was driven by a huge spike in office delinquencies. The office rate jumped 125 basis points to 4.02%. The last time the office rate was above 4% was 2018. At that time, many loans originated in 2006 and 2007 were still outstanding accounting for the high level.

Landlords Face A $1.5 Trillion Bill For Interest-Only Commercial Mortgages Authored by Mike Shedlock via MishTalk.com, Interest-only loans as a share of new commercial mortgage-backed securities issuance increased to 88% in 2021, up from 51% in 2013, according to Trepp… Share of Interest Only Commercial Mortgage Backed Securities Commercial Real Estate Bust A trend to walking away from commercial mortgages is just beginning. The Wall Street Journal reports Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due . Interest-only loans as a share of new commercial mortgage-backed securities issuance increased to 88% in 2021, up from 51% in 2013, according to Trepp. Nearly $1.5 trillion in commercial mortgages are coming due over the next three years. Fitch Ratings recently estimated that 35% of pooled securitized commercial mortgages coming due between April and December 2023 won’t be able to refinance based on current interest rates and the properties’ incomes and values.

CoStar looked at how Simon Property Group is repositioning some of its malls into mixed-use centers. Some U.S. banks are winding down their commercial real estate loan books even if they have to sell at a discount, reports Bloomberg. These are among the must reads from around the real estate investment world to kick off the new week.

Today, CoStar Group, a leading provider of online real estate marketplaces, information and analytics in the property markets, announced that its founder and CEO Andy Florance has signed a commitment letter to set near-term and long-term science-based greenhouse gas emission reduction targets in accordance with the Science Based Targets Initiative (SBTi). SBTi’s science-based reduction targets

CoStar Gr (NASDAQ: CSGP ) has outperformed the market over the past 10 years by 11.49% on an annualized basis producing an average annual return of 21.22%. Currently, CoStar Gr has a market capitalization of $32.07 billion. Buying $1000 In CSGP: If … Full story available on Benzinga.com

Baron Funds, an investment management company, released its “Baron Real Estate Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund rose 6.17% (Institutional Shares) compared to a 4.90% return for the MSCI US REIT Index (the “REIT Index”) and an 8.71% return for the […]

https://www.investing.com/news/stock-market-news/citi-remains-bullish-on-zillow-following-news-of-costars-potential-acquisition-of-move-inc-432SI-2988922

The reported price would be more than three times what News Corp paid for the real estate company in 2014.

NEW YORK — Large shareholders in News Corp on Wednesday applauded Rupert Murdoch’s decision to withdraw a proposal to reunite the owner of Dow Jones and Fox Corp, as News Corp decided to pursue a sale of Move Inc instead. News Corp is in talks to sell Move, which operates the Realtor.com website, to CoStar […]

CoStar Group, which operates a real estate news service, express interest in investing or acquiring News Corp.’s stake in real estate business move, reports Lauren Fischer, Katie Robertson and Benjamin Mullin of The New York Times. Fischer, Robertson and Mullin report, “The CoStar Group, a provider of data and marketing services to the commercial real estate industry, […]

CoStar Group is a long-term revenue growth play in the real estate listing market, with revenue expected to grow fast. Click here to read our analysis of CSGP stock.

While CoStar Group has a very high valuation, I am impressed with its earnings growth outlook. Click here to see why I think CSGP stock is a long-term buy.

J.P. Morgan on Friday initiated coverage on CoStar (CSGP) at Overweight as its revenue and profitability outlook is "attractive".The research firm believes the online real…

WASHINGTON (dpa-AFX) - CoStar Group (CSGP), a provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, said that it will be added…

CoStar Group (NASDAQ: CSGP), a leading global provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, announced today that the company will be added to the NASDAQ 100 Index, effective prior to the opening of trading on Monday, December 19, 2022. Widely recognized as one of the world’s largest preeminent large-cap indexes, the