Q3 CRE earnings: Trends across lenders, REITs and brokers
12 Nov 2025
Every quarter, we dig into dozens of CRE earnings calls, tuning in, reading the releases, and looking for what really stands out. This time, we’re taking a different approach. Instead of focusing on individual companies, we’re pulling out the biggest themes across lenders, REITs, and brokers, from credit thawing to where capital is flowing next in 2026.
Resources mentioned:
Chapters
01:51 Lenders' insights and trends
06:41 Retail REIT earnings highlights
11:51 Office sector analysis
18:18 Industrial sector developments
26:30 Multifamily sector review
31:15 Brokerages and asset managers' outlook
41:13 Overarching takeaways
Your hosts
Omar Eltorai
Director of Research
Altus Group
Cole Perry
Associate Director of Research
Altus Group
Resources
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