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‘Darkest before dawn’: Another tough year for office REITs but opportunities may lurk

Published Mon, 24 Feb 2025 01:17:05 GMT

TORONTO — It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors.“We are in a ‘darkest before dawn’ scenario heading into 2024 for office REITs — there is no denying they are cheap … but there are numerous headwinds that office landlords face,” said Michael McNabb, portfolio manager at Purpose Investments Inc., via email.“I think a lot of investors forget that this was the hottest REIT asset class heading into 2020,” he said, when office vacancy rates were extremely tight and investors flocked to the sector for its monthly payouts.But post-pandemic, McNabb said he’s noticed pedestrian traffic in Toronto’s PATH system — an underground walkway network in the downtown core — is still very low on Mondays and Fridays in particular.“The office isn’t dead, but I do believe it has changed.”The COVID-induced work-from-home shift has ravaged the office...

Stock market today: World markets track Wall Street’s decline, eroding last year’s gains

Published Mon, 24 Feb 2025 01:17:05 GMT

World shares slipped on Wednesday after Wall Street started 2024 with a slump, giving back some big gains from last year. Investors are watching for the release of minutes of the Federal Reserve’s last policy meeting later in the day, hoping for signs the central bank will move ahead with interest rate cuts in coming months. Germany’s DAX gave up 0.1% to 16,750.83 as the German jobless ranks increased by roughly 5,000 in December, according to a report Wednesday. In Paris, the CAC 40 slipped 0.6% to 7,486.05. Britain’s FTSE 100 shed 0.1% to 7,714.08. The future contract for the S&P 500 edged 0.2% lower and the Dow Jones Industrial Average lost 0.1%.In Asian trading, Hong Kong’s Hang Seng lost 0.9% to 16,646.41, dragged lower by a 2% drop in technology shares. The Shanghai Composite index gained 0.2% to 2,967.25.Prices of Chinese gaming companies rose, with Tencent Holdings and Netease both adding more than 1% following local reports that a senior official responsible for o...

Daily horoscope for January 3, 2024

Published Mon, 24 Feb 2025 01:17:05 GMT

Moon Alert: There are no restrictions to shopping or important decisions today. The Moon is in Libra.Happy Birthday for Wednesday, Jan. 3, 2024:You are energetic and persistent, and can overcome incredible odds. You’re not a quitter. You hate to be bored. This is a wonderful year to socialize and enjoy life! Your creativity, zest and desire for life will attract wonderful choices to you. Old friends might reappear.ARIES(March 21-April 19) ★★★★Perhaps it’s the fever of the new year, but for whatever reason, you’re pumped to deliver! You make a fabulous impression on others now, no question. You’re keen to travel, study and wrap up important papers, manuscripts and screenplays. You’re working hard to earn money. You want it all! Tonight: Be ready to compromise.TAURUS(April 20-May 20) ★★★★There are two areas of your life that you might have to juggle today: At this time of year, you want a change of scenery, which means you want to travel and “get aw...

Harriette Cole: My boyfriend lied about work to get time to himself. How do I deal with that?

Published Mon, 24 Feb 2025 01:17:05 GMT

DEAR HARRIETTE: My boyfriend lied about going to a work thing and instead went to the movies alone. He later said it was b ecause I’m “too clingy.”Related ArticlesAdvice | Harriette Cole: I was shocked to learn what my son does at school Advice | Harriette Cole: Find the right life story to make your new year better Advice | Harriette Cole: I hurt my leg and have to stay home, and I can’t stand it Advice | Harriette Cole: College got weird, and I’m not sure I want to go back Advice | Harriette Cole: How do I get my wife’s friend to stop with the divorce talk? Hearing this felt like a huge blow. I want to give him some space, but how can I talk to him about the lie without making things worse?What should I say to let him know that the big problem is the lie, not that he thinks I’m clingy? I want to keep things calm between us.— At an ImpasseDEAR AT AN IMPASS...

Miss Manners: If party guests arrive early, can I make them wait in the car?

Published Mon, 24 Feb 2025 01:17:05 GMT

DEAR MISS MANNERS: I have two friends who always arrive between 20 and 45 minutes early for parties. They send me a text when they arrive, saying that they will wait in their car until the appointed time.Related ArticlesAdvice | Miss Manners: We saw what was happening and fled the New Year’s party. Was that rude? Advice | Miss Manners: Which fork should I use on rude people? Advice | Miss Manners: I’m hearing more vulgar talk from women. Have the rules changed? Advice | Miss Manners: What can I do when people refuse to hear my needs? Advice | Miss Manners: She’s playing the victim, but it was her rudeness that set me off It seems rude to respond that yes, they may wait in the car, so instead, I invite them to come in while I finish getting things ready. Knowing this always happens, I try to have everything ready an hour early — but then, by the time the other guests start arriving...

From ‘Abbott Elementary’ to ‘Curb Your Enthusiasm,’ when will your favorite TV shows return in 2024?

Published Mon, 24 Feb 2025 01:17:05 GMT

A new year typically means that your favorite television shows are about to return with fresh episodes.However, this year is extra exciting because countless shows have been on hiatus since last year’s Hollywood strikes.Below are some highlights of returning series and brand new shows on the horizon in 2024:Jan. 3:“I Can See Your Voice” Season 4 on FOXJan. 4:“The Brothers Sun” Season 1 on NetflixJan. 5:“RuPaul’s Drag Race” Season 16 on MTVJan. 7:“All Creatures Great and Small” Season 4 on PBSJan. 8:“Antiques Roadshow” Season 28 on PBSJan. 9:“Big Little Brawlers” Season 1 on DiscoveryJan. 10:“Echo” Season 1 on Disney+Jan. 11:“Ted” Season 1 on PeacockJan. 12:“Criminal Record” Season 1 on Apple TV+Jan. 14:“True Detective” Season 4 on HBO“Monsieur Spade” Season 1 on AMCJan. 16:“Death and Other Details” Season 1 on HuluJan. 17:“Chicag...

Osaka’s first tournament as a mom ends in a loss to 3-time winner Pliskova in Brisbane

Published Mon, 24 Feb 2025 01:17:05 GMT

BRISBANE, Australia (AP) — A loss didn’t bother Naomi Osaka at the Brisbane International as much as the missed opportunity for more matches ahead of the year’s first Grand Slam tournament.The four-time major winner’s first tournament since becoming a mother ended in a 3-6, 7-6 (4), 6-4 second-round loss Wednesday to three-time Brisbane International champion Karolina Pliskova.Osaka won her first match at the elite level since late 2022 on Monday in straight sets against Tamara Korpatsch. After that win, she said the birth in July of her daughter, Shai, and the changes to her mindset since becoming a mother had given her a better perspective on tennis.A second-round encounter featuring two former No. 1-ranked players was a step up in tempo and a better indication of how Osaka’s preparations are going for the Australian Open starting Jan. 14 in Melbourne.“The week is definitely shorter than I wanted it to be,” Osaka said in a news conference. “I feel like I’m ...

Bucknell plays conference foe Holy Cross

Published Mon, 24 Feb 2025 01:17:05 GMT

Holy Cross Crusaders (3-10) at Bucknell Bison (3-10)Lewisburg, Pennsylvania; Wednesday, 7 p.m. ESTFANDUEL SPORTSBOOK LINE: Bison -6; over/under is 134.5BOTTOM LINE: Jack Forrest and the Bucknell Bison host Joseph Octave and the Holy Cross Crusaders in Patriot League action.The Bison are 1-4 in home games. Bucknell is 0-2 when it wins the turnover battle and averages 12.7 turnovers per game.The Crusaders are 1-5 on the road. Holy Cross is 1-2 in one-possession games.Bucknell is shooting 42.4% from the field this season, 4.4 percentage points lower than the 46.8% Holy Cross allows to opponents. Holy Cross averages 66.2 points per game, 5.6 fewer points than the 71.8 Bucknell allows.The matchup Wednesday is the first meeting of the season for the two teams in conference play.TOP PERFORMERS: Josh Bascoe is averaging 8.9 points and five assists for the Bison. Forrest is averaging 15.6 points and 5.5 rebounds over the past 10 games for Bucknell.DeAndre Williams is averaging 3.9 points fo...

LIU takes on Wagner following Strickland’s 27-point outing

Published Mon, 24 Feb 2025 01:17:05 GMT

Wagner Seahawks (6-6) at Long Island Sharks (1-11)New York; Thursday, 7 p.m. ESTBOTTOM LINE: LIU hosts the Wagner Seahawks after Tai Strickland scored 27 points in LIU’s 86-69 loss to the Albany (NY) Great Danes.The Sharks have gone 0-1 at home. LIU ranks ninth in the NEC with 10.3 assists per game led by Eric Acker averaging 3.5.The Seahawks are 3-5 on the road. Wagner is fourth in the NEC with 12.8 assists per game led by Melvin Council Jr. averaging 3.4.LIU scores 62.8 points per game, equal to what Wagner allows. Wagner’s 37.6% shooting percentage from the field this season is 10.0 percentage points lower than LIU has given up to its opponents (47.6%).The Sharks and Seahawks face off Thursday for the first time in conference play this season.TOP PERFORMERS: Strickland is scoring 12.7 points per game and averaging 3.5 rebounds for the Sharks. Tana Kopa is averaging 2.0 made 3-pointers over the last 10 games for LIU.Tyje Kelton is averaging 7.4 points and 5.5 rebounds ...

San Diego hosts Saint Mary’s (CA) following Hayes’ 21-point showing

Published Mon, 24 Feb 2025 01:17:05 GMT

Saint Mary’s Gaels (9-6) at San Diego Toreros (10-5)San Diego; Thursday, 11 p.m. ESTBOTTOM LINE: San Diego hosts the Saint Mary’s Gaels after PJ Hayes scored 21 points in San Diego’s 78-65 win over the Westcliff Warriors.The Toreros are 9-1 in home games. San Diego ranks fifth in the WCC with 34.8 points per game in the paint led by Wayne McKinney III averaging 7.3.The Gaels are 1-0 in road games. Saint Mary’s (CA) is 2-1 in one-possession games.San Diego averages 72.9 points, 14.4 more per game than the 58.5 Saint Mary’s (CA) gives up. Saint Mary’s (CA) averages 70.3 points per game, 1.5 fewer than the 71.8 San Diego gives up to opponents.The Toreros and Gaels square off Thursday for the first time in conference play this season.TOP PERFORMERS: McKinney is averaging 14.6 points, 3.1 assists and 1.5 steals for the Toreros. Hayes is averaging 2.0 made 3-pointers over the last 10 games for San Diego.Aidan Mahaney is scoring 12.7 points per game and ...