Tom Kennedy
Chief Investment Strategist, J.P. Morgan Asset Management
Ticker
Side
Mentions
Opened
Entry
P&L
Thesis
Theme
Source
Long
May 04
$39.10
-0.1%
The only meaningful investment opportunity in commercial real estate is high-powered industrial space, driven by the need for data centers and onshoring manufacturing, with supply constraints and rising demand.
Other
Long
Mar 05
$55.47
+9.8%
Kennedy notes "Back to work is here" and tech companies are moving back to offices. He states, "Probably the next one to three years office will perform best." There is a supply constraint (no new buildings for 20 years in key areas) combined with increased demand from AI/Tech companies for physical space with power. The 20-25% repricing in assets has already happened, creating an attractive entry point. Long Office REITs (focusing on high-quality, urban operators) as a contrarian value play against the "death of office" narrative. A recession triggers a new wave of layoffs, reducing demand for square footage.
Kennedy notes "Back to work is here" and tech companies are moving back to offices. He states, "Probably the next one to three years office will perform best." There is a supply constraint (no new buildings for 20 years in key areas) combined with increased demand from AI/Tech companies for physical space with power. The 20-25% repricing in assets has already happened, creating an attractive entry point. Long Office REITs (focusing on high-quality, urban operators) as a contrarian value play against the "death of office" narrative. A recession triggers a new wave of layoffs, reducing demand for square footage.
Other
Long
Mar 05
$39.75
+12.0%
Kennedy notes "Back to work is here" and tech companies are moving back to offices. He states, "Probably the next one to three years office will perform best." There is a supply constraint (no new buildings for 20 years in key areas) combined with increased demand from AI/Tech companies for physical space with power. The 20-25% repricing in assets has already happened, creating an attractive entry point. Long Office REITs (focusing on high-quality, urban operators) as a contrarian value play against the "death of office" narrative. A recession triggers a new wave of layoffs, reducing demand for square footage.
Kennedy notes "Back to work is here" and tech companies are moving back to offices. He states, "Probably the next one to three years office will perform best." There is a supply constraint (no new buildings for 20 years in key areas) combined with increased demand from AI/Tech companies for physical space with power. The 20-25% repricing in assets has already happened, creating an attractive entry point. Long Office REITs (focusing on high-quality, urban operators) as a contrarian value play against the "death of office" narrative. A recession triggers a new wave of layoffs, reducing demand for square footage.
Other
Long
Mar 05
$28.31
+20.1%
Kennedy notes "Back to work is here" and tech companies are moving back to offices. He states, "Probably the next one to three years office will perform best." There is a supply constraint (no new buildings for 20 years in key areas) combined with increased demand from AI/Tech companies for physical space with power. The 20-25% repricing in assets has already happened, creating an attractive entry point. Long Office REITs (focusing on high-quality, urban operators) as a contrarian value play against the "death of office" narrative. A recession triggers a new wave of layoffs, reducing demand for square footage.
Kennedy notes "Back to work is here" and tech companies are moving back to offices. He states, "Probably the next one to three years office will perform best." There is a supply constraint (no new buildings for 20 years in key areas) combined with increased demand from AI/Tech companies for physical space with power. The 20-25% repricing in assets has already happened, creating an attractive entry point. Long Office REITs (focusing on high-quality, urban operators) as a contrarian value play against the "death of office" narrative. A recession triggers a new wave of layoffs, reducing demand for square footage.
Other
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