Realty Income Sees Downward Cap Rate Pressure in UK and Europe, Q2 2026
Realty Income's Q2 2026 earnings call indicates that cap rates in the UK and much of Europe show limited upward pressure, driven by strong institutional capital inflows and aggressive bidding, particularly for shopping centers and retail parks. Germany remains the exception where upward pressure could occur; cap-rate formation remains nuanced, with geography, hurdle rates, and cost of capital shaping observed yields.
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