Bullish Global Property. Why Global REITs' 18% FY26 Return Has Further Upside | Julian Campbell-Wood, Resolution Capital

Podcast: Mont Wealth - "Pizz-Spectives" - Investing & Wealth Creation Strategies · Mont Wealth Advisors

Opublikowano: 2026-08-06

Rob Pizzichetta of Mont Wealth speaks with Julian Campbell-Wood, portfolio manager of Resolution Capital Global REITs, reviewing the fund’s ~18% return over 12 months and ~3.5% net alpha versus benchmark. They discuss why global REIT fundamentals look constructive despite higher rates, focusing on rising replacement costs (physical build costs up ~30–40% in 4–5 years plus higher finance costs), moderating new supply, and sector-by-sector rent growth (including seniors housing/healthcare rents growing north of 5%). Julian explains the fund’s bottom-up, sector-led approach emphasizing landlord pricing power, diversified investment-grade REITs, and ~30% portfolio loan-to-value. Portfolio positioning includes overweight housing/healthcare, high-quality retail, selective data centers (favoring retail c...