Real Estate Securities

Investment Approach

PGIM Real Estate's highly experienced and dedicated Global Real Estate Securities (GRES) team employs a disciplined investment approach, focused on:

  • Internal top-down fundamental research, bottom-up stock selection
  • Detailed company research
  • Regional conviction
  • Strict sell discipline
  • Centralized cross-border analysis and risk management

Global Allocation

Senior real estate professionals from across PGIM Real Estate's global organization comprise the GRES Investment Committee. Together, these committee members bring a wealth of public and private real estate expertise to establish strategy-specific global and regional allocations, evaluate country and sector risk, and assess all issues related to portfolio management. Our experienced GRES investment team is then responsible for implementation.

Security Selection

PGIM Real Estate's global footprint and extensive experience investing in the world's private markets enable us to make effective assessments of the real estate companies in which we may invest and identify existing and developing investment trends. Strategically located regional investment teams conduct thorough bottom-up analysis to evaluate and compare individual companies against companies with similar attributes. We further analyze underlying private market values to derive the longer-term values of publicly traded investments.

Portfolio Construction

Portfolios in every investment strategy are constructed based on specific client needs, combined with the Investment Committee's top-down assessments and the regional teams' bottom-up analysis.

Risk Management

In addition to the rigorous analysis that forms the global allocation, security selection and portfolio construction, we continuously monitor global and regional market conditions and regularly assess the abilities of portfolio and fund managers to ensure appropriate investment diversification.