What Real Estate Giants Are Saying About Technology | Q3 Edition

We listened to their quarterly earnings calls so you don't have to

Thesis Driven dives deep into emerging themes and real estate operating models. This week’s letter is a quarterly overview of what publicly-traded real estate companies are saying about technology and innovation in their businesses.

Brookfield (NYSE: BN) and Blackstone (NYSE: BX) were added to this quarter’s coverage

Each quarter, some of the largest real estate firms in the world tell us about their businesses. And we at Thesis Driven listen, with a specific focus on how those firms are thinking about technology, data, innovation, and the future. With Q3 earnings season in the rearview mirror, it’s a great time to analyze what the biggest real estate companies are saying about tech. (You can read Q2’s roundup here.)

To do this, we sampled a representative set of the largest publicly-traded real estate businesses, including REITs and services businesses from the major food groups. Specifically, we covered:

• Essex Property Trust (NYSE: ESS)

• Camden Property Trust (NYSE: CPT)

• AvalonBay Communities (NYSE: AVB)

• Invitation Homes (NYSE: INVH)

• Mid-America Apartment Communities (NYSE: MAA)

• Equity Residential (NYSE: EQR)

• Lennar (NYSE: LEN)

• Simon Property Group (NYSE: SPG)

• SL Green Realty (NYSE: SLG)

• Prologis (NYSE: PLD)

• CBRE (NYSE: CBRE)

• Cushman & Wakefield (NYSE: CWK)

• JLL (NYSE: JLL)

• Vornado (NYSE: VNO)

• Boston Properties (NYSE: BXP)

• Blackstone (NYSE: BX)

• Brookfield (NYSE: BN)

For each, we’ll give a brief overview of how technology was mentioned (if it was) plus a review of key innovation-related themes from this quarter’s earning calls.

Thesis Driven subscribers are welcome to recommend other companies to us to add to the list for next quarter’s coverage.