CPPIB earns 8% return, lowers real estate exposure after offices take hit [Financial Post (Toronto, Ontario, Canada)]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Canada Pension Plan Investment Board earned an eight per cent return in the fiscal year ended March, as double-digit gains in stocks, credit and private equity made up for weaker performance in emerging markets and real estate. The fund recorded a five per cent loss on its real estate holdings and blamed high interest rates and work-from-home trends that have damaged the value of office properties globally. Article content Article content “Most of the losses were in the office sector, given the additional impact of changes in workplace trends,” it said in its annual report. The country's largest pension manager again reduced its exposure to property to about eight per cent of total assets as of March 31, down from nine per cent a year earlier. Five years ago, it was 12 per cent. Canada's biggest pension funds have been major owners of real estate, including prime office towers, for
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ALE
News
- ALLETE, Inc. (NYSE: ALE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- ALLETE, Inc. (NYSE: ALE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SHAREHOLDER ALERT: Halper Sadeh LLC Continues to Investigate ALE, AGS, BLBX, NX; Shareholders are Encouraged to Contact the FirmGlobeNewswire
- STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – PRFT, UNIT, ALE, AGSGlobeNewswire
- Here's Why We Think ALLETE (NYSE:ALE) Might Deserve Your Attention Today [Yahoo! Finance]Yahoo! Finance
ALE
Earnings
- 5/9/24 - Miss
ALE
Sec Filings
- 6/14/24 - Form DEFA14A
- 6/6/24 - Form 3
- 6/4/24 - Form 4
- ALE's page on the SEC website