A top pick in the hottest REIT sector
Scotiabank analyst Himanshu Gupta went in-depth on the hottest REIT sector: senior housing,
'In the last three weeks, we reached out to 20+ retirement homes owned by CSH [Chartwell Retirement Residences] and SIA [Sienna Senior Living Inc], and posed as someone requiring a suite for their elderly grandmother! … Based on our conversations with marketing teams of various homes, we gathered 4 to 5% renewal rental spreads in 2025 (mostly similar to last year & in some cases slightly better), and very limited/targeted incentives on offer … Market rent growth is key to keep the Seniors Housing story going: We looked at previous cycle peaks of Industrial REITs, U.S. Sunbelt multi-family and CDN self storage - the three darlings during/post COVID. We observed that unit prices/AFFO [adjusted funds from operations] multiples peaked, in and around the same time when market rent growth peaked ... Based on supply-demand backdrop in Seniors Housing, we believe, market rent growth story is likely to sustain for the next few years, and as such Seniors Housing remains our most preferred sector ... CSH (CSH-UN-T) remains our top pick.'
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A nuclear power-focused podcast from BofA Securities emphasized thorium and a more enriched form of uranium,
'While adding capacity to existing plants isn't a major challenge, adding new US plants is more difficult. Jess Gehin from the Idaho National Lab and BofA Global Research's US Utility analyst Ross Fowler join to discuss what may lie ahead. Jess covers how the recent Executive Orders could accelerate the deployment of nuclear and how they've already stimulated activity. Jess also discusses HALEU [High-Assay Low-Enriched Uranium], a more enriched variety of uranium used in some of the small modular nuclear reactors as well as Thorium, a reactor fuel that was studied in the 1960s and which has seen a resurgence of interest. While Thorium could eventually provide the US a domestically sourced nuclear fuel that enables longer term growth in nuclear generation, Jess believes uranium will be the fuel that continues to dominate for the foreseeable future.'
'Dig it - nuclear renaissance looks to the '60s for inspiration' – BofA Securities
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Bloomberg's Edward Harrison sees trouble brewing under the surface of the U.S. economy,
'Ponzi financing has increased dramatically. Investors are chasing the next Amazon.com … Translation: investors have become increasingly comfortable buying shares of companies that can't fund themselves out of their own cash flow. Why is that, you might ask? I believe a lot of it has to do with the proven Silicon Valley model. It's Apple. It's Microsoft. It's Amazon… people are willing to overlook Ponzi financing of smaller public companies, regardless of sector, as they wait for profits to gush out when the companies reach scale. By the numbers, * 74.8% - Percent of small firms with negative sources of cash … If that constant uncertainty and whipsawing of prices finally brings the US economy to a standstill, there's a non- zero risk — I'd call it substantial — that investors' willingness to fund firms with operating budgets that exceed cash flow would diminish swiftly and substantially … What does that mean for big firms and the economy? My view is that it's akin to what we saw when the Internet bubble popped. Many a small internet companies and upstart telecom businesses went bust'
'The Financial Fragility Risks Are Not in the S&P 500' – Bloomberg
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Bluesky post of the day:
https://bsky.app/profile/pkrugman.bsky.social/post/3lttrgdqe7k26
Diversion: ' Midlife Mood Shift? Study Says Anger Drops After 50' – SciTechDaily
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CBC
20 minutes ago
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Globe and Mail
an hour ago
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Advanced safety measures like biometric security and video monitoring are being implemented by governments in the United States, Canada, the United Kingdom, and Germany in response to evolving security concerns in the form of terrorism and other crimes. Other technological forces, such as IoT, AI, and Big Data, are also updating public safety strategies by improving emergency response capabilities and surveillance. Download PDF Brochure@ By Offering, the services segment will grow at the highest CAGR during the forecast period. The service segment is expected to be growing at the highest CAGR in the public safety and security market during the forecast period, mainly due to managed services. This segment is expected to witness substantial growth in demand with the increasing adoption of cloud-based delivery models, such as SaaS, which allows agencies to reduce upfront costs. This, in turn, demands specialized services in supporting programs for digital transformation and laying innovative cross-domain security solutions that embed detection capacities of artificial intelligence (AI), the Internet of Things (IoT), and big data analytics There is an increasing demand for constant monitoring, maintenance, and management of any public safety systems, as more and more agencies turn their attention and strategic priorities to their respective mission-critical applications. That double-digit growth rate of the service segment overall, and especially in managed services, highlights this major player in allowing the penetration of advanced public safety technologies. By Services, the Professional Services segment will grow at the highest market size during the forecast period. The multiple services are offered through the professionals, specialists, and experts in supporting businesses. The professional services encompass design and consulting, training and education, support and maintenance, and installation and integration. Experts utilize advanced expertise, overall approach, and experience for meeting the organization's needs for security. The vendors of services provide individual implementation, risk assessments, and deployment of public safety and security solutions by following industry proven best practices. IBM, Huawei, and Honeywell Technologies are just a few of the leading vendors in the public safety and security market offering professional services. By region, Asia Pacific will grow at the highest CAGR during the forecast period. Security spending in the Asia Pacific region is rising, with the growing intensity of various threats. For example, India, Japan, and Singapore have, each in their turn, established new national cyber-security policies against sophisticated threats. Increasing terrorist and cyberattacks have driven countries like India, China, Australia, Malaysia, and Singapore towards the adoption of advanced public safety and security systems. Extensive surveillance and heightened perimeter systems are the options China can turn to in the pursuit of security in Xinjiang Uyghur Autonomous Region. Due to the rapid urbanization in this region, the primary technologies that will be in demand are sophisticated surveillance, crowd management, and emergency response technologies. Besides, rising crime rates and economic growth help boost law enforcement and security infrastructure spending. In addition, disasters are quite common in the APAC region, so the compulsion toward disaster preparedness solutions is increasing. The ongoing massive infrastructure projects open opportunities for further security improvements in protecting airports, ports, and critical infrastructure. Governments are investing a lot in public safety and advanced technology and training, but the challenge now is to balance it with data privacy concerns. Smart city initiatives with complex security systems and traffic management are on the evolutionary path, with a thrust on cybersecurity due to growing digital dependencies. Improved border security and revamped emergency response services raise concerns regarding mitigating security threats of varied dimensions in this region. Request Sample Pages@ Unique Features in the Public Safety and Security Market The public safety and security market is uniquely characterized by the integration of cutting-edge technologies such as artificial intelligence (AI), facial recognition, drones, and predictive analytics. These technologies enhance situational awareness, automate threat detection, and support real-time decision-making for law enforcement and emergency response teams. A distinguishing feature of this market is its focus on safeguarding critical infrastructure such as transportation systems, energy grids, and public buildings. Specialized surveillance systems, access control, and cyber-physical security measures are tailored to prevent potential attacks or disruptions. The market relies heavily on sophisticated command and control centers that integrate inputs from various security devices and sensors. These systems offer centralized monitoring and management of public safety operations, enabling seamless coordination between police, fire departments, and emergency medical services. A critical aspect of public safety operations is robust and interoperable communication networks. The market includes solutions that ensure secure, real-time communication across agencies and jurisdictions, such as LTE and 5G-based public safety networks, satellite communications, and mission-critical push-to-talk (MCPTT) systems. Major Highlights of the Public Safety and Security Market The public safety and security market is experiencing strong growth due to increasing global threats such as terrorism, cyberattacks, and civil unrest. Additionally, rapid urbanization has amplified the need for intelligent safety systems to manage larger populations and complex urban infrastructure. Governments worldwide are heavily investing in public safety infrastructure as part of smart city projects. This includes funding for surveillance networks, intelligent traffic control, emergency communication systems, and integrated command centers, boosting market demand significantly. A major highlight is the expanding use of AI, machine learning, and big data analytics for proactive threat detection, real-time monitoring, and predictive policing. These technologies are transforming traditional safety models into data-driven, responsive systems. There is a growing trend of public-private collaboration in building and operating security infrastructure. Private technology firms are increasingly working with governments to deploy and manage surveillance, cybersecurity, and emergency response solutions, expanding the market ecosystem. With increasing digitization of infrastructure, the convergence of cyber and physical security has become a focal point. Solutions that integrate cybersecurity with physical access controls and surveillance are gaining traction to address sophisticated hybrid threats. Inquire Before Buying@ Top Companies in the Public Safety and Security Market Cisco (US), Honeywell (US), Motorola Solutions (US), IBM(US), Siemens(Germany), NEC(Japan), Thales(France), Hexagon(Sweden), Ericsson(Sweden), Huawei (China), Atos (France), Idemia(France), General Dynamics(US), ESRI(US), L3harris Technologies (US), Alcatel-Lucent Enterprise(France), Bae Systems(UK), Verint Systems(US), SAAB AB(Sweden), Nice(Isreal), Teltronic(Spain), Secure Passage(Kansas), Fotokite(Switzerland), Onsolve(US), Barrier1 Systems(US), IOTAS(India), Veoci(US), Cityshob(Israel) are some of the key players operating in the global Public Safety and Security market. IBM mainly contributes to public safety and security through the full solution portfolio that targets law enforcement and emergency management agencies. IBM uses state-of-the-art technology in fusing data, analysis, and artificial intelligence to minimize intervention times and facilitate agency coordination. Public safety solutions from IBM aid agencies in overcoming affiliated hurdles, thus helping the agencies in collecting, storing, and analyzing mission-critical data. IBM optimizes solutions for the management of incidents to optimize operations and consumable resources. The underlying key technologies laid down in the baselines of tools promote AI, machine learning, and other innovative tools, which ensures system predictive analysis and automated threat detection. IBM public safety solutions generally enable maximum operational effectiveness in the building of safer communities and improve the effectiveness of public safety. Cisco plays a pivotal role in public safety and security improvement through a wide range of solutions for law enforcement, emergency management agencies, and smart city projects. Cisco is using advanced technology in data integration, analytics, and artificial intelligence to allow for better coordination among agencies and faster response times. Cisco's public safety solutions support numerous challenges through the collection, storage, and advanced analytics of video surveillance and weather information, which supports enhanced situational awareness and decision-making, automated incident detection, real-time situational awareness, secure mobile communications, and video surveillance with access control. Cisco promotes strong cybersecurity in all its products with network, cloud, endpoint security, and advanced threat protection. Honeywell Honeywell is an American multinational conglomerate headquartered in Charlotte, North Carolina. The company operates in four primary business areas: aerospace, building automation, industrial automation, and energy and sustainability solutions. Founded in 1906, Honeywell has evolved into a Fortune 500 company, ranking 115th in 2023. As of 2023, it employs approximately 95,000 people worldwide. In 2023, Vimal Kapur was appointed as the Chief Executive Officer, succeeding Darius Adamczyk, who continues as Chairman. Motorola Motorola Solutions is an American technology and communications company headquartered in Chicago, Illinois. Established as the legal successor to Motorola, Inc. in 2011 after the spinoff of its mobile phone division, the company focuses on mission-critical communications, command center software, video security, and access control solutions. Its product portfolio includes public safety radio systems, body-worn cameras, video surveillance systems, and two-way radios for various markets. As of 2023, Motorola Solutions employs approximately 21,000 people. Siemens Siemens is a German multinational technology conglomerate headquartered in Munich. Founded in 1847, it is Europe's largest industrial manufacturing company, focusing on industrial automation, distributed energy resources, rail transport, and health technology. Siemens operates through principal divisions such as Digital Industries, Smart Infrastructure, Mobility, and Financial Services. As of 2023, the company employs approximately 320,000 people worldwide and reported revenues of around €78 billion. Roland Busch serves as the Chief Executive Officer.
