Q3 2024 Income Analytics T200 Reports
14.01.25
Income Analytics is pleased to release its latest T200 reports. Our T200 series quantifies the default risk across the top 200 standard industry classifications (SICs) for the UK, Western Europe and North America. Individual companies are given a score, reflecting their default risk, with a higher score indicating a lower probability of failure or default.
We've often focused on the risk that tenant default poses to investor income streams however our analysis also helps highlight the durability of the revenue that commercial real estate delivers. For instance, the maligned office sector scores between 82-85 out of 100 for tenant risk and is above average in all regions. The living and healthcare sectors, core focus for a lot of recent investment activity, score very well. While the retail sector scores lower, its scores are stable and have improved over the last year.
Related Stories
The Problem with UK REITS
January 13th, 2025, London. Our CEO, Matt Richardson, has been published discussing UK REITS in The Property Chronicle.
Q2 2024 Income Analytics T200 Reports
September 23rd 2024, London. Income Analytics' releases the latest T200 reports showing a lead for Healthcare while Hotels lag.
Divergence within UK Retail Parks
July 29th 2024, London. UK Retail Parks have some strong occupiers, but there are weaker credit risks landlords should look out for.
Office Inflection
July 19th 2024, London. Investors to make sense of the strong credit ratings of many of their typical office tenants, with slowing take-up and falling values across the sector.
Anne Conlan Joins Income Analytics
July 9th 2024, London. Anne Conlan has joined Income Analytics as Account Director to support existing clients.
Income to Drive Total Returns
July 4th 2024, London. Real estate association INREV released a survey showing 79% of respondents believe income will drive return. How are investors ensuring they have strong, stable cashflows?
Q1 2024 Income Analytics T200 Reports
May 22nd 2024, London. Office occupier scores are stable across all regions, while some UK sectors are being hit by the cost of living crisis.
Q4 2023 Income Analytics T200 Reports
March 6th 2024, London. UK retailer scores struggle to improve while European logistics operators trend higher. Healthcare continues to be strong globally.
Income Risk is Specific. Avoid Averages.
Focusing on averages can hid tenant specific risks.
Q3 2023 Income Analytics T200 reports
November 28th 2023, London. A common theme across all our regional T200 reports is a recovery of the leisure sector tenants post-pandemic. They have bounced back from a low base, and typically record INCANS® Tenant Global Scores below their regional averages, but they are the fastest improvers.
Matthew Richardson Interview: Further Corrections and Opportunities to Emerge
The main trends impacting the sector are non-property, external factors, our co-founder & CEO Matt Richardson pointed out when speaking with Real Asset Media at EXPO Real 2023. These are, notably, interest rates, central bank policy and political policy.
Q2 2023 Income Analytics T200 reports
August 22nd 2023, London. The latest T200 reports from Income Analytics (INCANS) shows a mixed picture for retail sector tenants across the UK, Western Europe and North America. In Europe, retailers score below their regional averages, while in North America they trend above the average. The leisure sector has improved but remains below average in Western Europe, while has rebounded after the pandemic to score above average in the UK and North America.
Q1 2023 Income Analytics T200 reports
June 20th 2023, London. The latest T200 reports from Income Analytics (INCANS) shows the UK hospitality tenants continuing to be the best improvers, albeit from a low base after the pandemic. However, their European counterparts have not shown as much improvement. European pubs & restaurant scores have remained static over the last 12-months. In the US however the same tenants are seeing falling scores. Perhaps discretionary spend has been hit harder in the United States. Motor dealerships, a representation of larger discretionary spending, has seen tenant scores (and therefore the likelihood of default) fall across all three regions.
Income Analytics welcomes new team members
Michiel Foekens has joined Income Analytics as Director of Sales to help drive our exciting and ambitious growth plans.
Income Analytics Launches Income Risk Reports “T200”
April 27th 2023, London. The Income Analytics (INCANS) UK T200 report shows hospitality sector tenants are less likely to default than 12 months ago. The sector is not out of danger, with average rates still below the UK all sector average, but there is clear improvement. Pubs & restaurants recorded the largest positive change across all sectors.
Real estate data veteran Mallinson joins Income Analytics
February 6th 2023, London. Income Analytics (INCANS) announced today that Simon Mallinson has been appointed as its Chief Operating Officer. Established in 2020, INCANS is focused on helping clients quantify tenant income risk and minimise future losses. “We are excited Simon Mallinson has joined us as we enter the next stage of our growth” said Matthew Richardson, co-founder and CEO of INCANS. “Simon has a wealth of global experience delivering real-time, actionable data to real estate professionals and is the right individual to reinforce INCANS growth”.