PERE Article: Rising Bankruptcy Levels Put Income at Risk

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.

Why greater disclosure and transparency could help minimise future defaults

INCANS Risk Insight Publication: More data can reduce risk in CMBS markets

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.

Michiel Foekens has joined Income Analytics as Director of Sales to help drive our exciting and ambitious growth plans.

Income Analytics welcomes new team members

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.

Income Analytics Launches Income Risk Reports “T200”

Implications & Strategies For Commercial Real Estate

INCANS Risk Insight Publication Issue 8: Banking Crisis 

We are pleased to announce that we have significantly upgraded our INCANS Asset Due Diligence product

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”.

Real estate data veteran Mallinson joins Income Analytics

Why company credit reports fail to show the whole picture when assessing income risk in commercial real estate.

INCANS Risk INSIGHT publication issue 7: A square peg in a round hole

Great to see our tenant default analysis feature in a recent piece by React News.

Retailer health check: who will be next after Joules?

In a recent article run by EG, Pui-Guan Man looks at how real estate investors and owners are using INCANS® scores to help quantify the future cashflow at risk caused by potential tenant defaults.

How NewRiver is stress-testing its portfolio

Since 2008, commercial real estate has enjoyed an unprecedented bull run in terms of capital value growth. That charge is now over. Today’s economic realities mean that the returns from real estate investments are likely to be “income only” for the foreseeable future. Under such conditions investors need to shift their attention to the quality and duration of their rental cashflows.

UK CRE investment markets go "income only" as yield gap over bonds disappear 

Businesses in the logistics sector are the highest risk tenants, while those in healthcare and education present the lowest risk. These are the findings of the INCANS Top 200 Averages for Q2 2022. 

The ratings, created by Income Analytics, give real estate professionals a likelihood of tenant failure by using advanced statistical modelling. The lower the score, the higher the risk of default. 

The following are most challenged sectors using data to the end of Q2 2022:

Logistics tenants are under pressure while retail woes continue

Our introductory product video gives a useful oversight into our purpose and operations. Income Analytics has a unique and increasingly important role to play in the changing landscape of commercial real estate investment.

Core, prime, opportunistic – what does it all mean? Years of subjective labelling of real estate assets is leading to poor
decision making.

INCANS Risk Insight Publication: Breaking Out Of The Frame

Navigating the post-pandemic economy is turning out to be hard. Ahead are hidden hazards, sharp corners and unpredictable oncoming traffic.
UK inflation rose to 9.1% in May, according to data released today. In the U.S. it is 8.5%, both at 40 year highs and both expected to grow. Energy prices are soaring, and growth on both sides of the Atlantic is doubtful: U.S. first-quarter growth was 0.1% whilst UK GDP fell by 0.3% in April.

Driving with the rearview mirror: CRE needs a new roadmap for recession risks

New data on tenant default risk from Income Analytics has underscored the vulnerability of many logistics occupiers.

Risk of tenant default higher in logistics than retail or leisure

Matt Richardson partakes in a Webinar with MSCI and KanAm Grund to discuss what the industry has learned since the 2008 crash.

What lessons has the real estate
industry learnt, 15 years on from the
Credit Crunch?

INCANS Risk Insight Publication: The Power of Data

Matthew Richardson, Founder and CEO of Income Analytics, said: “We very much welcome the opportunity to work with EG in providing a “best in class” tenant risk solution to their clients. It is an area of the market that has been neglected for far too long, and recent events have only confirmed the need for landlords to better understand their tenants and the challenges they face.”

"The INCANS® Scoring system was set up to answer a simple question – “What is the % probability that a tenant will default during the term of their lease?” We are delighted to be able to offer this capability alongside EG’s extensive data sharing platform.”

Income Analytics partners with EG Radius to supply tenant and asset risk solution for the UK real estate industry

We are pleased to announce the product release of our Top 200 Industry and Property Sector Averages. This is the result of months of analysis by our research team, bringing this data to life for the first time.

Income Analytics releases industry market averages to the platform

We are delighted to announce that we have released a new set of tenant, asset and portfolio level PDF reports. These will be available on the INCANS platform from Monday 7th February 2022 and have been developed in response to client feedback over the last 12 months.

Great to see a packed turnout for the inaugural INCANS Risk Summit held at Savills London HQ. 

Many thanks to all involved, and watch out for our next INCANS Risk Insight newsletter for more market-leading intelligence on the world of commercial real estate risk.

INCANS Income Risk Summit on 25th November. The event is kindly being hosted by Savills. The question we will be addressing is;
-What has the GFC and Covid taught us about risk in real estate? 
-Have we learnt the lessons?

Join us for a virtual event on November 8, where we’ll announce the results of the MSCI UK Quarterly Property Index for Q3 2021. We will then take a focus on income risk in the wake of Covid-19: Matt Richardson, CEO and Co-Founder, Income Analytics will join Will Robson, Global Head of Real Estate Solutions Research, to discuss MSCI’s latest research.

IPF/MSCI UK Property Investment Webinar Q3 2021

In this month's PERE publication René Veerman from MSCI Real Estate writes about how Covid has shown the need for data tools that enable investors to understand the risk that tenant defaults pose to cashflows and hence why MSCI Inc. has invested in Income Analytics and is providing access to the INCANS tenant income risk dashboard to its global client base.

MSCI on calculating the risk to real estate income

Check out this fantastic new video by MSCI Real Estate MSCI Inc. on our partnership and 'how and why 'this is such an exciting and important partnership for the global commercial real estate industry.

MSCI: "Understanding Tenant Default Risk with Income Analytics"

In this quarter’s INCANS Risk Insight, the overall theme is how data will be crucial for allowing us in real estate to make better informed decisions.

INCANS Risk Insight Publication: Unlocking Real Estate’s Data Potential

We are excited to announce that Lucy Baker has joined Income Analytics as our new Account Manager, she will be working closely with all clients as well as our Sales team.

Exclusive data provided to Bisnow by Income Analytics shows it likely means more bad news for landlords, some of whose tenants may now fail to make it through the vital pre-Christmas trading period.

"Why The UK's Supply Chain Crisis Could Be A Mega-Headache For Landlords"

In this blog by MSCI, the relationship between the MSCI UK Indices and the INCANS scores is analysed delivering some fascinating insights

Real estate’s income risk in the wake of COVID-19

"Income Analytics Aiming to Shake Up Real Estate Valuation"

We are delighted to inform you that we have released a new feature on the
Portfolio Income Manager dashboard. This is as a result of feedback from
clients with regards the challenges and cost in time to look back at historical
performance of a portfolio, fund or asset.

Matt Richardson, CEO Income Analytics, is interviewed for the Dun & Bradstreet Power of Data podcast series by Nick White, Head of D&B Accelerate.

The founders of a new proptech venture that has just won backing from MSCI and Savills said UK commercial real estate needs to rethink its approach to cashflow.

"Why We Need To Talk About Your Risky Tenants"

For decades there have been calls 
for a re-think on CRE valuations. 
Now with the perfect storm of a 
data revolution, shorter leases, more 
operating expenses, ESG and Covid, 
this is the time the property valuation 
community could finally accept 
that analysis of the income is more 
important than capital values.

INCANS Risk Insight Publication: Capital Values Exit the Building, Analysis  of Income Enters

MSCI and Savills have led a funding round into Income Analytics, a data technology firm that provides investors with proprietary global rental default risk measures on commercial real estate income (the INCANS Scores) at tenant, asset, fund and portfolio
levels

MSCI and Savills lead funding round into Income Analytics

Real estate investments vehicles are categorised in risk terms according to familiar yet subjective style labels such “core”, “core +”, “value add” or “opportunistic”.  What empirical evidence supports the use of these labels?

"Less Subjectivity Please! Issues With Framing & Subjectivity in Global Real Estate Markets"

Over the last 30 years institutional investors have come to dominate the real estate investment markets in North America, Europe, Australasia and much of China and SE Asia. But this was not always the case. Prior to the mid-1980s, most real estate investment liquidity was generated domestically from local investors — usually through syndication networks and major real estate families. Insurance companies and side-arms of local banks also invested but almost always directly into specific properties.

The financialisaton of global commercial real estate markets

Our 'How to' video on the Portfolio Manager Service

Our mission is to make accessing tenant risk analytics and monitoring on companies, CRE assets, funds and portfolios across the world as easy and intuitive as possible. Today we launch the first in our series of 'How To' videos for our clients. The first shows how to log in, purchase a company report and create an asset/building report. Every time you access your dashboard you get the latest scores and data on your chosen companies and assets. 

Today we are delighted to welcome Tom Carruthers as our new Research Analyst who will be work with our Data Science and Quants team to help deliver our exciting analytics product roadmap.

Commercial real estate could attract billions of pounds of passive capital in the way fixed income and equities do if the sector reported income data more accurately and transparently to investors, according to Matthew Richardson, the chief executive of property data firm Income Analytics.

"Income data transparency key to unlocking billion-dollar inflows of institutional capital into commercial real estate", says property data firm Income Analytics

Track scores & monitor changes to corporate structure and financial health of your tenants 24/7

We are delighted to announce that Chris Elliot has joined us today as Head of Sales. He has great experience in supporting clients through innovative data solutions and is a great addition to our growing 'best in class' team.

Our 'How to' on using our tenant monitoring service.

We are delighted to welcome a new member to Team INCANS this week. Hayley Blackwell has joined as Research & Data Manager and comes with extensive experience of working in commercial real estate with one of the UK's largest property agents. Hayley is part of a best in class team that we are building here at Income Analytics Ltd to support our clients and further enhance the world's first Tenant Income Risk scoring and monitoring system on over 420 million companies worldwide.

IPSX has partnered with Income Analytics Ltd, the Global Tenant Income Risk data platform, to provide comprehensive risk scoring and reports

IPSX and Income Analytics: asset report overview

Income Analytics, a PropTech company based in London, has launched a new set of indices and benchmarks for quantifying real estate income risk.

"Income Analytics Launches Income Risk Indices and Ten-Year Forecasts for Commercial Real Estate Market"

In a low capital growth market commercial real estate becomes a fixed income style investment with a floating capital opportunity attached. But, in the current pandemic, it’s important to understand the occupier, their business environment, along with specific requirements. That need is all the greater in the many parts of the real estate market seeing increasing operating risk for landlords and their investors and lenders. But how do investors, landlords, property professionals and lenders rate, analyse and monitor their income risk
and what tools and data exist to support them in this task?

CREFC Webinar: "How Well Do You Know Your Tenants Income Risk?"

2021 will see commercial real estate tenants will pay rent of more than US$1,400bn. In a low capital growth market commercial real estate becomes a fixed income style investment with a floating capital opportunity attached. But, in the current pandemic, it’s important to understand the occupier, their business environment, along with specific requirements.

INCANS Risk Insight Publication: How Well Do You Know Your Tenant’s Income Risk?

It is the question on every property owner’s mind right now: Are my tenants able to keep paying the rent? 

Tenant Risk Is Everything Today, And These Startups Are Helping You Measure It

In this webinar, our panel of experts offer their views on the different sectors that make up real estate and the differences that we are seeing in income generation. Three different examples of assets are explored to understand these points of differences and how it can affect value.

The Importance of Income Streams When Investing in Commercial Real Estate

The growing popularity of commercial real estate as an investment is hardly surprising given the prevailing central bank policy of a zero-interest rate environment. Under such conditions government and corporate bond yields no longer deliver the required returns so investors have been forced to look elsewhere for a stable and recurring revenue stream.  

INCANS Risk Insight Publication: Quantifying the Risk of Tenant Failure

We are pleased to announce the release of our new Tenant Due Diligence and Asset Due
Diligence reports.