…Let's Talk Global REIT Securities with Rick Romano, Head of PGIM Global Real Estate Securities

…Let's Talk Global REIT Securities with Rick Romano, Head of PGIM Global Real Estate Securities

Author: PGIM July 15, 2025 Duration: 25:15

…Let's Talk Global REIT Securities with Rick Romano, Head of PGIM Global Real Estate Securities

 

Rick Romano, Head of PGIM Global Real Estate Investment Trust Securities, offers insights about the multifaceted nature of hybrid real estate securities and the potential benefits of REITS in investment portfolios.

 

Keshav and Rick highlight how global real estate securities can offer a compelling value proposition for investors. This diverse investment vehicle provides a low barrier to entry into real estate, an asset class distinctly  positioned at the convergence of public and private markets.

 

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Key Takeaways:

 

● The Global Real Estate Securities landscape. [3:16]

● Why now for REITS?. [5:03]

● Geographic Shift: Reallocation from the U.S. to Europe? [8:25]

● The Headwinds and Tailwinds of Global Real Estate Investments. [10:18]

● The Convergence of Public & Private Real Estate Markets. [18:19]

 

*The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. This content should not be construed as investment advice or an offer to purchase or sell any security.

 

Find Out More About Alternative Investing:

 

PGIM Private Alternatives

realestate.investorservices.emea@pgim.com

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PGIM on LinkedIn

 

*Source [10:48]: DrWealth.com, 10 years of REIT performance, as of 19 June 2025

 

Shareables:

 

"Real Estate touches on all aspects of the economy, globally." — Rick Romano, Head of PGIM Global Real Estate Securities #PGIMPodcasts #investing #valueadd

 

"Historically, commercial real estate was cyclical. Now, on the listed markets, you have these big areas of opportunity that are not very cyclical." — Rick Romano, Head of PGIM Global Real Estate Securities #alternativeinvesting #PGIMPodcasts

 

"We went from U.S. exceptionalism quickly to U.S. uncertainty and people wanting to move out of that space." — Rick Romano, Head of PGIM Global Real Estate Securities #alternativeinvesting #valueadd

 

"Real Estate doesn't sit in the centre of the tariff war." — Rick Romano, Head of PGIM Global Real Estate Securities #investing #institutionalnvesting

 

"With supply muted over the next few years, we think we can see some good revenue growth acceleration in more traditional property types."— Rick Romano, Head of PGIM Global Real Estate Securities #investing #alternativeinvesting

 

"It can balance out the volatility in your real estate portfolio by marrying the public and private together." — Rick Romano, Head of PGIM Global Real Estate Securities #PGIMPodcasts #alternativeinvesting #valueadd


PGIM's Speaking of Alternatives offers a clear-eyed conversation about a part of the financial world that often feels shrouded in complexity. This isn't about dry lectures or sales pitches; instead, each episode sits down with seasoned practitioners and thinkers who operate in the trenches of private equity, real assets, hedge funds, and other non-traditional avenues. The dialogue focuses on the practical realities and long-term shifts within these markets, moving far beyond the fleeting news cycle. You'll hear how allocators are actually navigating current economic crosswinds, which structural trends are creating genuine opportunity, and how the very definition of "alternative" continues to evolve. The perspective is intentionally global, acknowledging that compelling strategies and risks can emerge anywhere. By demystifying the jargon and focusing on tangible insights, this podcast serves as a valuable resource for anyone looking to understand the forces shaping portfolio construction today. It’s a monthly dose of nuanced analysis for investors, advisors, and the intellectually curious who recognize that the conventional playbook is rarely sufficient. Tune in for straightforward discussions that respect the sophistication of the topic without losing the listener in unnecessary abstraction.
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