What’s Hot, What’s Not in Commercial Property with Jason Huljich
5/7/202632 min
Centuria co-CEO Jason Huljich joins Bryce and Ren to unpack how higher rates hit REITs, why construction costs can support rents, and where Centuria is finding opportunities across office, industrial, data centres, healthcare, agriculture and retail.
Thank you to Centuria for sponsoring this episode and helping us keep all of our content free. If you want to learn more about Centuria’s range of ASX-listed and unlisted property funds, head to their website: https://centuria.com.au/equitymates
In this episode:
00:00 — Tariffs, inflation and commercial property
01:16 — What’s changed since Jason’s last visit
02:29 — How rates and inflation flow through property
05:32 — What investors should watch right now
09:01 — Time in the market for commercial property
12:25 — Buying when others are fearful
15:53 — Industrial, logistics and data centres
26:53 — How investors can think about listed vs unlisted property
Stocks and ETFs mentioned: Centuria Office REIT (ASX: COF), Centuria Industrial REIT (ASX: CIP), BlackRock (NYSE: BLK), Telstra Group (ASX: TLS), NVIDIA (NASDAQ: NVDA), Sharon AI (NASDAQ: SHAI), Amazon (NASDAQ: AMZN), Harvey Norman (ASX: HVN), JB Hi-Fi (ASX: JBH)
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Clips
Transcript preview
First 90 secondsAlec Renehan· Host0:00
[beep] Everything you're about to hear is for education and entertainment purposes only. Whilst we are licensed, we're not aware of your personal financial circumstances. Any advice is general advice. Equity Mates operates under Australian Financial Services License 540697.
Bryce Leske· Host0:15
Tariffs, inflation, geopolitical tensions. In today's episode, we're gonna find out what it all means for commercial property and where the opportunities might lie.
Jason Huljich· Guest0:23
Equity Mates.
Bryce Leske· Host0:25
Welcome to Equity Mates, the podcast where we explore what's possible in the world of investing. If you've just joined us for the first time, my name is Bryce, and as always, I'm joined by my equity buddy, Ren. How are you going?
Alec Renehan· Host0:35
I'm very good, Bryce. Very excited for this episode. Uh, one thing that we love about the share market is that it gives you access to more than just shares, and, uh, through different vehicles, you can access all kinds of asset classes. And today we're talking about one of the world's largest asset classes, and at least according to this guest, one of the world's most exciting asset classes.
Bryce Leske· Host0:55
[laughs] [laughs] That's right. We have in the studio co-CEO of Centuria, Jason Hulett. Jason, welcome.
Jason Huljich· Guest1:02
Thanks for having me again.
Bryce Leske· Host1:02
And we are exploring commercial property.
Jason Huljich· Guest1:04
We are.
Bryce Leske· Host1:05
A very exciting asset class. You have $22 billion in assets under management, operating and owning 400 buildings across Australia, so very prominent in the space. And we are gonna unpack what the current market conditions mean for commercial property and where you're trying to find opportunities. A massive thank you also goes to Centuria for sponsoring today's episode. Now, Jason, you, uh, you joined us in October last year. Since then, what's one