Deconstruct
The Real Deal’s Suzannah Cavanaugh breaks down the newest, biggest trends and concepts in real estate.
Displaying 1 Episode of Deconstruct with the tag “earnings”.
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New York Community Bank: Canary in the Coal Mine for CRE Pain?
February 5th, 2024 | Season 3 | 22 mins 17 secs
distress, earnings, loans, losses. commercial real estate, nycb, office, regional banks, rent stabilization
New York Community Bank reported a surprise loss in the fourth quarter, took an axe to its dividend and socked away over $500 million for commercial real estate losses. The bank's stock sunk to a 23-year low and other regional lenders fell in response. Is NYCB a red flag or a one-off for CRE distress in the banking space? Deconstruct digs in.