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Banks have never had more climate data. So why is putting it to work still the hard part? A flood depth is now easy to produce. Turning it into a number a credit committee can price, a regulator can accept, and a borrower can act on is where most institutions stall. In our latest insight, Tim Barlow draws on a session he participated in at the GARP Climate and Nature Risk Symposium in London to show where the real bottleneck sits, and it is no longer the science. Read it on firststreet.org (link in comments). #CreditRisk #ClimateRisk #CRFM

One damaged asset shouldn’t be treated as an isolated event. When a property takes a hit from flooding, wildfire, or wind, it offers a clear signal: where else in the portfolio could this happen, and what would it mean for value? Instead of absorbing losses asset by asset, investors are starting to use these moments to reassess broader exposure. Similar properties, shared geographies, and common risk profiles come into focus quickly. Read more in our latest blog: https://lnkd.in/duxAnnad

Insurance is quickly becoming one of the most unpredictable costs in commercial real estate. Since 2017, CRE insurance premiums have increased more than 150%, introducing new pressure on NOI, asset valuations, and investment performance. At First Street, we’ve been analyzing how climate risk is driving these shifts across 120 U.S. markets, connecting insurance pricing directly to financial outcomes. On May 14, we’re hosting a live webinar to walk through the findings from our latest research, The Climate Premium on Commercial Real Estate Insurance, including: - How rising premiums are impacting cash flow and valuations - Where insurance pressure is most concentrated across markets - What this means for underwriting and portfolio strategy Register here: https://lnkd.in/epu8czuJ

Physical climate risk is already embedded in real estate performance, and the distribution of exposure is far from even. Join us for a live webinar on our new asset-level analysis of more than 45,000 properties across 65 REITs in over 60 countries. We'll uncover where risk concentrates, what current and future loss projections suggest for REIT performance, and how investors and operators can incorporate climate exposure into portfolio strategy and capital allocation. Register now: https://lnkd.in/eebC8RqX

Your most exposed assets and your least exposed assets aren't in the same universe of risk, and the gap is already hitting revenue, costs, and valuation. Our latest research applies First Street's physical climate risk framework to the MSCI World REITs Index, modeling damage, downtime, and cash-flow disruption across 45,000+ assets held by 65 REITs in 61 countries. Join our experts to see where the risk concentrates and what it means for your portfolio. Register now: https://lnkd.in/eJBZwReW

Our new research analyzes 45,000+ properties across 65 REITs in 60+ countries, quantifying how floods, wildfires, and wind translate into damage, downtime, and cash flow disruption at the asset level. Hear our experts break down where risk concentrates across portfolios and what it means for capital allocation. Register now: https://lnkd.in/eXARu3dG