1. Klepierre, a European Retail REIT with a strong portfolio of shopping malls in central European cities, offers a 6.32% yield and BBB+ rating. 2. Despite impressive fundamentals, growth is expected to be slower with a 4% EBITDA increase in 2024. 3. The company trades below its EPRA NTA, presenting a 10% discount, but US-based REITs offer more attractive opportunities. I rate Klepierre a 'Buy' at €31/share.

1. Alpine Income Property Trust, Inc. reported a comprehensive earnings beat for Q3, leading to higher full-year guidance. 2. The REIT's portfolio occupancy decreased, but average rent per square foot increased, and weighted average lease terms extended. 3. The company's loan book income surged, diversifying and smoothing revenue, with operating expenses dropping due to lower impairment provisions. 4. Valuation metrics show Alpine's forward P/FFO and P/AFFO ratios are below sector averages, indicating a favorable investment outlook.

1. BrightSpire Capital, Inc. has cut its dividend due to minimal capital deployment in the commercial real estate market affected by rising rates. 2. The company's portfolio has shrunk from $3.8 billion to $2.8 billion as it did not redeploy capital from repayments. 3. Management is being conservative, focusing on ensuring cash flow covers dividends before increasing payout rates.