Companies Reporting Before The Bell
• Toyota Motor (NYSE:TM) is estimated to report earnings for its first quarter.
• BP (NYSE:BP) is projected to report quarterly earnings at $1.21 per share on revenue of $54.48 billion.
The great exodus from workplaces caused by the COVID-19 pandemic and the rising adoption of remote or hybrid work is claiming a victim in the market: commercial real estate.
It could be just the start of a prolonged sector turmoil.
In response to a slow pace of employees returning to offices and an increase in investors predicting further declines, share prices for many major office real estate firms have retreated close to their all-time lows.