Blue Owl Capital (OWL) Fireside Chat summary

Introduction and agenda

• Fireside chat series launched to provide shareholders with a deep dive into the real estate business ahead of Investor Day.

• Focus on the evolution, strategy, and future outlook of the real estate platform, including recent acquisitions and growth.

Background and experience of the speaker

• Marc Zahr built Oak Street into an $11 billion AUM business before joining, focusing on triple net lease strategies.

• Emphasized resilience through financial crises and a track record of collecting rent even during the pandemic.

Current industry trends

• Net lease sector has grown, with a focus on single-tenant, mission-critical assets and investment-grade tenants.

• Inflation hedging and long-duration leases are key differentiators.

• Market volatility and limited credit availability have created buying opportunities.