Senior Associate, Listed Real Estate – Equities Analyst

Company: CPP Investment Board
Apply for the Senior Associate, Listed Real Estate – Equities Analyst
Location: London
Job Description:

Overview

As an Equity Analyst, you will conduct rigorous fundamental research and valuation on a concentrated, long-only real estate portfolio. You’ll lead regional coverage (UK/Europe, with potential exposure to India and the US) and translate analysis into actionable investment ideas. You’ll work closely with cross-functional teams to inform portfolio construction and drive disciplined, evidence-based decisions. This role offers exposure to global real estate markets, collaboration with a high-caliber team, and opportunities to impact a meaningful, long-term investment program.

Pay / Benefits

  • cutting-edge AI tools
  • dedicated learning time
  • practical support to enhance impact

Responsibilities

  • Conduct detailed fundamental research and financial modelling to evaluate opportunities across listed real estate
  • Lead coverage of designated regional subsectors (UK/Europe) with potential coverage of India and the US
  • Develop company-level valuations using long-term cash flow forecasts and relative-value frameworks
  • Monitor industry trends and company developments to inform investment recommendations
  • Prepare investment memoranda and portfolio updates for internal committees
  • Collaborate across Private Real Estate, Active Equities and Listed Real Assets, supporting portfolio reviews, data analysis and performance attribution

Key requirements

  • Relevant equity research or investment experience covering publicly listed real estate companies (REITs and developers) across multiple European sectors
  • Strong financial modelling, accounting and equity valuation capabilities; advanced Excel; familiarity with Capital IQ or similar tools is a plus
  • Genuine interest in investing and a disciplined, fundamentals-driven valuation approach
  • Intellectual curiosity and ability to distinguish key drivers from market noise
  • Adaptability to structured investment processes and to learning the team’s valuation framework
  • Clear analytical and communication skills to present and challenge ideas
  • Collaborative and humble approach with willingness to support team outcomes and travel occasionally
  • Motivation to contribute to a larger purpose in a collaborative, performance-driven environment
  • Intellectual curiosity
  • Analytical communication
  • Collaboration
  • Financial modelling
  • Accounting
  • Equity valuation

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Posted: September 14th, 2026