Property Portfolio Research Articles

Challenges of International Investment in Real Property Portfolio in Nigeria

A real estate portfolio enables investors to diversify their investments and mitigate risk, thereby achieving consistent income through rental yields, property value increases, and various investment returns. It presents opportunities for long-term wealth accumulation and financial stability. Moreso, a foreign investor who is looking to invest in Nigeria has these goals in mind, with an understanding that an effectively managed portfolio can improve cash flow and provide tax advantages. This paper investigates the challenges associated with international investment in Nigeria's real estate sector, which is important for economic advancement yet presents numerous challenges for foreign investors. The study introduces both global and local perspectives and outlines the nature of international real estate investments and their importance to Nigeria's economy. It identifies and analyses the primary challenges encountered by international investors, including economic factors such as inflation and currency fluctuations, legal and regulatory challenges like land tenure issues, and political instability characterised by policy changes and corruption. Additionally, the paper addresses cultural and social hurdles, such as language differences and local perceptions of foreign investment, along with infrastructural shortcomings, including inadequate urban planning and insufficient facilities. It was recommended that reforms should aim to stabilise the economy, enhance legal clarity, promote political stability, and improve infrastructure. The conclusion highlights the necessity for a comprehensive strategy to attract and retain international investors, detailing measures to alleviate challenges and create a favourable environment for real estate development in Nigeria.

Cork Façades as an Innovative and Sustainable Approach in Architecture: A Review of Cork Materials, Properties and Case Studies.

Façades give the first impression of a structure, reflecting the overall aesthetic appeal, architectural styles, cultural influences, and technological advancements. Emphasis on sustainability is increasing, with a shift towards eco-friendly and energy-saving materials, triggered by decreasing the environmental impact of construction. Cork is a green competitive material for various engineering and design applications due to its biological formation, sustainable production and a portfolio of properties including low density, impermeability, viscoelastic behaviour and high thermal insulation that derive from its cellular and chemical features. This work presents cork materials used in building façades and their properties, also giving information on cork production and processing into cork-based products as a review of the existing published research, while also identifying knowledge gaps and further research needed. Historical examples of cladding of constructions with raw cork are given, while the contemporary innovative use of cork façades was triggered by some designs of well-known architects with outdoor application of expanded cork agglomerates. Examples of different historical and contemporary constructions were assembled and critically assessed by the authors. The aim is to give integrated information of cork as a natural, renewable and sustainable material to raise the interest of designers, architects and engineers to explore cork, blending aesthetics with environmental responsibility, targeting a more sustainable and resilient built environment.

Towards a National Heritage Climate Change Risk Assessment Hacia una Evaluación del Riesgo de Cambio Climático del Patrimonio Nacional

ABSTRACT Climate change is one of the greatest threats to cultural heritage. This work develops a climate change risk assessment (CCRA) methodology, assessing large portfolios of properties spread over a wide geographic area. Climate hazards, exposure and vulnerability metrics are identified, and results from two case studies presented to highlight the application of the national CCRA. How a national CCRA fits in a wider context is discussed along with improvements and further work. This method helps understand the impact of climate change across a large estate, supports investment prioritisation and climate informed decision making to increase heritage resilience.

Strong yet Tough Catalyst-Free Transesterification Vitrimer with Excellent Fire-Retardancy, Durability, and Closed-Loop Recyclability.

Despite great advances in vitrimer, it remains highly challenging to achieve a property portfolio of excellent mechanical properties, desired durability, and high fire safety. Thus, a catalyst-free, closed-loop recyclable transesterification vitrimer (TPN1.50) with superior mechanical properties, durability, and fire retardancy is developed by introducing a rationally designed tertiary amine/phosphorus-containing reactive oligomer (TPN) into epoxy resin (EP). Because of strong covalent interactions between TPN and EP and its linear oligomer structure, as-prepared TPN1.50 achieves a tensile strength of 86.2MPa and a toughness of 6.8MJm-3, superior to previous vitrimer counterparts. TPN1.50 containing 1.50 wt% phosphorus shows desirable fire retardancy, including a limiting oxygen index of 35.2% and a vertical burning (UL-94) V-0 classification. TPN1.50 features great durability and can maintain its structure integrity in 1M HCl or NaOH solution for 100 days. This is because the tertiary amines are anchored within the cross-linked network and blocked by rigid P-containing groups, thus effectively suppressing the transesterification. Owing to its good chemical recovery, TPN1.50 can be used as a promising resin for creating recyclable carbon fiber-reinforced polymer composites. This work offers a promising integrated method for creating robust durable fire-safe vitrimers which facilitate the sustainable development of high-performance polymer composites.

Real-world uptake of an innovative pupil expander device for cataract surgery: Implementation lessons learnt.

Cataract surgery in the eyes, where the pupil does not dilate despite using eye drops, is fraught with vision-threatening complications. About 11 per cent of eyes undergoing cataract surgery have non-dilating, small pupils. The increasing prevalence of benign prostatic hyperplasia (BPH), hypertension, diabetes and medications used for the same are the contributing factors. The recent Food and Drug Administration (FDA) approval for the use of miotic agents in the treatment of presbyopia will lead to a further rise in the number of non-dilating pupils. While pharmacological agents and other methods have been used, mechanical pupil expander devices are the only fail safe option. However, available devices had a steep learning curve and limitations which made them difficult to use, unpredictable and unsafe. With its patented single plane, hexagonal, notches and flanges design, the US FDA registered B-HEX Pupil Expander (Med Invent Devices Pvt. Ltd., India) overcame these limitations and fulfilled an unmet need. The B-HEX is machinable, rapidly produced, consistent, easy to use, safe, and affordable. Despite such advantages, implementation hurdles have restricted its availability to healthcare systems worldwide. Peer acceptance has been steadily growing, with the B-HEX becoming the market leader in India, as evidenced by numerous publications, videos and papers presented at international conferences and comments from opinion leaders endorsing its use. However, impractical regulatory requirements and resource constraints remain a great impediment to the global distribution of this novel invention. This has denied many patients the benefits of a superior and more affordable option. Though value continues to be added to the B-HEX by maintaining a strong intellectual property portfolio with internationally granted Patents and Trademark, increasing its user base, and garnering support from key opinion leaders, only a collaboration with the right partner will help scale up the global reach and make it a leader in the global market.

The strategic importance of Australian farmland as a property sector for institutional investors

PurposeFarmland is an important property sector that has attracted the attention of institutional investors globally in recent years. This paper examines the risk-adjusted performance and portfolio diversification benefits of Australian farmland in a portfolio over the eight-year period of Q2:2015–Q2:2023, highlighting the unique property management dimensions to this property sector for its effective role in an institutional investor's property portfolio.Design/methodology/approachUsing the quarterly ANREV Australian farmland index over Q2:2015–Q2:2023, the risk-adjusted performance and portfolio diversification potential of Australian farmland is assessed. Constrained mixed-asset portfolios are used to assess the potential added-value role of Australian farmland in a mixed-asset portfolio. Analyses are also done for the farmland sub-sectors of annual farmland and permanent farmland.FindingsAustralian farmland is seen to show strong risk-adjusted performance but at a much higher risk level than that seen for direct property. Diversification benefits from Australian farmland are also evident, with an important role by Australian farmland seen in the mixed-asset portfolio. Specific farmland property management strategies are identified for the effective inclusion of farmland in an institutional investor's property portfolio, including the potential benefits towards net zero carbon strategies.Originality/valueThis is the first research that provides an independent empirical examination of the strategic importance of Australian farmland property for institutional investors using the institutional investment-grade ANREV Australian farmland database, from both an investment and environmental perspective. The unique property management implications for Australian farmland property are also highlighted, including the potential role of Australian farmland in net zero carbon strategies by institutional investors.

Triple-net leased property portfolios and operational efficiency: Evidence from the U.S. REIT market

Triple-net leases are legal agreements by which tenants, beyond rent payments, are responsible for operating expenses such as real estate taxes, insurance, and maintenance costs. We examine the relative operational efficiency of Real Estate Investment Trusts (REITs) holding property portfolios consisting of majority triple-net leases. Results suggest REIT holding triple-net leased portfolios are more operationally efficient than their counterparts. Our results suggest that selecting proper lease expense provisions specifying who carries the obligation of operating expenses is a determining factor of REIT operational efficiency.

Judged by Their Deeds: Outcomes for Properties Acquired by Contract Sellers Following the Foreclosure Crisis in Detroit

Prior research has documented the reemergence of predatory land contracts in majority-Black neighborhoods in the wake of the foreclosure crisis. Though land contracts facilitate property transfers involving lower-value properties and credit-constrained households, they are less regulated and often include risky terms. This paper investigates outcomes associated with properties sold using land contracts signed between 2008 and 2015 in Detroit, leveraging real estate transaction, tax foreclosure, and eviction and land contract forfeiture records. We also assess outcomes for the broader portfolio of properties purchased by large contract sellers. We find that sales by large contract sellers are generally associated with higher odds of near-term failure. We also find that investors using contract sales withheld property taxes on much of their inventory, consistent with a short-term triage-based business strategy. Conversely, the single large non-profit contract seller in our study had a far higher rate of success compared to all other contract sales. These results provide evidence of negative outcomes for sales initiated by problematic entities and supports arguments for stronger regulation of land contracts and upstream interventions to prevent predatory investors from acquiring discounted homes from public and institutional sources.

Growth of Textured Chalcogenide Thin Films and Their Functionalization through Confinement

A number of chalcogenides show a remarkable portfolio of properties, which enables a plethora of applications including thermoelectric power generation and phase change material (PCM)‐based information storage. PCMs exhibit fast and reversible switching between two (typically, amorphous and crystalline) states, characterized by different optical and electrical properties. In the last decade, textured chalcogenide thin films have been investigated to develop a better understanding of structure – property relationships, improve material performance and understand how these properties change upon reducing film thickness. In this review, the present knowledge concerning the textured growth is summarized, focusing on films of GeTe, Sb2Te3, and GeSbTe compounds. In particular, the impact of different deposition methods, substrate surface modifications, and methods to influence film formation is reviewed. In the second part of this review, confinement effects are discussed. Surprisingly pronounced changes in atomic arrangement, that affect film properties, and device performance are presented. These changes are attributed to the unconventional bonding mechanism in these chalcogenides coined metavalent bonding, which is trongly affected by the confinement. Bonding becomes covalent‐like in the two‐dimensional limit, whereas Metavalent Bonding emerges for thicker films, where electron delocalization is increased This explains the pronounced property changes with film thickness.

Metavalent Bonding in Cubic SnSe Alloys Improves Thermoelectric Properties over a Broad Temperature Range

AbstractMonocrystalline SnSe is one of the most promising thermoelectric materials with outstanding performance and a high abundance of constituting elements. However, polycrystalline SnSe, which is more robust for applications, only shows large figure‐of‐merit (zT) values in its high‐symmetry phase. Stabilizing the high‐symmetry phase at low temperatures can thus enhance the average zT value over a broad temperature range. In this work, the high‐symmetry rock‐salt SnSe phase is successfully obtained by alloying SnSe with AgVVI2 compounds (V = Sb, Bi; VI = Se, Te). These cubic SnSe phases show a unique portfolio of properties including a high optical dielectric constant, a large maximum of optical absorption, a large Born effective charge, and abnormal bond‐breaking behavior in laser‐assisted atom probe tomography. All of these characteristics are indicative of metavalent bonding. In contrast, the Pnma phase of SnSe employs covalent bonding. The enhanced symmetry at low temperatures is realized by tailoring chemical bonding. Concomitantly, zT near room temperature is increased by a factor of more than 10 from the pristine Pnma SnSe to Fmm SnSe alloys. This provides insights into the enhancement of the thermoelectric performance of SnSe and other chalcogenides over a broad temperature range by manipulating the chemical bonds.

Property and the End of Empire in International Zones, 1919–1947

Abstract At the end of the First World War, defeated European empires ceded a wealth of imperial patronage, including palaces, government buildings and offices, to newly forming states in central Europe. While we know a great deal about these property transfers, the fate of ceded property in mandates and other newly emerging sovereign spaces, such as international zones, is less well known. This article traces the ways in which central European properties were reallocated and sold in international zones, with special reference to the International Zone of Tangier. While the remains of central European imperialism in Tangier were integrated into the international administration, this process encouraged erstwhile imperial powers to vie ever harder to reclaim ‘their’ former property, including private property portfolios. Meanwhile, it encouraged existing imperial powers to support private property purchases in order to secure advantages in the administration. In other words, internationalization entailed widespread competition for property that is omitted from the usual accounts of these spaces. Drawing attention to this phenomenon is important as it reveals the new forms imperial rivalries took on within the international structures created after the war.

The risk-adjusted performance and drivers of French healthcare property

PurposeHealthcare property has become an important alternate property sector in recent years for many international institutional investors. The purpose of this paper is to assess the risk-adjusted performance, portfolio diversification benefits and performance dynamics of French healthcare property in a French property portfolio and mixed-asset portfolio over 1999–2020. French healthcare property is seen to have different performance dynamics to the traditional French property sectors of office, retail and industrial property. Drivers and risk factors for the ongoing development of the direct healthcare property sector in France are also identified, as well as the strategic property investment implications for institutional investors.Design/methodology/approachUsing annual total returns, the risk-adjusted performance, portfolio diversification benefits and performance dynamics of French direct healthcare property over 1999–2020 are assessed. Asset allocation diagrams are used to assess the role of direct healthcare property in a French property portfolio and in a French mixed-asset portfolio. The role of specific drivers for French healthcare property performance is also assessed. Robustness checks are also done to assess the potential impact of COVID-19 on the performance of French healthcare property.FindingsFrench healthcare property is shown to have different performance dynamics to the traditional French property sectors of office, retail and industrial property. French direct healthcare property delivered strong risk-adjusted returns compared to French stocks, listed healthcare and listed property over 1999–2020, only exceeded by direct property. Portfolio diversification benefits in the fuller mixed-asset portfolio context were also evident, but to a much lesser extent in a narrower property portfolio context. Importantly, this sees French direct healthcare property as strongly contributing to the French property and mixed-asset portfolios across the entire portfolio risk spectrum and validating the property industry perspective of healthcare property being low risk and providing diversification benefits in a mixed-asset portfolio. However, this was to some degree to the loss or substitution of traditional direct property exposure via this replacement effect. French direct healthcare property and listed healthcare are clearly shown to be different channels in delivering different aspects of French healthcare performance to investors. Drivers of French healthcare property performance are also shown to be both economic and healthcare-specific factors. The performance of French healthcare property is also shown to be different to that seen for healthcare property in the UK and Australia. During COVID-19, French healthcare property was able to show more resilience than French office and retail property.Practical implicationsHealthcare property is an alternate property sector that has become increasingly important in recent years. The results highlight the important role of direct healthcare property in a French property portfolio and in a French mixed-asset portfolio, with French healthcare property having different investment dynamics to the other traditional French property sectors. The strong risk-adjusted performance of French direct healthcare property compared to French stocks, listed healthcare and listed property sees French direct healthcare property contributing to the mixed-asset portfolio across the entire portfolio risk spectrum. French healthcare property’s resilience during COVID-19 was also an attractive investment feature. This is particularly important, as many institutional investors now see healthcare property as an important property sector in their overall portfolio; particularly with the ageing population dynamics in most countries and the need for effective social infrastructure. The importance of French direct healthcare property sees direct healthcare property exposure accessible to investors as an important alternate real estate sector for their portfolios going forward via both non-listed healthcare property funds and the further future establishment of more healthcare REITs to accommodate both large and small institutional investors respectively. The resilience of French healthcare property during COVID-19 is also an attractive feature for future-proofing an investor’s portfolio.Originality/valueThis paper is the first published empirical research analysis of the risk-adjusted performance, diversification benefits and performance dynamics of French direct healthcare property, and the role of direct healthcare property in a French property portfolio and in a French mixed-asset portfolio. This research enables empirically validated, more informed and practical property investment decision-making regarding the strategic role of French direct healthcare property in a portfolio; particularly where the strategic role of direct healthcare property in France is seen to be different to that in the UK and Australia via portfolio replacement effects. Clear evidence is also seen of the drivers of French healthcare property performance being strongly influenced by healthcare-specific factors, as well as economic factors.

Formation of an organizational and economic mechanism for increasing the economic stability of an enterprise in the management of intellectual property objects

The purpose of the study is to analyze the impact of macro- and microeconomic factors on the formation of the management system of intellectual property objects as a structural element of the organizational and economic mechanism of increasing the economic sustainability of the enterprise. The right of ownership of intellectual products is considered an institutional prerequisite for increasing the enterprise's sustainability on an innovative basis, and objects of intellectual property are determined as a critical factor of social production. In enterprise management's organizational and economic mechanism, attention is focused on goals and incentives. It is proposed to consider increasing the economic stability of the enterprise as a complex goal of management, the reengineering of which is initiated by disturbances of various etymologies with the dominant influence of external factors. As an adaptive tool for transforming the organizational and economic mechanism of enterprise management into an open system, the creation of conditions for the effective implementation of the formation, use, and distribution of intellectual property objects is proposed. The system's components of increasing the enterprise's innovative potential are highlighted, including strategic management of intellectual property, protection of intellectual property rights, management of the intellectual property portfolio, internal knowledge management, creation of an innovative culture, and optimization of financial management of intellectual assets. A comprehensive understanding of the prerequisites for protecting intellectual property rights in the context of the institutional system functioning at the national level is presented. It has been proven that the ability to transform intellectual property objects into an influential factor in acquiring sustainability by business entities depends on the quality of public-private partnerships in terms of relations between the government, businesses, and universities. Keywords: organizational and economic mechanism, economic stability, enterprise, intellectual property management, intellectual property objects, intellectual capital, national innovation system.

ПРОМИСЛОВЕ ШПИГУНСТВО: ТЕРМІНОЛОГІЧНИЙ АСПЕКТ

The article examines the theoretical aspects of industrial espionage in the terminological context. It substantiates the importance of protecting trade secrets from industrial espionage against the background of an increase in their share in the structure of the intellectual property portfolio and strengthening their contribution to the competitiveness of innovative companies in the global economic space. The paper also examines the essence of industrial espionage through the prism of comparison with other categories, namely, economic espionage, corporate espionage, and competitive intelligence. It explores different approaches to the interpretation of these categories. The analysis reveals the existence of variants of their identification, synonymous use, and a certain intersection of essential features. Based on the results of the comparison of industrial espionage, economic espionage, corporate espionage, and competitive intelligence, it is established that these categories are independent and non-identical, with certain common features, which is a manifestation of the dialectical combination of the general and the particular for various forms of gaining access to commercially valuable information. The publication highlights important features of industrial espionage that reveal its essential characteristics, including: systematic, planned nature of implementation; typically, a high level of organisation and preparation; targeted focus on gaining competitive advantage/ income; unauthorised access to information that constitutes a trade secret; violation of legal and ethical standards by individuals and legal entities for private purposes; hidden nature; a wide range of types and tools; no sectoral restrictions on the scope of the activity; a significant range and duration of negative consequences; difficulty in assessing actual losses, etc. The identification of the main features of industrial espionage is the basis for its understanding as a distinct category, which will help to strengthen the theoretical and methodological basis for innovative companies to make effective management decisions on building an effective system of protection against industrial espionage.

Impact of Movement Control Order on Risk-Adjusted Performance of the Malaysian Real Estate Investment Trusts (M-REITs)

The first Movement Control Order (MCO) implemented by the Malaysian government from 18th March 2020 to 3rd May 2020 was unprecedented. Since Malaysia was only mildly affected by previous epidemics or pandemics unlike the COVID-19, studies of the pandemic impact on the performance of Malaysian firms and M-REITs in specific were limited. To close this gap, this study compares Sharpe ratio, Treynor ratio and Jensen Alpha ratio of 18 M-REITs for sub-periods before, during and after the MCO. Paired sample t-test results for all these three risk-adjusted performance measures consistently show that M-REITs significantly performed better during the MCO compared to before the MCO as well as after the MCO compared to before the MCO. The results suggest that the business model and portfolio of real estate managed by M-REITs are resilient against both systematic and unsystematic risk factors, and imply that the intrinsic value of M-REITs is not significantly affected by the market uncertainty caused by movement restriction. The findings also bolster investors’ confidence to include M-REITs as part of their diversified investment portfolio to achieve sustainable return performance in the post-Covid period. To remain resilient and sustainable, the management of M-REITs should diversify the portfolio of properties and real estate they managed since the movement restriction had varying repercussions on different types of real estate. Rooms for further diversification are justified by a larger percentage of M-REITs having positive Treynor ratios after the MCO sub-period if compared to positive Sharpe ratios. A well-diversified portfolio managed by an M-REIT can reduce unsystematic risk, which is part of the total risk measured by standard deviation, eventually moving towards a positive Sharpe ratio.

Evaluation of the Performance of Residential Property Investments in Minna, Niger State, Nigeria

This study evaluated the performance of residential property investments in Minna, Niger State, Nigeria. Data for the study were collected through field survey from estate surveying and valuation firms which are active in the residential property market in Minna. Thus, a total of 382 residential investment properties were selected from the property portfolio of estate surveying and valuation firms in the city for the study. Variables utilised for the study include the capital value, annual expenses in form of taxes, rates, repairs etc. and annual rental value of 1-BR, 2-BR and 3-BR apartments for the period, 2009 – 2021 and analysed using analysis of variance, geometric mean and coefficient of variation. The findings indicate that the variance in total return for all residential investment property types across all the study locations is statistically significant, also the risk associated with this return varies according to the residential property investment types across all the locations considered in the study. The study recommends that prudent residential real estate investors in the city require impeccable pre-investment appraisal of residential property investments at all locations in the city before investing their capital, particularly if they are risk averse.

Smart Nanofibers: Synthesis, Properties, and Scopes in Future Advanced Technologies

AbstractFunctional nanoengineering of nanofibrous materials is getting more important day by day due to an increased demand for smart nanomaterials in many industrial technologies. A simple synthesis and extraordinary features, e.g., high specific surface area, multi‐dimensional structure, small pores, self‐adjustment, flexibility, elasticity, etc., open a wide application range for smart nanofibers as important components in daily‐life appliances. These nanofibrous materials can potentially revolutionize medical, agriculture, food, energy, water, and wastewater treatment technologies due to their capacity to detect small changes (ppm and ppb levels) and simultaneously react to the involved environmental stimuli. In this work, a detailed overview of smart nanofibers in terms of their functionalities, fabrication strategies, and technological applications relevant to fulfilling society's sustainable development goals (SDGs) is provided. Various techniques for functionalizing the nanofibers are covered, along with their unique characteristics, which strengthen the portfolio of properties and thus new applications. Finally, the important usage of nanofibers in the environmental and human healthcare fields is briefly discussed, along with the potential applications in other future technologies. This work demonstrates the challenges and possibilities for smart nanofibers and their applications while simultaneously addressing a new era of multidisciplinary research toward the creation and new uses of smart nanofibers.

Metavalent or Hypervalent Bonding: Is There a Chance for Reconciliation?

A family of solids including crystalline phase change materials such as GeTe and Sb2 Te3 , topological insulators like Bi2 Se3, and halide perovskites such as CsPbI3 possesses an unconventional property portfolio that seems incompatible with ionic, metallic, or covalent bonding. Instead, evidence is found for a bonding mechanism characterized by half-filled p-bands and a competition between electron localization and delocalization. Different bonding concepts have recently been suggested based on quantum chemical bonding descriptors which either define the bonds in these solids as electron-deficient (metavalent) or electron-rich (hypervalent). This disagreement raises concerns about the accuracy of quantum-chemical bonding descriptors is showed. Here independent of the approach chosen, electron-deficient bonds govern the materials mentioned above is showed. A detailed analysis of bonding in electron-rich XeF2 and electron-deficient GeTe shows that in both cases p-electrons govern bonding, while s-electrons only play a minor role. Yet, the properties of the electron-deficient crystals are very different from molecular crystals of electron-rich XeF2 or electron-deficient B2 H6 . The unique properties of phase change materials and related solids can be attributed to an extended system of half-filled bonds, providing further arguments as to why a distinct nomenclature such as metavalent bonding is adequate and appropriate for these solids.

Compendium of Safety Regulatory for Safe Applications of Aerogels.

An increasing number of aerogels as nanostructured highly porous materials are entering the market in every day products, with an attractive portfolio of properties for emerging applications ranging from health care and leisure to electronics, cosmetics, energy, agriculture, food and environmental. However, the novelty in properties and forms of aerogels makes the development of a legislative framework particularly challenging for ensuring the safe development and use of nano-enabled products. The presented safety regulatory Compendium intends to share knowledge with the international aerogels community, as well as end-users and stakeholders, on the regulatory and safe handling procedures, as best safety practices, to be followed during the production process, handling, transport and end-use of aerogel-based formulations to mitigate human and environmental risks considering lack of data availability for this purpose in general.

The impact of hurricanes on a property portfolio: an empirical study based on loss data in Portugal

PurposeThe simulated scenarios can be used to compute risk premiums per risk class in the portfolio. These can then be used to adjust the policy premiums by accounting for storm risk.Design/methodology/approachA complete model to analyse and characterise future losses of the property portfolio of an insurance company due to hurricanes is proposed. The model is calibrated by using the loss data of the Fidelidade insurance company property portfolio resulting from Hurricane Leslie, which hit the centre of continental Portugal in October, 2018.FindingsSeveral scenarios are simulated and risk maps are constructed. The risk map of the company depends on its portfolio, especially its exposure, and provides a Hurricane risk management tool for the insurance company.Originality/valueA statistical model is considered, in which weather data is not required. The authors reconstruct the behaviour of storms through the registered claims and respective losses.