In recent years, the question of the real has returned to the philosophical focus. Markus Gabriel's New Realism presents a concise position that brings together reality, meaning, and appearance. However, it remains to be examined whether he goes beyond what phenomenological thinking has already claimed to achieve. The contributions in this discussion volume explore this question by confronting Gabriel's approach with central insights from phenomenology. Markus Gabriel responds to this discussion. From this exchange, possibilities for a new phenomenological realism emerge. Contributions by Thomas Arnold, Jocelyn Benoist, Taylor Carman, David Espinet, Peter Gaitsch, Tobias Keiling, Sandra Lehmann, Philipp Schmidt, Alexander Schnell, Sebastjan Vörös, Niels Weidtmann, and Markus Gabriel.