The Daily REITBeat | Friday, August 1st, 2025

"Tariff Hit"

Author

David Auerbach
August 01, 2025

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Today’s Newsletter (August 1st, 2025)

Futures in the red at the time of this writing as talking heads set the stage for today’s July Nonfarm Payrolls report after import tariffs were levied across the globe by President Trump.

From Bloomberg

  • "Global stocks extended a selloff as President Donald Trump’s sweeping import tariffs fueled concerns about the outlook for economic growth.

  • Futures on the S&P 500 retreated more than 1%, suggesting the underlying gauge will extend a three-day run of declines. Amazon.com Inc. slumped as much as 8% in premarket trading as its underwhelming earnings introduced a note of caution amid a generally upbeat reporting season for tech megacaps. 

  • The dollar edged higher along with Treasury yields as traders braced for key US jobs data later Friday.

  • Trump announced a slew of new levies, including a 10% global minimum and 15% or higher duties for countries with trade surpluses with America, as he forged ahead with his turbulent effort to reshape international commerce. Questions about the impact on growth and inflation are starting to overshadow the AI-driven optimism that has buoyed megacap technology stocks.

  • “Next week marks a significant turning point for global trade with the introduction of Trump’s tariffs, creating uncertainty about how these new and historical barriers will affect markets in practice,” said Kim Heuacker, an associate consultant at Camarco. “Current high valuations, particularly among US stocks, are becoming increasingly difficult to justify.”"

In REIT News

  • Compass Point upgrades IRT to Buy from Neutral (raise price target by $2 to $24)

  • Yesterday, Freedom Broker upgraded WELL to Buy from Hold (raised price target by $29 to $182)

  • ADC, AMH, BHR, CPT, CUBE, CUZ, HR, OHI, PK, XHR announced quarterly earnings

  • WELL priced $400 million of 4.50% notes due 2030 and $600 million of 5.125% notes due 2035 on behalf of its operating partnership and intends to use the net proceeds for general corporate purposes, including repayment of debt and its pipeline of investment opportunities in healthcare and seniors housing properties

  • CUZ acquired The Link, a 292,000 sf lifestyle office property in Dallas, for $218 million noting that the property was built in 2021 and is currently 93.6% leased with a weighted average lease term of over nine years

  • HR announced that its board unanimously approved to reduce its common stock dividend by 23% to $0.24 per share (from $.31/share) and immediately reduces the FAD payout ratio to approximately 80%.

  • DEA acquired a 25-year lease with two five-year extension options for a 64,000 rentable square foot crime laboratory in Fort Myers, FL which will be a two-story, built-to-suit facility on 8.29 acres of land strategically located adjacent to the I-75 Interstate Highway and north of Alico Road as the property will be leased to the Florida Department of Law Enforcement (FDLE) and will include state-of-the-art laboratories and a training center

  • STAG announced the promotion, effective August 1, 2025, of Steven T. Kimball to Chief Operating Officer

  • Yesterday morning, S&P raised all of AMT’s ratings, including its issuer credit rating, to “BBB+” from “BBB” with a stable outlook and removed ratings from “under criteria observation”

Download today’s Daily REIT Beat here!

The Daily REITBeat 8-1-25.pdf697.00 KB • PDF File

Welcome your comments and feedback.

Have a great day!

David Auerbach