The Daily REITBeat | Friday, September 19th, 2025

"A Quiet Finish?"

Author

David Auerbach
September 19, 2025

Today’s Newsletter (September 19th, 2025)

Futures in the green at the time of this writing as talking heads focus on the volatile week due to the Federal Reserve meeting along with the launch of Apple’s new products today with a busy economic calendar on the horizon next week.

From Bloomberg

  • "US stocks are set for a quieter finish to a busy week in which the Federal Reserve’s first step in a likely series of rapid interest rate cuts propelled markets to fresh highs. The dollar rose for a third day.

  • Futures for major US stock benchmarks were little changed after the S&P 500, the Nasdaq 100, the Dow Jones Industrial Average and the Russell 2000 closed at a record. The yield on 10-year Treasuries climbed three basis point to 4.13%.

  • Investors still see plenty to keep equities climbing after a stellar rally, with looser policy adding to the buoyant mood from upbeat earnings and a resilient economy. Fed Bank of Minneapolis President Neel Kashkari said Friday he supported this week’s rate decision and penciled in two additional cuts this year.

  • The bullish momentum has defied seasonal headwinds as strategists lift their outlook for the year. Not even Friday’s $5 trillion quarterly triple-witching options expiry is expected to drive volatility, with traders focusing rather on the next nonfarm payrolls report for bigger moves.

  • “It’s clear the Fed is willing to support growth and the jobs markets, versus caring too much about inflation, though we have to see how that translates into the economy,” said Andrea Gabellone, head of global equities at KBC Global Services. “Financial conditions are now easier.”"

In REIT News

  • UBS initiates AHR ($51) and WELL ($195) with Buy ratings

  • UBS initiates VTR with a Neutral rating ($83 price target)

  • PEB closed its previously announced private offering of $400 million of 1.625% Convertible Senior Notes due 2030, including $50 million of notes sold pursuant to the exercise in full of the initial purchasers’ over-allotment option, and used the net proceeds to repurchase for cash approximately $400 million of its outstanding 1.75% Convertible Senior Notes due 2026

  • Moody’s affirmed HPP’s “B2” corporate family rating, “Caa1” preferred stock rating and “(P)Caa1” preferred stock shelf rating plus affirmed its limited partnership’s “B2” backed senior unsecured debt rating and “(P)B2” backed senior secured shelf rating and revised its outlook to stable from negative

  • Yesterday morning, KRC acquired Maple Plaza, a 293,000 sf Class A office campus in the iconic Beverly Hills submarket of Los Angeles, for $205 million noting that it is approximately 75% leased to a diverse mix of tenants across private equity, professional services, education, and entertainment

  • Yesterday morning, RLJ announced the appointment of Nikhil Bhalla as Chief Financial Officer effective immediately

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The Daily REITBeat 9-19-25.pdf797.35 KB • PDF File

Welcome your comments and feedback.

Have a great day!

David Auerbach