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- The Daily REITBeat | Friday, September 5th, 2025
The Daily REITBeat | Friday, September 5th, 2025
"How Many Jobs?"
David Auerbach
September 05, 2025
Retail Advisor Outreach Program
Are you a publicly-traded REIT trying to raise awareness with retail advisors?
Send us a message to learn about how we have built out a program to hit advisors and investors around the REIT properties we interact with every single day.
We have done this engagement with a handful of REITs and are in conversation with others to launch direct marketing campaigns.
Futures mixed at the time of this writing as talking heads focus on today’s August Nonfarm Payrolls report as one of the last key pieces of data before the upcoming Federal Reserve meeting as all eyes focus on potential interest rate cuts.
From Bloomberg
"Stocks rose as optimism built that Friday’s jobs report will set the stage for the Federal Reserve to resume cutting interest rates this month.
Futures for the S&P 500 ticked 0.2% higher after a fresh all-time high. Nasdaq contracts advanced 0.5%. US Treasuries were little changed, with the two-year yield near the lowest in almost a year. The dollar headed for its weakest showing this week.
In premarket trading, Broadcom Inc. rallied more than 9% following its pact with OpenAI to create an artificial-intelligence chip. Tesla Inc. advanced 2% after the board proposed a potentially $1 trillion pay package for Elon Musk.
Investors are riding high ahead of today’s nonfarm payrolls report, with hopes it will strike the balance of a softer labor market that clears the way for policy easing without undercutting confidence in the economy. A bigger surprise in either direction could unsettle markets.
“Today’s release is unlikely to show the kind of pronounced weakness that would force the Fed to accelerate its easing plans,” wrote Max McKechnie, global market strategist at JPMorgan Asset Management. “Instead, investors should focus on the unemployment rate and wage growth for a clearer sense of the Fed’s next steps.””
In REIT News
Scotiabank upgrades HR to Sector Outperform from Sector Perform (raise price target by $2 to $20)
BRX priced $400 million of 4.85% senior notes due 2033 on behalf of its operating partnership and intends to use the net proceeds for general corporate purposes including repayment of indebtedness
DEA announced the acquisition of a 138,125 sf facility in Greenwood Village, CO which is 100% leased to York Space Systems
PINE announced the sale of its former Century Theater Center in Reno, NV for $5 million noting that the 52,474 sf property sits on 1.4 acres and as part of the transaction, the Company provided seller financing of $4 million at an annual interest rate of 8.00% with a term of two years
SMA announced the acquisition of a Class A self-storage facility located at 2255 Elizabeth Avenue in Rahway, NJ noting that the property spans approximately 53,450 net rentable sf in a modern, four-story building which offers approximately 550 climate-controlled storage units, 11 RV parking units, and two elevators for convenient access
HHH announced that Ilima Ward Village and Melia Ward Village, two new luxury residential towers at Ward Village, reported record-breaking sales of $1.2 billion at launch, including over $280 million in penthouse sales, with a single residence selling in excess of $40 million where ‘Ilima and Melia are 41% and 52% pre-sold, respectively, as of September 1, 2025
Yesterday morning, TRNO completed the development and stabilization of Countyline Corporate Park Phase IV Building 33 in Hialeah, FL effective September 30, 2025 noting that the 158,000 sf property is 100% leased to three tenants and the total expected investment is $39.9 million where the estimated stabilized cap rate is 5.9%
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David Auerbach