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- The Daily REITBeat | Monday, April 13th, 2026
The Daily REITBeat | Monday, April 13th, 2026
"Hormuz Chaos"
David Auerbach
April 13, 2026
Various Initiatives and Website Links
Hoya Capital: www.hoyacapital.com
4800 Partners (REIT IR/Marketing/PR/Story Telling): www.4800partners.com
All the REIT Jobs Website: www.allthereitjobs.com
B-A-N-D Visual Storytelling: www.b-a-n-d.com/reit
REIT TV: www.reittv.com
Futures in the red at the time of this writing as talking heads focus on President Trump’s order to block the Strait of Hormuz after the US-Iran peace talks collapsed. Oil, gold and treasuries once again on the move with a busy economic calendar and earnings season ahead this week.
From Bloomberg
"Oil surged back above $100 a barrel while stocks fell and bonds edged lower after President Donald Trump ordered a blockade of the Strait of Hormuz following the weekend’s deadlock in US-Iran peace talks.
Brent jumped 7.1% to around $102. The S&P 500 was poised to fall 0.7% at the open. Bonds trimmed initial losses, with the two-year Treasury yield up three basis points to 3.82%. The dollar rose 0.3%, its biggest advance in more than a week. Gold traded moderately lower near $4,710 an ounce.
Meanwhile, Goldman Sachs Group Inc. fell 3.7% in the US premarket as a revenue miss in fixed-income, currency and commodities trading outweighed a record haul from equities.
Shipments of oil and gas through the Hormuz strait remain in focus after Trump’s restrictions on vessels calling at Iranian ports threatened to deepen a global energy shock. If successful, the blockade would restrict the one Persian Gulf flow that has continued throughout the war, while Tehran’s warning to target vessels and ports in response amplifies the risks for other producers.
Even so, the relatively mild pullback in riskier assets suggested investors were cautiously optimistic that a resolution was still within reach."
In REIT News
Cantor initiates JAN with an Overweight rating ($27 price target)
Evercore ISI upgrades REXR to Outperform from Inline (raise price target by $3 to $40)
B. Riley downgrades WSR to Neutral from Buy (raise price target by $1 to $19)
On Friday, Cantor downgraded WSR to Neutral from Overweight (raised price target by $2 to $19)
On Friday, Colliers Securities downgraded WSR to Neutral from Buy (raised price target by $2 to $19)
NHP announced the launch of its public offering of 38,500,000 shares of its Class A common stock pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission where the initial public offering price is expected to be between $13-$16/share plus applied to list its Class A common stock on The Nasdaq Global Select Market under the symbol “NHP” and intends to use the net proceeds to repay approximately $186.0 million of outstanding indebtedness under its revolving credit facility, to fund potential future property acquisitions and for other general corporate purposes
On Friday, BXDC announced that it has publicly filed a registration statement on Form S-11 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock and intends to list its stock on the New York Stock Exchange under the symbol “BXDC”
On Friday, FCPT announced the acquisition of a National Veterinary Associates property located in a strong retail corridor in California for $4.4 million noting that the property is corporate-operated under a long term, net lease which priced at a 7.1% cap rate on rent as of the closing date and exclusive of transaction costs
On Friday, DEI announced that Mr. Andy Cohen has been elected to its Board of Directors
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David Auerbach
David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.
Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET). Additionally, he acts as a consultant with 4800 Partners focusing on corporate access in the REIT industry.
Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: REAI).
David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry. At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.
Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, Barron’s, Commercial Observer, Bisnow, CoStar, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, Schwab Network, and Bloomberg.
David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.
In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.