The Daily REITBeat | Monday, April 14th, 2025

"Some Green For Rory!"

Author

David Auerbach
April 14, 2025

Good Morning!

Futures in the green at the time of this writing as talking heads focus on tariffs and carveouts with consumer electronic products along with earnings, treasuries, and the other usual topics getting a lot of attention.

On a happier topic, what a special moment for Rory yesterday in what could have been one of the most thrilling Masters tournaments of all time.

From Bloomberg

  • "Stocks rose, powered by a rally in tech stocks, after President Donald Trump signaled a carve-out of trade levies on some consumer electronics, fueling speculation that they might avoid the worst of the tariff hit.

  • S&P 500 futures added 1.6% and European stocks jumped more than 2%. Apple Inc. gained about 5% in premarket trading. Goldman Sachs Group Inc. was 2.7% 1-higher after its first-quarter earnings.

  • US bonds retraced some of last week’s losses, pushing 10-year yields down to 4.43%. Gold slipped and oil climbed. The dollar fell for a fifth day as Trump warned that a specific levy for electronics will be announced later.

  • While the possibility of a softer policy toward technology companies was enough to lift shares, which have been some of the hardest hit this year, Wall Street strategists continued to warn clients about the troubles ahead. Citigroup Inc.’s Beata Manthey cut her view on US equities, and Morgan Stanley lowered its outlook for earnings."

In REIT News

  • Goldman Sachs upgrades CHH to Buy from Sell (lower price target by $3 to $138)

  • Goldman Sachs downgrades HLT ($235) and MAR ($245) to Neutral from Buy

  • Goldman Sachs downgrades H to Sell from Neutral (lower price target by $40 to $110)

  • On Friday, S&P affirmed CDP’s “BBB-“ issuer credit rating and issue-level rating on its senior unsecured notes with a stable outlook

  • On Friday, KRC published its fourteenth annual Sustainability Report, building on the Company’s longstanding track record of sustainability leadership and noted that it announced a new set of 2030 Sustainability Goals, covering a range of environmental and social metrics which will guide their broad sustainability efforts over the next five years

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Welcome your comments and feedback.

Have a great day!

David Auerbach