The Daily REITBeat | Monday, December 1st, 2025

"Back Foot(ed)"

Author

David Auerbach
December 01, 2025

Announcing the Launch of REIT TV!!

Our goal with REIT TV is to bring you all the educational content provided by sources such as Nareit, CNBC, Bloomberg and others so you can create your own customized viewing channel of REIT videos.

Currently, we have over 775 videos in the hopper from the last year or so which represents just under 125 hours of video footage.

New content will be added daily and we are going to be launching a "LIVE" component as we grow the platform.

Please alert us to bugs or if you have suggestions and ideas on how to improve this.

We have a lot of kinks to work out and tags to add to the videos but wanted to start sharing this new channel that benefits the entire REIT industry.

Check out the channel at https://reittv.com/

Today’s Newsletter (December 1st, 2025)

Futures in the red at the time of this writing as talking heads focus on more selloffs in cryptocurrencies along with potential tech selloff of Mag 7 stocks as the Federal Reserve once again comes into focus with its last meeting on the horizon plus a potential new chairperson being announced shortly.

From Bloomberg

  • "Global stocks and bonds started December on the back foot as a renewed selloff in cryptocurrencies and hawkish comments from the Bank of Japan weighed on sentiment.

  • S&P 500 futures fell 0.7%. Bitcoin slid below $86,000, dragging major tokens lower and pulling crypto-linked stocks into the red. The Magnificent Seven also declined in premarket trading, with Tesla Inc., Meta Platforms Inc. and Nvidia Corp. each falling more than 1%.

  • Japan’s two-year bond yield rose to its highest level since 2008 after Governor Kazuo Ueda offered his clearest hint yet that the BOJ may be nearing an interest-rate hike. The move weighed on global bonds, lifting the rate on 10-year US Treasuries by three basis points to 4.04%. The yen led gains among major currencies against the dollar.

  • December opens with traders focused on a slate of economic indicators due before the Federal Reserve’s next policy meeting, following the S&P 500’s seventh consecutive monthly advance in November. Attention is also turning to the central bank’s leadership, after President Donald Trump said he has decided on a successor to Chair Jerome Powell.

  • “The market is still hesitating a bit ahead of the upcoming macro data, and before the Christmas rally people typically expect,” said Andrea Tueni, head of sales trading at Saxo Banque France. “The drop in Bitcoin is weighing on sentiment and so are the comments from the BOJ.”"

In REIT News

  • Barclays downgrades AMT to Equalweight from Overweight (lower price target by $3 to $200)

  • Barclays downgrades CCI to Equalweight from Overweight (lower price target by $3 to $101)

  • Evercore ISI downgrades VICI to Inline from Outperform (lower price target by $4 to $32)

  • FRT announced the acquisition of Village Pointe, Omaha's leading open-air lifestyle center, for $153.3 million noting that the 453,000 sf property features a high-performing mix of national and premium lifestyle retailers—including Apple, lululemon, Sephora, Coach, Bentley, Nordstrom Rack and shadow-anchor Scheels—many of which are exclusive to the market

  • BNL announced an update on its recent business activity through December 1, 2025 and provided initial guidance for fiscal year 2026 whereby 1) invested $696.7 million, including $416.6 million in new property acquisitions, $181.8 million in build-to-suit developments, $90.0 million in transitional capital, and $8.3 million in revenue generating capital expenditures; 2) sold, on a forward basis, 621,487 shares of our common stock for gross proceeds of approximately $11.4 million under its ATM common equity offering; 3) maintains 2025 AFFO Guidance of $1.49-$1.50/share and sets 2026 AFFO guidance of $1.53-$1.57/share

  • SAFE announced the appointment of Michael Trachtenberg as President of the Company who will oversee operations and execution across the business and work directly with Chief Executive Officer Jay Sugarman

  • On Wednesday, SMA announced the acquisition of a self-storage facility located in Winter Garden, FL which consists of approximately 72,100 net rentable sf across seven one-story buildings which offers approximately 515 storage units

  • On Wednesday, FCPT announced the acquisition of two Hawaiian Bros properties located in strong retail corridors in Arizona and Texas for $5.9 million from Stine Enterprises via sale-leaseback noting that the properties are newly constructed and franchisee-operated under long term, triple net leases which priced at a cap rate in range with previous transactions

  • On Wednesday, ONL announced that the notice submitted by The Kawa Fund Limited, which purported to nominate five candidates to stand for election to Orion’s Board of Directors at the Company’s 2026 annual meeting, is invalid determining that the submission did not meet several requirements set forth in its bylaws including the requirement that Kawa be a record holder of the Company’s common stock

Download today’s Daily REIT Beat here!

The Daily REITBeat 12-1-25.pdf897.38 KB • PDF File

Welcome your comments and feedback.

Have a great day!

David Auerbach