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- The Daily REITBeat | Monday, December 8th, 2025
The Daily REITBeat | Monday, December 8th, 2025
"An Uneasy Feeling?"
David Auerbach
December 08, 2025
Various REIT Things…
Going to NAREIT this week? Send me a message.
Got questions about the “5-in-5” interviews, webinars or IR/PR/Marketing initiatives that I’m working on with various partners? Send me a message.
Don’t forget that I’m still working on the REIT jobs website at www.allthereitjobs.com
Check out the REIT TV channel at https://reittv.com/
Futures in the green at the time of this writing as talking heads focus on this week’s Federal Reserve interest rate policy decision and the potential impact on the year-end Santa rally potential.
From Bloomberg
"Stocks nudged higher at the start of a week in which investors will search for clues on next year’s interest-rate path as they look beyond an all-but-certain cut at the Federal Reserve’s final meeting of 2025.
S&P 500 futures rose less than 0.1% after the benchmark closed within touching distance of an all-time high. Netflix Inc. climbed 1.5% in premarket trading after US President Donald Trump raised potential antitrust concerns on its planned takeover of Warner Bros. Discovery Inc. Nasdaq 100 contracts advanced 0.2%.
US stocks have rebounded in recent weeks to approach an October record after some Fed officials signaled that they intend to deliver a cut on Wednesday. Still, the advance has been jittery as uncertainty over the pace of easing in 2026 and wariness about the durability of an AI-driven rally keep sentiment in check.
Unease that inflation remains too high has also caused divisions among Fed officials in a rift that’s been exacerbated by the lack of fresh data during the shutdown. After a probable cut on Wednesday, money markets are now leaning toward two more by the end of 2026, down from three barely a week ago."
In REIT News
RBC upgrades ELS to Outperform from Sector Perform (raise price target by $4 to $70)
RBC downgrades WPC to Sector Perform from Outperform (maintain $69 price target)
GNL entered into an agreement to sell the McLaren Campus – a three-building, 840,000 sf property located in Woking, Surrey, England – for £250 million at a 7.4% cash cap rate
PDM completed over 475,000 sf of leasing thus far in the fourth quarter with approximately 275,000 sf related to new tenants where almost half of the new tenant leases are for previously vacant space and year-to-date leasing volume now totals approximately 2.3 million sf
CTO announced its last non-core office building, totaling 212,000 sf, is 100% leased to two investment grade tenants: Fidelity and the State of New Mexico
PLD announced that its limited partnership will redeem all of its outstanding 3.00% Notes due June 2, 2026 for an aggregate payment of approximately €1,021 per €1,000 in principal amount issued and outstanding as of the redemption date
GLPI announced that Michael Borofsky has been appointed to the Board of Directors as a new independent director, effective immediately, subject to receipt of customary regulatory approvals. The appointment of Mr. Borofsky expands the Board of Directors to eight members, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange
On Friday, FCPT announced the acquisition of a Baptist Health property located in a strong retail corridor in AL for $4.7 million noting that the property is newly constructed and corporate-operated under a long term, net lease with approximately ten years of term remaining which priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs
On Friday, TRNO acquired an industrial property located in Hyattsville, MD for a purchase price of approximately $50.0 million noting that the building which is shell complete only consists of approximately 180,000 square feet on 14.1 acres and expects to be completed in early 2027 where its total expected investment is $57.6 million and the estimated stabilized cap rate is 5.2%
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Have a great day!
David Auerbach