The Daily REITBeat | Monday, July 14th, 2025

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Today’s Newsletter (July 14th, 2025)

Futures in the red at the time of this writing as talking heads focus on trade tariffs and the rise in bitcoin over $120,000 as the 10-yer hovers around 4.423%.

From Bloomberg

  • "US equities are poised to extend a retreat from an all-time high after the Trump administration intensified its trade war. The risk-off tone stopped short of cryptocurrencies, with Bitcoin surging past $120,000.

  • S&P 500 futures slipped 0.4%, setting the US benchmark up for back-to-back losses. Europe’s Stoxx 600 also dropped, with trade-sensitive automakers among the biggest decliners. Bitcoin rallied alongside broader gains in digital assets as the US House prepared to consider legislation that would advance President Donald Trump’s crypto-friendly agenda.

  • US Treasuries fell as bond markets remained fragile at the start of a week packed with economic data. The dollar was little changed.

  • Trump’s weekend threat to impose 30% tariffs on the European Union and Mexico is testing market resilience, following a series of escalated trade measures against multiple partners. While traders largely view them as a bargaining tactic and expect final tariffs to be softer, the moves have injected uncertainty just as the S&P 500 was trading near record highs."

In REIT News

  • Wells Fargo upgrades OHI to Overweight from Equalweight (raise price target by $3 to $41)

  • PSA announced with Ki Corporation a revised non-binding indicative offer to acquire Abacus Storage King for cash consideration of A$1.65 per stapled security as both parties have agreed to proceed with due diligence based on the revised terms

  • On Friday, LAND announced that its board of directors has authorized a share repurchase program for up to $20 million of the Company's 6.00% Series B Cumulative Redeemable Preferred Stock and up to $35 million of the Company's 6.00% Series C Cumulative Redeemable Preferred Stock

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Have a great day!

David Auerbach