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- The Daily REITBeat | Monday, March 24th, 2025
The Daily REITBeat | Monday, March 24th, 2025
"Targeted Tariffs?"
David Auerbach
March 24, 2025
Good Morning!
Futures deep in the green at the time of this writing as talking heads focus on trade tariff implications with April 2nd being a key date along with tech stocks and more advancements in AI.
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From Bloomberg
"US stock futures rallied, with futures on the Nasdaq 100 Index surging 1.2%, as traders snapped up beaten down tech shares and took optimism from signs that US tariffs may be more targeted.
S&P 500 contacts also gained about 1% in early Monday trading. Tesla Inc. added about 4% in premarket trading. Nvidia Corp. and Palantir Technologies Inc. rose amid news that Jack Ma’s Ant Group Co. has developed AI techniques that could cut costs by 20%.
Meanwhile, the dollar weakened and Treasury yields ticked higher. European indexes were broadly little changed. German software developer SAP SE took the spot as Europe’s most-valuable public company, unseating Danish weight-loss drug maker Novo Nordisk A/S, whose shares have declined 18% this year.
Investors were taking some comfort from indications that President Donald Trump’s coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened. The administration is not planning separate, sectoral-specific tariffs to be unveiled at the same event on April 2, officials said.
“This raises the possibility that some sectors and countries may fare better than others, helping explain market optimism,” said Daniel Murray, chief executive officer of EFG Asset Management in Zurich. "
In REIT News
Lucid Capital Markets initiates GNL ($10) and NTST ($18) with Buy ratings
Redburn Atlantic upgrades WH to Buy from Neutral (raise price target by $5 to $115)
Redburn Atlantic upgrades CHH to Neutral from Sell (raise price target by $4 to $132)
SmartStop Self Storage REIT announced the launch of its proposed underwritten public offering filing a Form S-11 with the SEC to offer 27 million shares of common stock with a proposed offering range between $28-$36/share under ticker symbol “SMA” and intends to use the net proceeds from the proposed offering to redeem 100% of its issued and outstanding Series A Preferred Stock, pay down existing debt under its credit facility, repay an acquisition facility, fund external growth with property acquisitions, and fund other general corporate uses
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Have a great day!
David Auerbach