The Daily REITBeat | Monday, November 24th, 2025

"Fragile Risk Sentiment"

Author

David Auerbach
November 24, 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 (November 24th, 2025)

Futures in the green at the time of this writing as talking heads focus on the big slate of economic data with a holiday-shortened week as bitcoin continues to sell off while the 10-year moves back towards 4%.

From Bloomberg

  • "Stocks pared tech-fueled gains as Bitcoin resumed its slide on Monday, signaling that risk sentiment remained fragile after a volatile week.

  • Nasdaq 100 futures were up 0.5% after earlier rising more than 1%. S&P 500 contracts added 0.3%. In Asia, Alibaba Group Holding Ltd. jumped 4.7% in Hong Kong after a strong debut for its AI app. Alphabet Inc. rose more than 3% in premarket trading. Novo Nordisk A/S slumped 9% in Copenhagen after studies showed an Ozempic pill failed to slow Alzheimer’s progression.

  • Bitcoin fell again toward $86,000 after a weekend rebound and is on track for its worst month since 2022. Oil edged lower as traders weighed prospects for a potential Ukraine-Russia peace deal. Treasuries rose and the dollar was little changed."

In REIT News

  • JPM initiates H with an Overweight rating ($178 price target)

  • JPM upgrades VNO to Neutral from Underweight (maintain $41 price target)

  • JPM downgrades BDN to Underweight from Neutral

  • On Friday, Morningstar upgraded EQIX to Buy from Hold (maintain $875 price target)

  • PK announced that on November 21st, the court-appointed receiver completed the sale of the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco – a Hilton Hotel which secured a $725 million non-recourse CMBS Loan and as previously announced, the hotels were placed in a court-ordered receivership in October 2023 when the receiver took full authority and control over the hotels’ operations and Park no longer had any economic interest in the operations of the hotels

  • On Friday, SITC announced completion of the previously announced sales of East Hanover Plaza (East Hanover, NJ), Southmont Plaza (Easton, PA) and Stow Community Center (Stow, OH) for approximately $126.0 million where approximately $38.2 million of sale proceeds were used to repay mortgage indebtedness plus closed the previously announced sale of Nassau Park Pavilion (Princeton, New Jersey) for approximately $137.6 million in cash and applied approximately $98.4 million of sale proceeds to the full repayment of a mortgage loan secured by the property and paid a related make-whole premium of approximately $7.0 million

  • On Friday, FSP provided an update on its previously announced review of strategic alternatives and notes that “we continue the process we first announced in May 2025 to review strategic alternatives in order to explore ways to maximize shareholder value. That process continues and, specifically, FSP is currently in active negotiations with a potential lender to refinance all of its existing indebtedness. We look forward to updating the market when the strategic process is complete.”

  • On Friday, TRNO announced that it has pre-leased 76,000 sf in Countyline Corporate Park Phase IV Building 36 to a manufacturer and distributor of plantain products commencing upon building completion and tenant build-out expected to be in the first quarter of 2027 and expiring July 2037 plus a previously announced pre-lease of 108K sf with an international logistics management company specializing in freight forwarding and consolidating services has been expanded by 29,000 sf which brings Building 36 to 100% preleased where total expected investment is $56.2 million and the estimated stabilized cap rate is 5.8%

Download today’s Daily REIT Beat here!

The Daily REITBeat 11-24-25.pdf820.79 KB • PDF File

Welcome your comments and feedback.

Have a great day!

David Auerbach