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- The Daily REITBeat | Monday, October 6th, 2025
The Daily REITBeat | Monday, October 6th, 2025
"Day After Day..."
David Auerbach
October 06, 2025
Futures in the green at the time of this writing as talking heads focus on the same topics including the government shutdown, tech stock resilience, market strength, and movement in treasuries/commodities/crypto. Do we see a resolution to the shutdown this week?
From Bloomberg
"US equity futures rose as investors bet that a resilient economy and Federal Reserve easing will continue to support corporate earnings and the boom in artificial intelligence spending.
Contracts on the S&P 500 climbed about 0.4% after the index gained more than 1% last week despite a US government shutdown that’s delayed key economic data. Futures on the Nasdaq 100 were up 0.6%. The yield on 10-year Treasuries rose about four basis points, and a gauge of the dollar advanced.
Tech stocks led gains in premarket trading. Advanced Micro Devices Inc. soared after signing a deal with OpenAI to roll out AI infrastructure in a pact the chipmaker said could generate tens of billions of dollars in new revenue. Tesla Inc. rose after teasing a product announcement. Comerica Inc. surged after Fifth Third Bancorp agreed to buy the financial services firm in a $10.9 billion deal.
US companies are set to enjoy a better-than-expected earnings season as a robust economy and a solid outlook for artificial intelligence have left estimates looking too low, according to Goldman Sachs Group Inc. strategists. The team led by David Kostin also expect the so-called Magnificent Seven group of technology heavyweights to beat expectations.
A number of private-sector indicators out last week pointed to a sluggish US labor market and moderation in demand, without raising alarm bells on the outlook for economic growth. That’s left traders confident the Fed will deliver another quarter-point cut in October, allowing them to look past the US government shutdown and the threat of firing federal workers."
In REIT News
On Friday, Morningstar downgraded PLD to Hold from Buy (maintain $125 price target)
On Friday, Morningstar downgraded WELL to Sell from Hold (maintain $158 price target)
GTY announced the closing of a sale leaseback transaction under which the Company acquired 12 convenience stores for $100 million, and simultaneously entered into a long-term, unitary net lease with a subsidiary of Now & Forever, a privately-owned, regional convenience store chain located in Houston, TX
BRT announced the acquisition of Oaks at Victory, formerly known as Ascend Midtown, a 150-unit garden style apartment complex in Savannah, GA for $23 million through a joint venture in which the Company owns an 80% equity interest
SVC provided an update on its previously disclosed hotel disposition program and recent actions to strengthen its balance sheet where during the third quarter of 2025, the Company completed the sales of 38 Sale Hotels totaling 5,331 keys and generating gross proceeds of approximately $279 million plus recently redeemed all $350 million of its 5.25% senior unsecured notes due February 2026 and issued $580 million of zero-coupon senior secured notes due September 2027, raising net proceeds of approximately $490 million, which it used to repay all amounts outstanding on its revolving credit facility and expects to complete the early redemption of all $450 million of its 4.75% senior unsecured notes due October 2026 on October 16th
On Friday, BDN announced that its operating partnership closed its previously announced underwritten public offering of $300 million of its 6.125% guaranteed notes due 2031 and intends to use the net proceeds of the offering to repay its consolidated secured debt and for general corporate purposes, which may include the repayment, repurchase or other retirement of other indebtedness
On Friday, Moody’s upgraded the senior unsecured rating of HST’s operating partnership to “Baa2” from “Baa3” plus upgraded its senior unsecured shelf rating to “(P)Baa2” from “(P)Baa3” and revised its outlook to stable from positive
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David Auerbach