The Daily REITBeat | Thursday, April 24th, 2025

"Not So Fast!"

Author

David Auerbach
April 24, 2025

**Next Daily REITBeat is tentatively scheduled for Wednesday, April 30th**

Good Morning!

Futures in the red at the time of this writing as talking heads focus once again on US-China tariffs and how long the process may take in the trade war while earnings, treasuries, crypto and a busy economic calendar also getting attention.

From Bloomberg

  • "A global rally in equities stalled as investors scaled back their expectations of quick progress in the US-China tariff dispute.

  • Stocks in Europe dropped after Treasury Secretary Scott Bessent cast doubt on a timely resolution to the trade war, while Beijing said the two sides aren’t in talks. US futures fell, while Asian stocks snapped a five-day winning streak. The dollar weakened as unpredictable White House policy moves boosted demand for the Swiss franc, the yen and gold as relative havens. Treasuries ticked higher.

  • Thursday’s pullback in stocks took the edge off gains the previous day, which were spurred by signs President Donald Trump is rethinking the most-aggressive elements of his stances on trade and the Federal Reserve. The market moves underscore how investors are struggling to keep up with pronouncements from officials in the administration and frequent back-and-forth by Trump on his tariffs."

In REIT News

  • CURB (this morning), EGP, EPRT, GTY, VRE announced quarterly earnings while ALEX, DLR, DOC, GLPI, PECO, PINE, WY report after the close of trading

  • ADC priced an underwritten public offering of 4,500,000 shares of its common stock in connection with a forward sale agreement at $75.50/share raising gross proceeds of $339.75 million and expects to use the net proceeds, if any, it receives upon the future settlement of the forward sale agreement for general corporate purposes, including to fund property acquisitions and development activity or the repayment of outstanding indebtedness under its revolving credit facility

  • Yesterday morning, ESRT published its annual Sustainability Report that features major awards and achievements, data-based goals, and transparent metrics for sustainability, energy efficiency, and corporate social responsibility throughout its portfolio

Download today’s Daily REIT Beat here!

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Welcome your comments and feedback.

Have a great day!

David Auerbach