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- The Daily REITBeat | Thursday, April 9th, 2026
The Daily REITBeat | Thursday, April 9th, 2026
"Breached"
David Auerbach
April 09, 2026
Various Initiatives and Website Links
Hoya Capital: www.hoyacapital.com
4800 Partners (REIT IR/Marketing/PR/Story Telling): www.4800partners.com
All the REIT Jobs Website: www.allthereitjobs.com
B-A-N-D Visual Storytelling: www.b-a-n-d.com/reit
REIT TV: www.reittv.com
Futures in the red at the time of this writing as talking heads focus on the fragile ceasefire agreement where terms of the deal have already been breached as markets give back some of yesterday’s big gains. Big economic calendar coming due including the all-important PCE.
From Bloomberg
"Stocks dropped and oil advanced as optimism over the US-Iran ceasefire faded after Tehran warned that some terms of the deal had been breached.
US equity futures fell 0.4%. Brent crude jumped back to $98 a barrel on signs the Strait of Hormuz is still effectively closed. The dollar ticked higher and Treasuries were steady. Emerging-market stocks slid almost 1%.
Markets are giving up some of the big moves seen in Wednesday’s relief rally amid optimism around the deal for a two-week pause in fighting. US President Donald Trump pledged to keep US troops in the Persian Gulf ahead of talks with Iran, while Tehran warned there may be mines in the strait."
In REIT News
Cantor initiates DLR ($211) and EQIX ($1173) with Overweight ratings
Cantor resumes FRMI with an Overweight rating ($8 price target)
WSR entered into a definitive merger agreement where Ares Management Corporation will acquire all outstanding common shares and operating partnership units for $19.00/share or unit in an all-cash transaction valued at approximately $1.7 billion which represents a 12.2% premium to its closing stock price on April 8th, the last full trading day prior to the transaction announcement, and a 26.5% premium to the unaffected share price prior to the March 5th Reuters article announcing the Company had engaged advisors to explore a sale
VNO released its 2025 Sustainability Report which highlights its industry-leading accomplishments in sustainability and provides key metrics on its sustainability priorities
TRNO announced its operating, investment and capital markets activity for the first quarter of 2026 plus sold an industrial property located in Torrance, CA for a sale price of approximately $31.1 million noting that the 99K sf property is 100% leased and the unleveraged internal rate of return generated by the investment was 10.3%
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David Auerbach
David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.
Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET). Additionally, he acts as a consultant with 4800 Partners focusing on corporate access in the REIT industry.
Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: REAI).
David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry. At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.
Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, Barron’s, Commercial Observer, Bisnow, CoStar, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, Schwab Network, and Bloomberg.
David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.
In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.