The Daily REITBeat | Thursday, August 7th, 2025

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David Auerbach
August 07, 2025

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Today’s Newsletter (August 7th, 2025)

Futures in the green at the time of this writing as talking heads focus on Presidents Trump and Putin meeting in the next several days plus tariffs going into effect overnight along with the Apple’s huge US investment announced yesterday as President Trump talks about 100% tariffs on chips. Big earnings season continues to roll along as well.

From Bloomberg

  • "US equity futures rose after the Kremlin confirmed Presidents Vladimir Putin and Donald Trump will meet for summit talks within the next few days, raising hopes of a truce in Russia’s war with Ukraine.

  • Contracts on the S&P 500 and Nasdaq 100 added 0.6% and 0.8%, respectively. Apple Inc. climbed in premarket trading after announcing a $100 billion US investment that may exempt it from President Donald Trump’s threatened tariff on chip imports. Apple suppliers including Corning Inc. also gained.

  • Meanwhile, Eli Lilly & Co. shares plunged after the drugmaker reported underwhelming study results for its weight-loss pill. Shares of its main European rival, Novo Nordisk A/S, soared.

  • Market sentiment got a boost earlier after Trump announced that companies producing goods in the US, such as Apple, would be eligible for exemptions from his proposed 100% levy on chip imports. Increasing bets on a Federal Reserve interest-rate cut are also fueling optimism in stocks as sweeping new tariffs to reshape global trade officially took hold Thursday.

  • “Risk sentiment is positive with a focus on peace deal hopes for Ukraine,” said Bob Savage, head of markets macro strategy at Bank of New York Mellon. “Also supporting the dollar down/stocks up narrative is ongoing September rate cut expectations for the FOMC. However, investors still face a pushback from the uncertainty over tariffs ahead."

In REIT News

  • APLE, COLD, CTRE, FRT, GNL, GOOD, HHH, IIPR, MDV, NHI, NLCP, O, ONL, PLYM, RYN, SILA, SMA, TRNO, UMH announced quarterly earnings while AHR, CLPR, DRH, LAND, RLJ report after the close of trading and LAMR, STRW announce tomorrow morning before the open

  • EXR priced $800 million of 4.95% senior notes due 2033 on behalf of its operating partnership and intends to use the net proceeds to repay amounts outstanding from time to time under its lines of credit and commercial paper program (which may include borrowings from the underwriters or their affiliates), and for other general corporate and working capital purposes, including funding potential acquisition opportunities

  • AIV entered into a definitive agreement to sell its portfolio of five apartment properties, including 2,719 units, located in suburban Boston for $740 million to an affiliate of Harbor Group International, LLC where four of the five asset sales are expected to close during the third quarter of this year, with closing of the final asset expected in the fourth quarter

  • IIPR entered into agreements to make an investment totaling up to $270 million into IQHQ, Inc., a premier life science real estate platform with over $5 billion in total assets noting that its expected to earn a weighted average interest rate of greater than 14% per annum

  • PGRE announced the successful completion of a $900 million refinancing of 1301 Avenue of the Americas, a 1.8 million sf Class A office building, located between 52nd and 53rd Streets in the heart of Midtown Manhattan where the new five-year, interest-only loan carries a fixed rate of 6.39% and matures in August 2030 and net proceeds from the refinancing will be used primarily to repay the existing $860 million loan that was scheduled to mature in August of 2026 and fund for future leasing costs, positioning the Company for continued success

  • NLOP declared a special cash distribution of $3.10/share totaling approximately $45.9 million which is payable on September 3, 2025 to shareholders of record as of the close of business on August 18, 2025

  • SPG announced that Eli Simon, Executive Vice President, Chief Investment Officer and Director has been promoted to Chief Operating Officer plus Jonathan Murphy and Eric Sadi have been named Co-Presidents, North American Real Estate

Download today’s Daily REIT Beat here!

The Daily REITBeat 8-7-25.pdf726.72 KB • PDF File

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Have a great day!

David Auerbach