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- The Daily REITBeat | Thursday, February 6th, 2025
The Daily REITBeat | Thursday, February 6th, 2025
"So Much to Say"

Good Morning!
Futures mixed at the time of this writing as talking heads focus on the same recent topics such as corporate earnings season, trade tariff impacts, treasury pricing and tomorrow’s January Nonfarm Jobs report.
From Bloomberg
"US stock index futures wavered as heavyweights including Ford Motor Co. and Qualcomm Inc. slumped in premarket trading after disappointing earnings.
S&P 500 futures were little changed after erasing an early gain fueled by Treasury Secretary Scott Bessent’s comment that the Trump administration is focusing on bringing down the Treasury 10-year yield. Contracts on the Nasdaq 100 slipped 0.1%.
Bessent said in an interview with Fox Business on Wednesday that when it comes to the Federal Reserve, “I will only talk about what they’ve done, not what I think they should do from now on.” He repeated his view that expanding energy supply will help lower inflation. But some investors said 10-year yields are unlikely to go much lower while sticky prices and a resilient economy damp expectations of further Fed policy easing.
The 10-year Treasury yield ticked about two basis points higher on Thursday, though it’s still close to a one-month low.
“It is difficult to see the 10-year yield come down a lot unless the economy slows significantly,“ said David Zahn, a senior vice president at Franklin Templeton Investment Management. “If that happens, which isn’t what they want, then I can see 10-year yields going lower.”
More earnings are expected today, with Amazon.com Inc. due to release results after the close. "
In REIT News
AVB, FR, MAA, OHI, REXR, SAFE, TRNO, UDR announced quarterly earnings while CDP, CPT, CUZ, EGP, PECO, PINE, REG announce after the close of trading and KIM announces tomorrow morning before the open
DOC priced $500 million of 5.375% senior unsecured notes due 2035 on behalf of its operating partnership and intends to use the net proceeds to repay borrowings outstanding under its commercial paper program and for general corporate purposes, which may include repaying or repurchasing other indebtedness, working capital, acquisitions, development and redevelopment activities, and capital expenditures
AMT announced that its Board of Directors has elected Rajesh (“Raj”) Kalathur as a director
Yesterday, DEA announced that it has offered recommendations to the leaders of the Department of Government Efficiency (DOGE) in support of their goal to make the General Services Administration (GSA) more efficient
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Have a great day!
David Auerbach