- The Daily REITBeat
- Posts
- The Daily REITBeat | Thursday, July 17th, 2025
The Daily REITBeat | Thursday, July 17th, 2025
"Coming Back?"
David Auerbach
July 17, 2025
**There will be no Daily REITBeat Newsletters tomorrow or Monday. Next daily publication will be Tuesday, July 22nd**
Retail Advisor Outreach Program
Are you a publicly-traded REIT trying to raise awareness with retail advisors?
Send us a message to learn about how we have built out a program to hit advisors and investors around the REIT properties we interact with every single day.
We have done this engagement with a handful of REITs and are in conversation with others to launch direct marketing campaigns.
Daily REITBeat Survey
Can we ask you to spend a few minutes filling out this survey for us please?
We are trying to get a better understanding of our readership and what we should be including in the Daily/Weekly publications!
Futures mixed at the time of this writing as talking heads focus on earnings, tariffs, commodities/crypto/treasuries and the fate of Federal Reserve Chairman Powell and his potential replacement.
From Bloomberg
"The dollar staged a comeback as dip-buyers stepped in, following Wednesday’s brief bout of panic over the future of Federal Reserve Chair Jerome Powell. Technology stocks advanced.
The greenback added 0.3%, resuming its month-to-date climb, underpinned by fading expectations for US interest-rate cuts in 2025. Equities in Europe and Asia rose after Taiwan Semiconductor Manufacturing Co. raised its revenue growth outlook, reinforcing investor confidence in the strength of global spending on artificial intelligence. Futures for the Nasdaq 100 gained 0.2%.
Speculation over Powell’s future rattled markets on Wednesday before US President Donald Trump downplayed the prospect of replacing the Fed Chair. Trump, who has long pushed for lower interest rates, has made no secret of his frustration with Powell.
US Treasury yields advanced across the curve, with the 10-year rate rising two basis points to 4.48%. New York Fed President John Williams defended the central bank’s restrictive policy stance, calling it entirely appropriate."
In REIT News
Mizuho upgrades BRX to Outperform from Neutral (maintain $29 price target)
FR, REXR, SLG announced quarterly earnings
SLG signed a new 64,077 sf lease with Sigma Computing, Inc. for a portion of the 3rd floor at One Madison Avenue, bringing the property to 78.1% leased and to date in 2025, the Company has signed Manhattan office leases totaling 1,260,707 sf, while maintaining a current pipeline of approximately 1.0 million sf
VNO completed a $450 million refinancing of PENN 11, a 1.2 million sf Manhattan office building located in THE PENN DISTRICT where the five-year interest only loan matures in August 2030 and has a fixed rate of 6.35% and the Company paid down by $50 million the prior $500 million loan that bore interest at a rate of SOFR plus 2.06% (swapped to fixed at an all-in rate of 6.28%) and was scheduled to mature in October 2025
Yesterday morning, NXRT announced that its operating partnership closed on the refinancing of its existing corporate revolving credit facility with J.P. Morgan Chase Bank, Raymond James Bank, Royal Bank of Canada, and Synovus which has an initial maturity of June 2028 that may be extended until June 2029 as the new credit facility spread has been improved by 15 bps across all leverage ratios compared to the prior corporate credit facility
Download today’s Daily REIT Beat here!
|
Welcome your comments and feedback.
Have a great day!
David Auerbach