The Daily REITBeat | Thursday, July 31st, 2025

"Gotta Wait..."

Author

David Auerbach
July 31, 2025

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Today’s Newsletter (July 31st, 2025)

Futures in the green at the time of this writing as talking heads focus on corporate earnings including Microsoft results, tariff deadline and yesterday’s Federal Reserve press conference.

From Bloomberg

  • "Stocks rose as Big Tech earnings delivered on optimism around the AI boom, putting Microsoft Corp. on course to become the second company to reach a $4 trillion market capitalization.

  • Futures for the S&P 500 advanced 0.9% and those for the Nasdaq 100 gained 1.3% as Microsoft and Meta Platforms Inc. surged in premarket trading after they pledged to spend lavishly on artificial intelligence and reported upbeat earnings.

  • If even a portion of Microsoft’s 8% premarket gain holds through the start of cash trading, the tech giant is set to match the feat of Nvidia Corp., which hit the $4 trillion milestone earlier this month. 

  • Headline-grabbing earnings are helping to allay fears about a tariff-driven slowdown in the world’s biggest economy and justifying high stock valuations. Investors are also navigating trade tensions and central bank decisions. 

  • “It’s really the good results in the US which are providing a tailwind for markets,” said Karen Georges, a fund manager at Ecofi. “We needed the Mag 7 to deliver this quarter for the rally to continue throughout the summer.”"

In REIT News

  • Yesterday, Morningstar downgraded WELL to Sell from Hold (maintain $146 price target)

  • AHT, AVB, BNL, CIO, EPR, EQIX, EXR, HST, INVH, IRT, KIM, KRG, MAA, MPW, MRP, OPI, PGRE, PSA, SUI, UDR, VICI, VTR, WSR announced quarterly earnings while ADC, AMH, BHR, CPT, CUBE, CUZ, HR, OHI, PK announce after the close of trading and XHR announces tomorrow morning before the open

  • EPR announced that Gregory E. Zimmerman recently notified the Company of his intention to retire from his position as Executive Vice President and Chief Investment Officer in the first quarter of calendar year 2026 and the Company has hired Ben Fox, who will be joining the Company in August 2025, as an Executive Vice President and is expected to succeed Mr. Zimmerman as Chief Investment Officer upon Mr. Zimmerman’s retirement from such position

  • AHT extended its Highland mortgage loan secured by 18 hotels noting that the loan, which had an original final maturity date of April 9, 2025, now has a maturity date of January 9, 2026, subject to a six-month extension option to July 9, 2026, upon satisfaction of certain conditions and as part of the extension, the loan was paid down to a current balance of $733.6 million, or approximately 68% of appraised value as the loan now bears interest at a floating rate of SOFR + 4.13%

  • SBRA released its fifth annual Sustainability Report for the fiscal year 2024 which highlights their ongoing commitment to integrate sustainability into its business strategy to drive initiatives that support its tenants and operators to improve the quality of life of their residents, create healthier and more supportive environments for staff and enhance the long-term resilience of its portfolio

  • Fitch Ratings assigned KRC and its limited partnership first-time Long-Term Issuer Default Ratings of “BBB-“ along with its senior unsecured notes, term loans and revolving credit facility with a stable outlook

  • Yesterday, S&P Global raised EQIX’s ratings, including its issuer credit rating, to “BBB+” from “BBB” with a stable outlook and removed ratings from “under criteria observation”

  • Yesterday morning, TRNO announced that it sold an industrial property located in Tukwila, WA on July 28, 2025 for a sale price of approximately $9.5 million noting that the property consists of a 2.1-acre improved land parcel which is 100% leased and the unleveraged internal rate of return generated by the investment was 10.3%

  • Yesterday morning, CCI released its 2024 Sustainability Report and updates to its sustainability website

Download today’s Daily REIT Beat here!

The Daily REITBeat 7-31-25.pdf758.86 KB • PDF File

Welcome your comments and feedback.

Have a great day!

David Auerbach