Announcing the Launch of REIT TV!!

Our goal with REIT TV is to bring you all the educational content provided by sources such as Nareit, CNBC, Bloomberg and others so you can create your own customized viewing channel of REIT videos.

Currently, we have over 725 videos in the hopper from the last year or so which represents just under 110 hours of video footage.

New content will be added daily and we are going to be launching a "LIVE" component as we grow the platform.

Please alert us to bugs or if you have suggestions and ideas on how to improve this.

We have a lot of kinks to work out and tags to add to the videos but wanted to start sharing this new channel that benefits the entire REIT industry.

Check out the channel at https://reittv.com/

Today’s Newsletter (November 6th, 2025)

Futures mixed at the time of this writing as talking heads focus on the potential air traffic slowdown/flight cuts with the government shutdown dragging on along with more jobs data highlighting the potential for a December Federal Reserve interest rate cut.

In REIT News

• Piper Sandler downgrades DEI to Neutral from Overweight (lower price target by $5 to $14)

• Piper Sandler downgrades LINE to Neutral from Overweight (lower price target by $14 to $41)

• COLD, CTRE, GNL, HST, LAMR, LAND, NLCP, PEB, PKST, RLJ, RYN, SAFE, SBRA, SITC, SMA, SVC, TRNO announced quarterly earnings while AHR, CPT, DRH, NHI, ONL, OUT, STRW announce earnings after the close of trading and SHO announces tomorrow morning before the open

• VICI entered into an agreement to acquire 100% of the land, real property and improvements of seven casino properties totaling 362,000 square feet of casino space, over 6,000 hotel rooms, 4,306 slot machines and 78 table games from Golden Entertainment, Inc. for $1.16 billion and to enter into a triple-net master lease with a newly formed entity that will be owned and controlled by Blake L. Sartini, current chairman and chief executive officer of Golden, which entity will acquire the operating business of Golden in connection with the closing of the transaction
  EQIX priced $1.25 billion of 4.60% senior notes due 2030 and intends to use the net proceeds to fund development opportunities, acquisition of additional properties or businesses, and other general corporate purposes including but not limited to refinancing upcoming maturities

• PINE priced a public offering of 2 million shares of the Company’s 8.00% Series A Cumulative Redeemable Preferred Stock with a $25.00/share liquidation preference raising gross proceeds of $50 million and expects to use the net proceeds for general corporate and working capital purposes, which may include property acquisitions, commercial loan and investment opportunities and repayment of debt, including amounts outstanding under its credit agreement

• FCPT announced the acquisition of an SCA Health property located in a highly trafficked corridor in Alabama for $3.9 million noting that the property is corporate-operated under a triple net lease with approximately four years of term remaining and priced at a 8.3% cap rate on rent as of the closing date and exclusive of transaction costs

• CBL announced that its Board of Directors authorized a new stock repurchase program for the Company to buy up to $25 million of its common stock which replaces the existing program authorized on May 1, 2025 where under the prior program, the Company had acquired 248,590 shares of stock for $7.3 million

• Yesterday morning, TRNO announced the addition of Paul J. Donahue, Jr. as an independent director effective November 4th and expanding its Board of Directors to eight

Download today’s Daily REIT Beat here!

Welcome your comments and feedback.

Have a great day!

David Auerbach