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- The Daily REITBeat | Tuesday, April 28th, 2026
The Daily REITBeat | Tuesday, April 28th, 2026
"All About Capex"
David Auerbach
April 28, 2026
Various Initiatives and Website Links
Hoya Capital: www.hoyacapital.com
4800 Partners (REIT IR/Marketing/PR/Story Telling): www.4800partners.com
All the REIT Jobs Website: www.allthereitjobs.com
B-A-N-D Visual Storytelling: www.b-a-n-d.com/reit
REIT TV: www.reittv.com
REIT Academy: https://reitacademy.com/
Futures mixed at the time of this writing as talking heads focus on tech stocks and concerns about AI investment as Open AI gets a lot of attention. Oil, US/Iran and King Charles also in focus.
From Bloomberg
"Technology stocks led equity markets lower as concerns over whether the vast amount of investment in artificial intelligence will pay off resurfaced. Brent rose above $110 a barrel as the Strait of Hormuz stayed shut.
Nasdaq 100 futures slipped 0.7%, with tech on the back foot after the Wall Street Journal reported that OpenAI recently failed to meet its goals for new users and sales. SoftBank Group Corp., a key backer of ChatGPT’s owner, slumped 9.9% in Tokyo. US-based OpenAI partners including Oracle Corp. and CoreWeave Inc. fell in premarket trading. Nvidia Corp. was poised to drop 1.7% from a record high.
Brent advanced for a seventh straight day. The White House said President Donald Trump will address a proposal from Iran to reopen Hormuz “very soon.” The dollar rose alongside global bond yields. The yen, meanwhile, reversed gains after Bank of Japan Governor Kazuo Ueda refrained from giving a decisive signal on when interest rates may rise. S&P 500 contracts fell 0.3%.
Tech stocks are taking a breather after an 18-day advance in chipmakers fueled a nearly 10% gain in the S&P 500 in April. Resurgent optimism about AI stood behind the charge as the rest of the market lagged due to rising oil prices. Wednesday’s earnings from four hyperscalers will offer the rally another test."
In REIT News
Compass Point initiates AMH with a Buy rating ($37.50 price target)
Compass Point initiates INVH with a Neutral rating ($30 price target)
Morgan Stanley upgrades HIW to Equalweight from Underweight (lower price target by $1 to $23)
AMT, ARE, AVB, BRX, CDP, CURB, KRC, NXRT, PSA, SUI, VTR announced quarterly earnings while AAT, AKR, BXP, CTO, EQR, ESS, EXR, HIW, IVT, OHI, PEB, STAG, WELL, WPC announce after the close of trading and KRG, LXP, UE announce tomorrow morning before the open
SLG secured the asset management assignment to launch the leasing of 15 Laight Street, a 109,000 sf, newly constructed boutique office building in Tribeca owned by the Hyundai Motor Group
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David Auerbach
David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.
Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET). Additionally, he acts as a consultant with 4800 Partners focusing on corporate access in the REIT industry.
Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: REAI).
David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry. At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.
Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, Barron’s, Commercial Observer, Bisnow, CoStar, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, Schwab Network, and Bloomberg.
David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.
In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.