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- The Daily REITBeat | Tuesday, August 19th, 2025
The Daily REITBeat | Tuesday, August 19th, 2025
"A New Catalyst?"
David Auerbach
August 19, 2025
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.
Futures mixed at the time of this writing as talking heads focus on Home Depot kicking off retailer earnings with a busy economic calendar coming due the rest of this week capped off by Federal Reserve Chairman Powell speaking in Jackson Hole as investors gauge September interest rate cuts.
From Bloomberg
"US stock futures drifted as earnings from the nation’s biggest retailers kicked off on Tuesday, putting the focus on the strength of American consumers as markets hover near record highs.
S&P 500 contracts dropped less than 0.1%. Intel Corp. advanced more than 5% in early trading, with the Trump administration in talks to take a stake of about 10%. Home Depot Inc. fluctuated as consumers avoided big-ticket purchases last quarter. With Target Corp. and Walmart Inc. also set to report this week, traders will parse the results for clues on consumer sentiment and tariff effects.
Europe’s Stoxx 600 rose 0.5% as signs of progress toward a peace settlement in Ukraine lifted sentiment. A Goldman Sachs Group Inc. basket of European defense stocks dropped as much as 5.7%, with the move amplified by Hamas’s agreement to a truce proposal in Gaza. The euro rose 0.2%.
Treasuries eked out gains after S&P Global Ratings affirmed its AA+ long-term rating for the US, with the 10-year rate falling less than one basis point to 4.33%. The dollar was little changed."
In REIT News
Mizuho upgrades PLD to Outperform from Neutral (raise price target by $9 to $118)
BMO upgrades CCI to Outperform from Market Perform (raise price target by $5 to $120)
KeyBanc upgrades BNL to Overweight from Sector Weight ($20 price target)
KeyBanc upgrades GNL to Overweight from Sector Weight ($9 price target)
KeyBanc downgrades EPR to Sector Weight from Overweight
PLYM announced that it has received an unsolicited, non-binding proposal from Sixth Street Partners, LLC to acquire all of the outstanding shares of the Company’s common stock for cash consideration of $24.10/share and according to the Schedule 13D filed yesterday with the U.S. Securities and Exchange Commission disclosing the proposal, Sixth Street beneficially owns approximately 9.99% of Plymouth’s outstanding common stock plus noted that the Company’s Board of Directors will carefully evaluate the proposal to determine the course of action it believes is in the best interests of all Plymouth shareholders
EPRT priced $400 million of 5.40% senior notes due 2035 on behalf of its operating partnership and intends to use the net proceeds (i) to repay amounts outstanding under its revolving credit facility and (ii) for general corporate purposes, including funding future investment activity
CURB announced an update on its Sustainability Programs and ”expects to complete the Global Real Estate Sustainability Benchmark (GRESB) assessment in 2026, continue to underwrite and analyze acquisition properties utilizing our sustainability framework, and remain active in the communities that our properties serve.”
Yesterday morning, BHR refinanced the existing mortgage loan secured by the Four Seasons Resort Scottsdale at Troon North where the new non-recourse loan has a balance of $180 million and bears interest at a floating rate of SOFR + 3.00%
Yesterday morning, NXRT announced the dual listing of its common stock on NYSE Texas effective August 19, 2025
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Have a great day!
David Auerbach