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- The Daily REITBeat | Tuesday, August 5th, 2025
The Daily REITBeat | Tuesday, August 5th, 2025
"Bring It On?"
David Auerbach
August 05, 2025
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Futures in the green at the time of this writing as talking heads focus on the usual topics including earnings season, tariffs, treasuries/commodities/bitcoin and potential Federal Reserve interest rate cuts. Markets seemed to have shrugged off the jobs report from Friday.
From Bloomberg
"US equity futures extended a rebound stoked by robust corporate earnings and bets on Federal Reserve interest-rate cuts.
Futures on the S&P 500 climbed 0.3% after the underlying gauge jumped the most since May as dip buyers stepped in following last week’s steep selloff. Contracts on the Nasdaq 100 rose about 0.4%.
Pfizer Inc. shares jumped more than 3% in premarket trading after the drugmaker beat analysts’ estimates for revenue and raised it earnings guidance.
Traders are increasingly pricing in Fed rate cuts after Friday’s weak jobs report, which dragged down stocks and sent bond prices sharply higher. Equities have rebounded from their April lows, driven by growing conviction that corporate America can absorb the impact from tariffs and that the Fed will step in to stave off a recession.
“It seems like this is a bull market that you just can’t keep down for especially long, even if my conviction in the bull case has been shaken somewhat,” said Michael Brown, senior research strategist at Pepperstone Group Ltd. “It seems that all the equity bulls needed was a break over the weekend to think up a reason as to why they should be buying the dip.”"
In REIT News
AHH, CSR, DEA, DHC, EQR, LTC, NNN, NSA, PSTL, RHP, SBAC, SBRA, SKT, SPG, UNIT, VNO announced quarterly earnings while DEI, ELME, GMRE, HPP, INN, OUT, SAFE, SITC, SVC report after the close of trading and CLDT, IRM, LINE, SHO announce tomorrow morning before the open
MRP priced an upsized $1.25 billion of 6.375% senior notes offering due 2030 and intends to use the net proceeds of the Offering (i) to repay $500 million principal amount outstanding under the Company’s term loan credit agreement, dated June 24, 2025 and maturing June 23, 2026, (ii) to repay $450 million principal amount of outstanding borrowings under the Company’s revolving credit agreement dated February 7, 2025, and (iii) for general corporate purposes plus Moody’s assigned a first-time “Ba2” corporate family rating and “Ba2-PD” probably of default rating with a stable outlook
CCI announced that its Board of Directors has appointed Christian Hillabrant as President and Chief Executive Officer, effective September 15, 2025 as Mr. Hillabrant is also expected to join the Company’s Board at that time while Dan Schlanger will continue to serve as the Company’s Interim President and CEO until Mr. Hillabrant joins the Company and will work closely with him to ensure a seamless transition and effective on Mr. Hillabrant’s start date, the Board is expected to appoint Mr. Schlanger to the role of Executive Vice President and Chief Transformation Officer, responsible for overseeing the completion of the Company’s sale of its small cells and fiber solutions businesses, which is expected to close in the first half of 2026
S&P Global placed ELME’s ratings, including its “BBB” issuer credit rating on CreditWatch with negative implications following the announcement that it has entered into a definitive agreement to sell 19 assets to Cortland Partners LLC and plans to liquidate the remainder of its assets
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David Auerbach