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- The Daily REITBeat | Tuesday, January 28th, 2025
The Daily REITBeat | Tuesday, January 28th, 2025
"Much Bigger"
David Auerbach
January 28, 2025
**Next Daily REITBeat Newsletter will be Monday, February 3rd, 2025**
Good Morning!
Futures mixed at the time of this writing as talking heads focus on yesterday’s rollercoaster session with DeepSeek in focus along President Trump’s comments on trade tariffs.
From Bloomberg
"US stock futures fluctuated after Monday’s tech-fueled selloff, paring an earlier advance as traders scooped up beaten-down chipmakers and power providers.
Nasdaq 100 contracts added 0.1% following a 3% retreat on Monday and S&P 500 futures were steady. Nvidia Corp. jumped 4% in pre-market trading after plunging 17% yesterday. Broadcom Inc. and Marvell Technology Inc. advanced. Constellation Energy Corp, which helps AI’s power-hungry data centers, gained 3% after yesterday’s 21% wipeout. In Europe, stocks climbed on the back of upbeat earnings.
Meanwhile, the dollar strengthened against its major peers and copper fell on President Donald Trump latest comments about tariffs to reporters on Monday night. The US president said he wants to enact across-the-board tariffs that are “much bigger” than 2.5%. In a speech from Florida, he also pledged tariffs on specific sectors, including semiconductors, pharmaceuticals, steel, copper and aluminum.
“I remain an equity bull, and would view this as a dip to be bought,” said Michael Brown, senior research strategist at Pepperstone Group Ltd. “That said, understandably, conviction to ‘catch a falling knife’ might be a little lacking for the time being.”"
In REIT News
BMO initiates SKT with a Market Perform rating ($36 price target)
Scotiabank initiates AHH with a Sector Perform rating ($11 price target)
ARE and ELS announced quarterly earnings while BXP announces after the close of trading
COLD announced plans to develop its first Import-Export Hub in Canada at Port Saint John in New Brunswick noting that Americold will invest between $75 and $80M to develop this conventional import-export hub that will provide approximately 22K pallet positions in Port Saint John and the facility will connect Americold with two of its key strategic partners, DP World and CPKC, in one location to provide a more optimized cold chain for food moving between Canada and its global trading partners
EPR announced that its Board of Trustees has elected John Peter (JP) Suarez to serve as an independent trustee on its board effective January 24, 2025
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Welcome your comments and feedback.
Have a great day!
David Auerbach