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- The Daily REITBeat | Tuesday, May 12th, 2026
The Daily REITBeat | Tuesday, May 12th, 2026
"Increasingly Fragile?"
David Auerbach
May 12, 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 in the red at the time of this writing as talking heads focus on today’s pivotal CPI report, the US/Iran conflict ceasefire “on life support” and Ebay rejecting GameStop’s acquisition proposal.
From Bloomberg
"A retreat in high-flying technology stocks is dragging equities lower as traders wait for US inflation data. Brent rose for a third straight day, with the ceasefire in the Middle East appearing increasingly fragile.
Nasdaq 100 futures fell 0.9% after a rally in chipmakers pushed the index to back-to-back record highs. S&P 500 contracts slipped 0.4%. Fears of new taxes on AI profits roiled Samsung Electronics Co. and SK Hynix Inc. in South Korea. The tech sector also underperformed in Europe as the Stoxx 600 dropped 0.7%.
In the UK, investors dumped gilts as Prime Minister Keir Starmer resisted growing pressure to step down. The yield on UK government debt surged eight basis points or more across the curve, with the 30-year rate briefly touching a 1998 high of 5.79%. The pound fell against major peers.
Tech stocks are taking a breather amid growing fears that an unprecedented rally has run too far. The impasse between the US and Iran is also weighing on sentiment, with the Strait of Hormuz remaining all but shut after more than two months of war and failed diplomacy. Brent rose 3% to above $107 a barrel."
In REIT News
Yesterday, Freedom Broker upgraded O to Buy from Hold (maintain $69 price target)
MAC priced an upsized public offering of 19.2 million shares of common stock at $21/share raising gross proceeds of $403.2 million and intends to use the net proceeds to repay borrowings under its revolving credit facility, which were used primarily to fund the acquisition of Annapolis Mall, and for general corporate purposes, including to acquire additional properties and to fund strategic leasing capital investments at Annapolis Mall
WPC announced YTD investment volume totaling approximately $1.1 billion, including investment volume totaling approximately $400 million completed since it reported its first quarter 2026 financial results on April 28, 2026 and currently has visibility into investment volume totaling approximately $1.5 billion over the remainder of 2026
HIW published its 2025 Corporate Resiliency Report which highlights its ongoing commitment to owning and operating a resilient, high-quality office portfolio that thrives in all economic cycles
Fitch Ratings affirmed EPR’s “BBB-“ Long-Term Issuer Default Rating with a stable outlook
Yesterday morning, Caddis Capital LLC issued a statement “reaffirming the firm’s support for FRMI’s Board of Directors, the Company’s management team, and its long-term strategic plan (and) also underscored its opposition to the proposals recently advanced by the Company’s disgruntled former CEO, who was fired for cause.”
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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.