The Daily REITBeat | Tuesday, October 21st, 2025

"Notes Are Rarely Wrong"

Author

David Auerbach
October 21, 2025

Announcing the Launch of REIT TV!!

Our goal with REIT TV is to bring you all the educational content provided by sources such as Nareit, CNBC, Bloomberg and others so you can create your own customized viewing channel of REIT videos.

Currently, we have over 675 videos in the hopper from the last year or so which represents just under 100 hours of video footage.

New content will be added daily and we are going to be launching a "LIVE" component as we grow the platform.

Please alert us to bugs or if you have suggestions and ideas on how to improve this.

We have a lot of kinks to work out and tags to add to the videos but wanted to start sharing this new channel that benefits the entire REIT industry.

Check out the channel at https://reittv.com/

Today’s Newsletter (October 21st, 2025)

Futures mixed at the time of this writing as talking heads focus on the usual topics such as a busy earnings season, the government shutdown, trade tariffs and relations with China along with the movement in treasuries and crypto.

From Bloomberg

  • "The global stock rally stalled as investors weighed trade tensions and the potential impact of upcoming US inflation data while parsing the latest earnings news.

  • Futures on the S&P 500 and Nasdaq 100 erased early gains, suggesting Monday’s Wall Street rally of more than 1% is set to to fizzle. A gauge of the dollar rose for a third day as the greenback advanced against all Group-of-10 peers. Gold and silver slid in a strong retreat from recent highs as the dollar strengthened.

  • The S&P 500 has logged its biggest two-day gain since June as the third-quarter earnings season gets into full swing, with about 85% of US firms beating profit estimates so far."

In REIT News

  • Wells Fargo upgrades KRG to Overweight from Equalweight (maintain $25 price target)

  • BNP Paribas Exane downgrades REXR to Neutral from Outperform (maintain $47 price target)

  • PLD priced C$700 million of 3.60% notes due 2032 and intends to use the net proceeds for general corporate purposes, which may include the repayment of borrowings under the Issuer's global lines of credit, a Canadian dollar secured mortgage loan and possibly other debt

  • FCPT announced the acquisition of an Outback Steakhouse property located in a highly trafficked corridor in Missouri for $2.4 million and noted that the property is corporate-operated under a triple net lease with approximately eight years of term remaining and priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs

  • SITC announced a special cash distribution of $1.00/common share payable on November 14, 2025 to shareholders of record at the close of business on October 31st

Download today’s Daily REIT Beat here!

The Daily REITBeat 10-21-25.pdf791.83 KB • PDF File

Welcome your comments and feedback.

Have a great day!

David Auerbach