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- The Daily REITBeat | Tuesday, September 30th, 2025
The Daily REITBeat | Tuesday, September 30th, 2025
"Fizzled Out?"
David Auerbach
September 30, 2025
Futures in the red at the time of this writing as talking heads focus on the potential government shutdown along with various jobs reports coming due this week along with the potential impact of a delay in the Nonfarm Payrolls report due to the shutdown.
From Bloomberg
"Stocks and the dollar slipped as the rising risk of a US government shutdown weighed on most asset classes. Gold’s record-breaking rally came to a halt.
Gold fell toward $3,800 an ounce after touching a fresh all-time high earlier Tuesday. After surging more than 10% this month on optimism over US interest rate cuts and haven demand, traders speculated that Chinese investors pared exposure ahead of the Golden Week holiday.
S&P 500 futures fell 0.2%. BHP Group Ltd. retreated in London after China’s state-run iron ore buyer temporarily halted purchases from the Australian miner. The dollar edged lower, erasing September’s advance. Treasuries were set to close out a third straight quarter of gains.
Traders are looking ahead to a series of US labor reports due this week to gauge the Fed’s next move, with the release of Friday’s key payrolls report in doubt amid a budget impasse in Congress. The uncertainty comes as the S&P 500 is headed for its best September in 15 years, fueled by looser policy, strong earnings and optimism over artificial intelligence.
“The main focus will be the US labor market, which should either confirm or challenge expectations of two more rate cuts in 2025,” said Susana Cruz, a strategist at Panmure Liberum. “If the shutdown delays the release, that could spark some anxiety.””
In REIT News
BDN priced $300 million of 6.125% guaranteed notes due 2031 on behalf of its operating partnership and intends to use the net proceeds to repay its consolidated secured debt and for general corporate purposes, which may include the repayment, repurchase or other retirement of other indebtedness
FCPT announced the acquisition of a VCA Animal Hospital property located in a highly trafficked corridor in New Jersey for $3.4 million noting that the property is corporate-operated under a net lease with approximately eight years of term remaining and priced at a 7.1% cap rate on rent as of the closing date and exclusive of transaction costs plus acquired another VCA Animal Hospital property located in a highly trafficked corridor in Illinois for $6.1 million noting that the property is corporate-operated under a long-term net lease and priced at a cap rate in range with previous transactions
SITC announced the sale of Edgewater Towne Center located in Edgewater, NJ for $53.5 million, prior to closing costs, prorations and other closing adjustments and no proceeds were used to repay mortgage debt
CTRE released its fifth Annual Corporate Sustainability Report detailing significant progress in its Environmental, Social, and Governance (ESG) initiatives and underscores its unique model of promoting sustainability among its triple-net master lease tenants through strategic engagement, financial incentives, and robust reporting
Yesterday, Moody’s affirmed OHI’s “Baa3” senior unsecured rating with a stable outlook
Yesterday morning, TRNO commenced construction of Countyline Corporate Park Phase IV Building 36 in Hialeah, FL which is a 214,000 sf 36-foot clear height rear-load industrial distribution building on 11.7 acres with 75 dock-high and two grade-level loading positions and parking for 185 cars which is 51% pre-leased to an international logistics management company specializing in freight forwarding and consolidating services commencing with building completion and tenant build-out expected to be in the first quarter of 2027 and expiring June 2037 as the estimated stabilized cap rate is 5.8%
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David Auerbach