The Daily REITBeat | Wednesday, April 22nd, 2026

"Indefinite Extension"

Author

David Auerbach
April 22, 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

Today’s Newsletter (April 22nd, 2026)

Futures in the green at the time of this writing as talking heads focus on the indefinite extension on the ceasefire with Iran as more attention focuses on what is going on in the Strait of Hormuz as its mostly closed. Earnings, oil, commodities, treasuries getting coverage.

From Bloomberg

  • "US stock futures rose after President Donald Trump indefinitely extended his ceasefire with Iran on a day when traders will also focus on a broad slate of corporate earnings.

  • Brent briefly climbed above $100 a barrel as talks earmarked for Islamabad failed to take place, leaving the Strait of Hormuz mostly shut. S&P 500 contracts advanced 0.5% following the benchmark’s first back-to-back loss this month. 

  • Tesla Inc. will be the main focus of corporate results on a busy day for US earnings. A slate of chip names including Texas Instruments Inc. and Lam Research Corp. is also due to report, with the Philadelphia Semiconductor Index eyeing its longest winning streak ever after 15 days of gains. Boeing Co. is among a group of industrials set to release results."

In REIT News

  • Truist Securities upgrades SBAC to Buy from Hold (raise price target by $54 to $247)

  • Yesterday, B. Riley initiated STRW with a Neutral rating ($13.50 price target)

  • Yesterday, Freedom Broker downgraded SILA to Hold from Buy (lowered price target by $5 to $30)

  • ADC, ELS announced quarterly earnings while BDN, CCI, EGP, EPRT, FR, GTY announce after the close of trading

  • NHP priced 38,500,000 shares of its Class A common stock in an initial public offering at $12/share raising gross proceeds of $462 million and intends to use the net proceeds received from the offering to repay approximately $186.0 million of outstanding indebtedness under its revolving credit facility, to fund potential future property acquisitions and for other general corporate purposes

  • NHI executed a purchase and sale agreement to sell its portfolio of 32 skilled nursing facilities and three independent living facilities to National HealthCare Corporation, the current lessee, for $560.0 million and expects to use the net proceeds to repay outstanding borrowings and to fund future investments consistent with its capital allocation strategy

  • VICI entered into a new triple-net lease agreement with an affiliate of Clairvest with respect to the real property of Northfield Park and also entered into an amendment to the master lease between VICI Properties and MGM Resorts following the sale of the operations of MGM Northfield Park (Northfield, OH) to an affiliate of funds managed by Clairvest Group Inc.

  • ILPT priced $1.62 billion of five-year, interest-only fixed rate mortgage financing for its consolidated JV, Mountain Industrial REIT LLC, at an interest rate of 5.71% where proceeds will refinance the JV’s $1.4 billion of floating rate mortgage debt due in March 2027 and $0.2 billion of fixed rate amortizing mortgage debt

  • BXP published its 2025 Sustainability & Impact Report which provides details on its approach, goals, key performance indicators, leadership, and reporting methodologies related to sustainability, social impact, and governance

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Welcome your comments and feedback.

Have a great day!

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.