- The Daily REITBeat
- Posts
- The Daily REITBeat | Wednesday, April 29th, 2026
The Daily REITBeat | Wednesday, April 29th, 2026
"Juggernauts"
David Auerbach
April 29, 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 mixed at the time of this writing as talking heads focus on Chairman Powell’s likely Fed meeting as Chair along with chatter that the US would stick with the blockade of Iranian ports. Oil on the move once again with a busy earnings day and economic calendar coming due.
From Bloomberg
"Stock traders are buying the dip in technology shares as markets get ready for earnings from four juggernauts in a crucial test of whether this month’s rally has room to run.
Nasdaq 100 futures rebounded 0.4% after the index slipped more than 1% in the previous session. Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc. are set to report after the close, with all four firms among the outsized drivers of a four-week rally that has pushed US stocks to record highs. The sector outperformed in Europe and Asia as well.
Treasuries, meanwhile, nudged lower ahead of the Federal Reserve’s latest interest-rate announcement at what is likely Jerome Powell’s final meeting as chair. Brent rose above $114 a barrel after the US signaled it would stick with a naval blockade of Iranian ports, leaving the Strait of Hormuz impassable."
In REIT News
AAT, AKR, BXP, CTO, EQR, ESS, EXR, HIW, IVT, KRG, LXP, OHI, PEB, STAG, UE, WELL, WPC announced quarterly earnings while BNL, CUZ, EQIX, ESRT, FCPT, FPI, ILPT, INVH, IRT, MAA, REG, SBAC, SBRA, UDR, VICI announce after the close of trading and IRM, KIM, MPT, NNN announce tomorrow morning before the open
VNO agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion ($950/sf), a significant discount to replacement cost noting that Park Avenue Plaza is a 45-story, 1.2 million rentable sf building located at 55 East 52nd Street which is 99% occupied
ESRT announced the grand opening of the Rooftop at 1333 Broadway which features a broad variety of open and cabana seating areas, a wet bar, full audio and video capabilities, multiple charging stations, dedicated event and catering partners, and stunning, unobstructed views of the iconic Empire State Building
Moody’s upgraded SVC’s corporate family rating to “B3” from “Caa1” and the guaranteed and non-guaranteed senior unsecured ratings to “B3” and “Caa1” from “Caa1” and “Caa2” respectively with a stable outlook
Yesterday morning, HPP announced its Quixote subsidiaries will commence the phased wind-down of leased sound stage facilities and Atlanta-area operations, along with other ongoing cost optimization efforts which will represent another approximately $21-$27 million in potential annualized cost savings as the Company anticipates these cost savings will begin to materialize in the second half of the year and will provide an updated full-year outlook when it reports first quarter 2026 earnings
Download today’s Daily REIT Beat here!
|
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.