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- The Daily REITBeat | Wednesday, June 4th, 2025
The Daily REITBeat | Wednesday, June 4th, 2025
"NAREIT Lite Edition"
David Auerbach
June 04, 2025
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Good Morning!
With no press releases put out by companies in the past day due to “all hands on deck” at NAREIT, the publication is light on the headline front today.
Futures in the green at the time of this writing as talking heads focus on all the jobs reports this week capped off Friday by the May Nonfarm Payrolls report and the other topics such as tariffs and trade impact, commodities, treasuries, and crypto movement along with news from the Federal Reserve that Wells Fargo is no longer subject to asset growth restrictions imposed in 2018.
From Bloomberg
"US stock futures extended gains as investors await further data on the labor market, which has so far held up better than expected amid the Trump administration’s trade war.
S&P 500 contracts rose 0.2% after the US benchmark posted consecutive advances for the first time since mid-May. MSCI’s gauge for global equities hit an all-time high after gains in European and Asian stocks. The dollar and US Treasuries were little changed.
While some economists fear a notable weakening in US employment in the coming months under the weight of tariffs, that hasn’t shown up in the data yet. The muted impact has lifted optimism and helped offset concerns over President Donald Trump’s trade policies, which economists have warned could lead to an economic slowdown.
Investors will follow services data and ADP’s report on private-sector employment later Wednesday for updated information on the strength of the US economy, ahead of Friday’s nonfarm payrolls report."
In REIT News
With no headlines today, I thought I would share this comment just published this morning by Commercial Property Executive highlighting sentiment at the NAREIT conference yesterday: “With macroeconomic uncertainties hanging over the CRE industry, it helps to own the best assets in your property class and to have the financial flexibility that comes with high creditworthiness. That was one of the key takeaways from yesterday’s Nareit REITWeek investor conference. Despite tariffs, higher-for-longer interest rates and the threat of stagflation if not recession, REITs maintain their access to cost-effective capital and that’s helping them seize growth opportunities.”
https://www.commercialsearch.com/news/reitweek-special-report-the-resilience-of-reits/
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Have a great day!
David Auerbach