Good Morning!

Futures in the green at the time of this writing as talking heads set the stage for today’s CPI report ahead of tomorrow’s PPI following another deep selloff in the markets. 10-year hovers near 4.30% ahead of the CPI print.

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In REIT News

• BNP Paribas Exane upgrades MPW to Outperform from Neutral (raise price target by $4 to $9)

• Raymond James upgrades RYN to Outperform from Market Perform ($31 price target)

• AMT priced $650 million of 4.90% senior unsecured notes due 2030 and $350 million of 5.35% senior unsecured notes due 2035 and intends to use the net proceeds to repay the 2.400% Notes, to repay existing indebtedness under the 2021 Multicurrency Credit Facility and the 2021 Credit Facility, and for general corporate purposes

• GNL announced the appointment of Leon C. Richardson to its Board of Directors effective March 7, 2025

• WSR announced that it has signed a lease with The Picklr, the world’s fastest-growing operator of indoor pickleball facilities, to open a 20,909 sf location at Terravita Marketplace in Scottsdale, AZ

• BRT announced that the Board of Directors approved the extension of the Company’s share repurchase program through December 2026 and increased the value of the shares to be repurchased to $10 million

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Have a great day!

David Auerbach