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- The Daily REITBeat | Wednesday, March 26th, 2025
The Daily REITBeat | Wednesday, March 26th, 2025
"The Uncertainty Drag?"

Good Morning!
Futures mixed at the time of this writing as talking heads continue to focus on trade tariff plans with the April 2nd deadline fast approaching. A lot of key economic data coming over the next couple of days as well including GDP and PCE reports.
From Bloomberg
"Global stocks slipped as investors awaited more clarity on US tariff plans and the economic outlook before President Donald Trump’s April 2 deadline to impose a fresh trade levies.
Europe’s Stoxx 600 index dropped 0.5%, while futures on the S&P 500 and Nasdaq 100 were down about 0.2%, following modest gains on the indexes on Tuesday. In premarket trading, shares in Tesla Inc. and Nvidia Corp. edged lower. Video game retailer GameStop Corp. jumped 12% after it said its board approved adding Bitcoin as a treasury reserve asset.
In Britain, the FTSE 250 gauge of mid-sized stocks advanced about 0.5%, as data showing an unexpected inflation slowdown strengthened the case for the Bank of England to cut interest rates.
The tariffs issue remains front and center for investors, who took comfort earlier this month from the Trump administration’s signal that the coming wave of levies may be less expansive and more targeted than originally feared. However, the president has since sown confusion by saying he didn’t want too many tariff exceptions, but he would “probably be more lenient than reciprocal.”
All that has left investors struggling to work out how to position ahead of the April 2 deadline that Trump has dubbed “Liberation Day.”
“Uncertainty on the tariff front remains ridiculously high, leaving it incredibly tough for businesses or consumers to plan more than about a day into the future, and still making it nigh-on impossible for market participants to price risk,” said Michael Brown, a strategist at Pepperstone Group Ltd. "
In REIT News
COLD priced $400 million of 5.60% senior unsecured notes due 2032 on behalf of its operating partnership and intends to use the general proceeds to repay a portion of the outstanding borrowings under its revolving credit facility, pay fees and expenses incurred in connection with the offering of the Notes and, to the extent there are any remaining proceeds therefrom, for general corporate purposes
GNL announced the successful closing of the first phase of the sale of its multi-tenant portfolio to RCG Ventures, LLC on March 25, 2025 which includes 59 unencumbered properties totaling approximately $1.1 billion in gross proceeds upon closing and the Company expects to remain on schedule to complete the sale of the 41 encumbered properties in two additional phases by the end of the second quarter of 2025 and will use the net proceeds to significantly reduce leverage and pay down the outstanding balance on its Revolving Credit Facility
Yesterday morning, Fitch Ratings affirmed LXP’s “BBB” Long-Term Issuer Default Rating with a stable outlook
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Have a great day!
David Auerbach