- The Daily REITBeat
- Posts
- The Daily REITBeat | Wednesday, March 5th, 2025
The Daily REITBeat | Wednesday, March 5th, 2025
"A Tariff Shift?"
David Auerbach
March 05, 2025
Good Morning!
Sorry about no news yesterday as a MASSIVE storm (possible minor tornado) worked its way through the neighborhood causing 5 power poles to snap like a toothpick and sadly a house fire. 19 hours without power but back on at midnight and here with today’s news!
Futures in the green at the time of this writing as talking heads focus on President Trump’s address last evening and then the follow-up actions where some tariffs may be walked back. Jobs data coming into focus the next couple of days as well.
Please Take The Survey??
The Daily REITBeat Newsletter is tailored towards all investors to understand the day-to-day happenings in the world of REITs.
How can I make this newsletter better? Please spend a minute or 2 and fill out this survey?
From Bloomberg
"US stock futures pointed to gains on Wall Street amid hopes President Donald Trump’s administration might walk back some of its tariffs. European equities surged and bunds tumbled on Germany’s spending plans.
Contracts on the S&P 500 index rose 0.4% and Nasdaq 100 futures gained 0.5% as shares of automakers, banks and chip firms jumped in premarket trading after US Commerce Secretary Howard Lutnick hinted at tariff relief for Mexico and Canada. Goldman Sachs Group Inc. and Citigroup Inc. rose more than 1%, while Tesla Inc. was poised to recover from a four-month low.
US equities capped their worst two-day slump since December on Tuesday, before the comments from Lutnick, who told Fox Business that Trump may offer a path to alleviate some tariff pressure. Traders will be watching data due later today for a snapshot of the state of the economy.
“The market doesn’t like uncertainty and tariffs will most likely continue to be an overhang risk,” Nataliia Lipikhina, EMEA equity strategy head at JPMorgan Private Bank, said on Bloomberg TV. “But if we are looking at earnings growth in the US, we actually see double-digit growth in 2025 and 2026. We are buyers of the dip at this point.”
In an address to Congress, Trump acknowledged that there may be an “adjustment period” to tariffs as he defended his policies to remake the US economy. Ten-year Treasury yields traded steady at 4.24%, while the dollar sank 0.4%."
In REIT News
Scotiabank downgrades CUBE to Sector Perform from Sector Outperform (lower price target by $6 to $46)
SILA Announced the $35.12 million acquisition of an inpatient rehabilitation facility located in Knoxville, TN noting that the 70,000 sf facility that was built in 2021 is a 57-bed, inpatient rehabilitation facility offering programs to provide care and therapy for neurological rehabilitation, stroke rehabilitation, brain injuries, spinal cord injuries, amputation, and orthopedics which is fully leased to Knoxville Rehabilitation Hospital, LLC, a joint venture between the University of Tennessee Medical Center, Lifepoint Health, and an affiliate of Community Health Systems, Tennova Healthcare
Download today’s Daily REIT Beat here!
|
Welcome your comments and feedback.
Have a great day!
David Auerbach