Announcing the Launch of REIT TV!!

Our goal with REIT TV is to bring you all the educational content provided by sources such as Nareit, CNBC, Bloomberg and others so you can create your own customized viewing channel of REIT videos.

Currently, we have over 725 videos in the hopper from the last year or so which represents just under 110 hours of video footage.

New content will be added daily and we are going to be launching a "LIVE" component as we grow the platform.

Please alert us to bugs or if you have suggestions and ideas on how to improve this.

We have a lot of kinks to work out and tags to add to the videos but wanted to start sharing this new channel that benefits the entire REIT industry.

Check out the channel at https://reittv.com/

Today’s Newsletter (November 5th, 2025)

Futures in the red at the time of this writing as talking heads

In REIT News

• Evercore ISI upgrades WELL to Outperform from Inline (raise price target by $25 to $208)

• Lucid Capital Markets upgrades GOOD to Buy from Neutral (lower price target by $1 to $13)

• Morningstar upgrades VNO to Hold from Sell (maintain $31 price target)

• AHT, BHR, CLDT, DEI, GMRE, HPP, INN, IRM, LINE, LTC, MAC, PSTL, SILA, SKT announced quarterly earnings while CTRE, GNL, HST, LAND, PEB, RLJ, RYN, SAFE, SBRA, TRNO announce after the close of trading and COLD, LAMR announce tomorrow morning before the open

• HIW priced $350 million of 5.35% unsecured notes due 2033 on behalf of its limited partnership and intends to use the net proceeds to repay outstanding debt, including amounts outstanding under its $750 million unsecured revolving credit facility, to fund property acquisitions and development activity, and for general corporate purposes

• SAFE closed on ground leases for the development of six Affordable Housing communities which will provide more than 400 total units upon completion in 2027 located in Los Angeles, CA noting that the Low-Income Tax Credit projects will be developed by HVN Development, a newly established firm focused on delivering high-quality, efficiently designed Affordable Housing in infill locations throughout Southern California

• BNL reached substantial completion on the first of two maintenance, repair and overhaul hangers, commonly referred to as MROs, at Dayton International Airport as contractually scheduled rent for this facility commenced on November 1, 2025, and will scale up to the fully stabilized amount as final construction work is completed in the coming months and the second MRO facility is scheduled to reach substantial completion in the first quarter of 2026 plus announced that it has secured the land and started construction on two additional build-to-suit developments for Hobby Lobby and Academy Sports, both of which were directly sourced, off-market transactions, and are expected to deliver in the third and fourth quarter of 2026

• WSR announced that it has received an unsolicited, non-binding proposal from MCB Real Estate to acquire all of the outstanding shares of the Company’s common stock for cash consideration of $15.20/share and “the Company’s Board of Trustees will carefully evaluate the proposal to determine if it believes the proposal is in the best interests of all shareholders. Shareholders are not required to take any action at this time.”

• Yesterday morning, S&P affirmed AVB’s “A-“ issuer credit rating on the company and its “A-“ issue-level rating on the unsecured notes plus revised its outlook to positive from stable

• Yesterday morning, S&P affirmed EQR’s “A-“ issuer-credit rating on the company and its limited partnership along with its “A-“ issue-level rating on its unsecured notes and “BBB” issue-level rating on its preferred stock and revised its outlook to positive from stable

• Yesterday morning, FRT announced that Nordstrom Rack plans to open a new 26K sf location at Congressional Plaza located in Rockville, MD in fall 2026

• Yesterday morning, KRG announced that Nordstrom Rack plans to open a new 31K sf location at Northpointe Plaza located in Spokane, WA in fall 2026

• Yesterday morning, PECO announced with Cohen & Steers Income Opportunities REIT, Inc. that they acquired Rio Hill Shopping Center, a 288K sf grocery-anchored open-air shopping center in the Charlottesville, VA market as part of its programmatic JV noting that it is leased to desirable retailers including Kroger and two TJX Cos concepts plus announced that Nordstrom Rack will open a 25K sf store at Murphy Marketplace located in Murphy, TX in spring 2027

Download today’s Daily REIT Beat here!

Welcome your comments and feedback.

Have a great day!

David Auerbach