- The Daily REITBeat
- Posts
- The Daily REITBeat | Wednesday, September 24th, 2025
The Daily REITBeat | Wednesday, September 24th, 2025
"Aye Aye AI"
David Auerbach
September 24, 2025
Futures in the green at the time of this writing as talking heads focus on tech stocks such as Alibaba and Micron along with markets upward momentum ahead of some key housing data coming due later this morning.
From Bloomberg
"US stocks are set to resume their rally after a pledge by Alibaba Group Holding Ltd. for more spending and an upbeat forecast from Micron Technology Inc. reinforced optimism over artificial intelligence.
Nasdaq 100 futures rose 0.3% after big tech’s slide in the prior session broke a streak of US stock records. Alibaba jumped 9% in typhoon-hit Hong Kong on plans to boost AI spending beyond an initial $50 billion target. Micron rose in premarket after strong earnings underscored the boom’s ongoing momentum.
The dollar recovered 0.3% after back-to-back losses. US Treasuries were little changed, with the 10-year yield at 4.11%. Gold tested fresh highs. European stocks slipped 0.3%, mirroring Tuesday’s Wall Street losses.
Bullishness over AI’s vast potential has fueled multiple all-time highs in stocks this year, offsetting worries about geopolitical risks and trade tensions. Prospects for rapid Federal Reserve policy easing have added to the buoyant mood, as investors bet that lower interest rates and a resilient economy will lift corporate earnings.
“There could be short-term ripples, but the big story for markets is the overwhelmingly easy monetary policy and the huge capex boom in AI,” said Alexandra Morris, an investment director at Skagen. "
In REIT News
BMO upgrades LTC to Market Perform from Underperform (maintain $39 price target)
BNL priced $350 million of 5.00% senior notes due 2032 on behalf of its operating partnership and intends to use the net proceeds to fund potential acquisition opportunities, to repay amounts outstanding under its unsecured revolving credit facility, term loans and other indebtedness, and for other general corporate and working capital purposes
CDP priced $400 million of 4.50% senior notes due 2030 on behalf of its operating partnership and intends to use the net proceeds for general corporate purposes, including, without limitation, the repayment at maturity of the 2.25% Senior Notes due 2026 and paying down amounts outstanding under the unsecured revolving credit facility and an existing term loan
BXP announced that its operating partnership intends to offer $600 million aggregate principal amount of exchangeable senior notes due 2030 and intends to use the net proceeds to pay the cost of the capped call transactions, and the remainder to fund in part the repayment or redemption, as applicable, of the $1.0 billion aggregate principal amount of its 3.650% senior notes due 2026 that are scheduled to mature on February 1, 2026
CSR completed the disposition of five communities comprising 832 homes in the St. Cloud, MN, market for an aggregate sale price of $124.0 million noting that the transaction marks the Company's exit from the St. Cloud market while the Company's planned disposition of seven communities in Minneapolis remains on track with an expected closing in Q4 2025
CTRE announced that William M. Wagner, the Company’s Chief Financial Officer and Treasurer, plans to retire in early 2026 while Derek Bunker, current Senior Vice President of Strategy and Investor Relations, is expected to succeed Mr. Wagner as Chief Financial Officer effective January 1, 2026 plus announced the acquisition of two cares homes with 265 beds in the United Kingdom for approximately $27 million
CTO announced the approval by its Board of Directors of a new $10 million common stock repurchase program plus the Company concluded its previous $5 million common stock repurchase program under which approximately $4.3 million of the Company’s common stock was repurchased over the past 60 days
Download today’s Daily REIT Beat here!
|
Welcome your comments and feedback.
Have a great day!
David Auerbach