The Daily REITBeat | Monday, July 14th, 2025
"Intensified..."
- "US equities are poised to extend a retreat from an all-time high after the Trump administration intensified its trade war. The risk-off tone stopped short of cryptocurrencies, with Bitcoin surging past $120,000.
- S&P 500 futures slipped 0.4%, setting the US benchmark up for back-to-back losses. Europe’s Stoxx 600 also dropped, with trade-sensitive automakers among the biggest decliners. Bitcoin rallied alongside broader gains in digital assets as the US House prepared to consider legislation that would advance President Donald Trump’s crypto-friendly agenda.
- US Treasuries fell as bond markets remained fragile at the start of a week packed with economic data. The dollar was little changed.
- Trump’s weekend threat to impose 30% tariffs on the European Union and Mexico is testing market resilience, following a series of escalated trade measures against multiple partners. While traders largely view them as a bargaining tactic and expect final tariffs to be softer, the moves have injected uncertainty just as the S&P 500 was trading near record highs."
- Wells Fargo upgrades OHI to Overweight from Equalweight (raise price target by $3 to $41)
- PSA announced with Ki Corporation a revised non-binding indicative offer to acquire Abacus Storage King for cash consideration of A$1.65 per stapled security as both parties have agreed to proceed with due diligence based on the revised terms
- On Friday, LAND announced that its board of directors has authorized a share repurchase program for up to $20 million of the Company’s 6.00% Series B Cumulative Redeemable Preferred Stock and up to $35 million of the Company’s 6.00% Series C Cumulative Redeemable Preferred Stock
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David Auerbach & Mary Jensen
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David Auerbach
dauerbach@irrealized.com
214.492.3777
David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.
Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET).
Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: PRVT). Additionally, he acts as a consultant with IRRealized, LLC, focusing on corporate access in the REIT industry.
David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry. At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.
Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, TD Ameritrade, and Bloomberg.
David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.
In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.
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Last updated: 2025-12-07 - v0.3