The Daily REITBeat | Tuesday, July 15th, 2025

"Banking On It?"

From Bloomberg

"A rally in tech stocks led markets higher after the US cleared Nvidia Corp. to sell advanced computer chips to China, lifting sentiment on a busy day that also features inflation data and big bank earnings.
Nasdaq 100 contracts rose 0.6% and S&P 500 futures climbed 0.3%. Nvidia and Advanced Micro Devices Inc. strengthened more than 4% in early trading. JPMorgan Chase & Co. fluctuated as the lender’s investment bankers eked out a surprise second-quarter gain.
Short-dated US government bond yields rose after Treasury Secretary Scott Bessent said it would be confusing for Federal Reserve Chair Jerome Powell to remain at the central bank after his term ends, adding that a “formal process” has already begun to identify a potential successor.
For Nvidia, the approval of export licenses for the H20 chip not only boosts its earnings prospects but also bodes well for progress in trade talks between the White House and key partners. With stocks trading near record highs, investors will also gain a clearer read on corporate health as major banks mark the unofficial start of earnings season."

In REIT News

Morgan Stanley initiates ELS with an Equalweight rating ($67.50 price target)
Morgan Stanley initiates SUI with an Equalweight rating ($135 price target)
Wolfe Research downgrades O to Peer Perform from Outperform
ESRT announced that George L. W. Malkin has joined its Board of Directors effective July 13, 2025
Yesterday, SQFT entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 170,830 shares of common stock (and common stock equivalents) at a purchase price of $12.00 per share resulting in gross proceeds of approximately $2.05 million
Yesterday morning, EQIX announced the appointment of Shane Paladin as Executive Vice President and Chief Customer and Revenue Officer (CCRO) effective immediately
Yesterday morning, ARE announced that it has executed a 16-year lease with a longtime multinational pharmaceutical tenant for a 466,598 RSF build-to-suit research hub on the Campus Point by Alexandria Megacampus in the University Town Center submarket of San Diego which represents its largest life science lease in company history

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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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