The Daily REIT Beat Newsletter’s Post

🏢 #REIT Headlines -- May 1, 2024📊 📉 Analyst Updates: * Scotiabank downgrades UDR - Opening Doors to your future to Sector Perform from Outperform (maintain $39 price target). * Piper Sandler downgrades Macerich to Underweight from Neutral (lower price target by $6 to $11). 📊 Earnings Releases: * American Assets Trust, Inc., Boston Properties (BXP), Community Healthcare Trust, Essex Property Trust, Extra Space Storage, Farmland Partners Inc., Franklin Street Properties Corp., Industrial Logistics Properties Trust, Invitation Homes, InvenTrust Properties Corp. (IVT), JBG SMITH, Kite Realty Group, NNN REIT, Inc., Piedmont Office Realty Trust, Park Hotels & Resorts, Public Storage, Tanger, STAG Industrial, Inc., UDR - Opening Doors to your future, W. P. Carey Inc. announced quarterly earnings.

📰 #REIT Headlines: 2-16-2024 🚀🏢 Market Moves: 📉 Scotiabank downgrades Digital Realty to Sector Perform from Outperform 💰 Maintains $157 price target Quarterly Earnings Announcements: 💼 Digital Realty, Elme Communities, Hannon Armstrong Sustainable Infrastructure LP , Healthcare Realty, LTC Properties, Inc. (NYSE: LTC), Office Properties Income Trust, Tanger announced 4Q earnings results. Leadership and Succession: 🌟 Armada Hoffler Board Names Shawn Tibbetts President ⏰ The current COO is set to become CEO in spring 2025. 🔄 Deliberate Succession Planning as Louis Haddad's expected retirement aligns with strategic leadership transition. Board Appointment: 🤝 NSA Storage Strengthens Leadership as Lisa Cohn appointed to the Board of Directors. Credit Ratings Update: 📊 Fitch Ratings Maintains Positive Watch on SITE Centers ratings, including senior unsecured debt and preferred shares. 🔄 The news follows its strategic spinoff announcement in October 2023 leading to the creation of Curbline Properties Corp. Stay informed with all the REIT happenings in The Daily REITBeat Newsletter! Learn more at www.thedailyreitbeat.com

📰 #REIT Headlines: 2-16-2024 🚀🏢 Market Moves: 📉 Scotiabank downgrades Digital Realty to Sector Perform from Outperform 💰 Maintains $157 price target Quarterly Earnings Announcements: 💼 Digital Realty, Elme Communities, Hannon Armstrong Sustainable Infrastructure LP , Healthcare Realty, LTC Properties, Inc. (NYSE: LTC), Office Properties Income Trust, Tanger announced 4Q earnings results. Leadership and Succession: 🌟 Armada Hoffler Board Names Shawn Tibbetts President ⏰ The current COO is set to become CEO in spring 2025. 🔄 Deliberate Succession Planning as Louis Haddad's expected retirement aligns with strategic leadership transition. Board Appointment: 🤝 NSA Storage Strengthens Leadership as Lisa Cohn appointed to the Board of Directors. Credit Ratings Update: 📊 Fitch Ratings Maintains Positive Watch on SITE Centers ratings, including senior unsecured debt and preferred shares. 🔄 The news follows its strategic spinoff announcement in October 2023 leading to the creation of Curbline Properties Corp. Stay informed with all the REIT happenings in The Daily REITBeat Newsletter! Learn more at www.thedailyreitbeat.com

🏢 #REIT Headlines -- September 13, 2024 📅 🚀 Citi Upgrades Federal Realty Investment Trust to Buy from Neutral and raises price target by $15 to $135 🚀 Citi Upgrades Sabra Health Care REIT, Inc. to Buy from Neutral and raises price target by $3 to $20 🔄 Citi Upgrades SL Green Realty Corp. to Neutral from Sell and raises price target by $22 to $66 🔻 Citi Downgrades Alexandria Real Estate Equities, Inc. to Neutral from Buy and lowers price target by $5 to $125 📈 Wells Fargo Upgrades Xenia Hotels & Resorts, Inc. to Overweight from Equalweight and lowers price target by $1 to $15 🔄 Wells Fargo Upgrades Sunstone Hotel Investors, Inc. to Equalweight from Underweight and maintains $10.50 price target 🔻 Wells Fargo Downgrades RLJ Lodging Trust to Underweight from Equalweight and lowers price target by $2 to $9 🚀 Colliers Securities Upgrades Medical Properties Trust, Inc. to Buy from Neutral and raises price target by $1.50 to $6.50 🔻 UBS Downgrades CubeSmart to Neutral from Buy and raises price target by $1 to $54 💵 Kimco Realty Corporation Prices $500M Notes Due 2035 📍 4.85% Interest Rate 🏗️ Funds to be Used for Investments, Redevelopment, and Debt Repayment 🏢 Alexandria Real Estate Equities, Inc. Completes $150M Sale of 1165 Eastlake Avenue East 🔬 Sold to Fred Hutch Cancer Center 📉 Cap Rate of 4.9% 🔄 Proceeds to Fuel Future Development ✂️ Paramount Group Suspends Dividend 💰 During 2024, the Company paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income 🔊 “The decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility.” 🔍 S&P Affirms Brixmor Property Group’s BBB Ratings 🔒 Stable Outlook for Issuer Credit and Issue-Level Ratings 🏌️♂️ Five Iron Golf Announces New Location 📍 Brandywine Realty Trust's Three Logan Square, 1717 Arch Street, Philadelphia 🌟 Third Corporate-Owned Location Like these headlines and information? Get this and so much more with The Daily REITBeat Newsletter (www.thedailyreitbeat.com)

📆 #REIT Headlines 2-1-2024 🚀 🌟 Analyst Ratings: 🌐 Wells Fargo initiates Overweight rating for Regency Centers with a $70 price target. 🔝 KeyBanc sees potential as they upgrade NETSTREIT Corp. (NYSE: NTST) to Sector Weight from Underweight. 💼 Quarterly Earnings Highlights: 📊 AvalonBay Communities, Brandywine Realty Trust, Rayonier announced their quarterly earnings 🌙 Stay tuned as Camden Property Trust is set to reveal earnings after today's trading hours. 🌐 Moody’s Affirmations: 🏢 Moody’s affirms Highwoods Properties's limited partnership with strong ratings: 💼 “Baa2” senior unsecured debt rating. 💳 “Baa2” backed senior unsecured rating. 📜 “(P)Baa2” senior unsecured shelf rating. 🌐 Affirms stable outlook for the Baa3 preferred stock rating of the parent REIT. Get all this data and more with The Daily REITBeat Newsletter. Learn more at www.thedailyreitbeat.com!!

📰 #REIT Headlines Update - Jan 12, 2024 📈 Scotiabank Bullish on PEAK: * Scotiabank upgrades Healthpeak Properties, Inc. to Outperform from Sector Perform raising price target by $3 to $23. 💰 FRT's Successful Offering: * Federal Realty Investment Trust's operating partnership closed its $485 million offering of 3.25% Exchangeable Senior Notes due 2029. 📉 S&P's Rating Adjustment for BXP: * S&P lowers Boston Properties (BXP)'s issuer credit rating and issue-level rating on unsecured debt to “BBB” from “BBB+” with a negative outlook. 🏛️ VTR Responds to Land & Buildings Director Nominations: * Ventas, Inc.'s Nominating Committee to assess nominees as per established practices, with a formal recommendation in the upcoming proxy statement. Keep up with all the happenings in the REIT industry and learn more at www.thedailyreitbeat.com!

📰 #REIT Headlines Update - Jan 12, 2024 📈 Scotiabank Bullish on PEAK: * Scotiabank upgrades Healthpeak Properties, Inc. to Outperform from Sector Perform raising price target by $3 to $23. 💰 FRT's Successful Offering: * Federal Realty Investment Trust's operating partnership closed its $485 million offering of 3.25% Exchangeable Senior Notes due 2029. 📉 S&P's Rating Adjustment for BXP: * S&P lowers Boston Properties (BXP)'s issuer credit rating and issue-level rating on unsecured debt to “BBB” from “BBB+” with a negative outlook. 🏛️ VTR Responds to Land & Buildings Director Nominations: * Ventas, Inc.'s Nominating Committee to assess nominees as per established practices, with a formal recommendation in the upcoming proxy statement. Keep up with all the happenings in the REIT industry and learn more at www.thedailyreitbeat.com!

📆 #REIT Headlines -- February 29, 2024 📰🏢 🚀 Wells Fargo Bullish on Federal Realty Investment Trust: * Upgrades to Overweight from Equalweight * Raises price target by $2 to $112. 🌟 Raymond James Optimistic on Americold Logistics, LLC.: * Upgraded to Outperform from Market Perform * Sets $31 price target. 📈 Jefferies Turns Positive on Xenia Hotels & Resorts, Inc.: * Moves from Hold to Buy * Raises price target by $4 to $18. 🌅 Morningstar's Buy Call on American Tower: * Upgraded to Buy from Hold * Maintains $215 price target target. ⬇️ Colliers Securities Downgrades Global Net Lease: * Shifts from Buy to Neutral * Maintains $12 price target. 🌟 Odeon Capital launches on City Office REIT (NYSE: CIO): * Initiated with a Buy rating * Sets $7.50 price target. 💼 Quarterly Earnings Announcements: * Ashford Hospitality Trust (AHT), Alexander & Baldwin, EPR Properties, Farmland Partners Inc., Summit Hotel Properties, Inc., NSA Storage, Service Properties Trust, UMH Properties, Inc. report quarterly earnings. * Braemar Hotels & Resorts (BHR) and CubeSmart to report post-market. 🔄 Leadership Change at CTO Realty Growth, Inc./Alpine Income Property Trust: * CFO Matt Partridge resigns for a new venture effective April 1st. * Company initiates search for a new CFO. 📊 Ashford Hospitality Trust (AHT) Sells Hilton Boston Back Bay * Signed a definitive agreement to sell the 390-room Hilton Boston Back Bay in Boston, MA for $171 million ($438,000 per key) * Sale is expected to be completed in March subject to normal closing conditions 📉 Fitch Ratings on Ventas, Inc.: * Downgrades Issuer Default Ratings on VTR to “BBB”. * Short-term ratings revised to “F3” * Stable outlook. ✔️ Moody's Affirms VICI Properties Inc.'s Ratings: * VICI's ratings affirmed at “Ba1” * Outlook revised to positive from stable. 🛑 Legal Action by Ted B. Miller: * Miller seeks to invalidate Crown Castle's board-Elliott cooperation. * Filed complaint in Delaware Court of Chancery. 🌐 New Board Member at Global Net Lease: * GNL appoints Michael J. U. Monahan to its Board effective immediately. Stay in the loop with all the happenings in REITland with The Daily REITBeat Newsletter! Learn more at www.thedailyreitbeat.com! 📊📈 #REIT #BusinessNews #Investment 🤝🌐

📰 #REIT Headlines - 1/5/2023 🏢 🚀 KeyBanc's Bold Moves: Upgrades NSA & ROIC, Downgrades AVB, DOC, MPW * KeyBanc makes strategic upgrades, favoring NSA Storage ($45) and Retail Opportunity Investments Corp. ($16) with Overweight ratings while downgrading AvalonBay Communities, Physicians Realty Trust (NYSE: DOC), and Medical Properties Trust, Inc. to Sector Weight 📉 Baird Adjustments: REXR and STAG Get a Neutral Rating * Baird downgrades Rexford Industrial ($61) and STAG Industrial, Inc. ($41) to Neutral 🔄 Wolfe Research's Move: SITC Downgraded to Peer Perform * Wolfe Research recalibrates its outlook, downgrading SITE Centers to Peer Perform 💰 Major Offerings: SUI and MAA Secure Senior Notes * Sun Communities & Sun Outdoors and MAA make significant financial moves with the issuance of $500 million and $350 million senior notes, respectively 🏢 REXR's Property Portfolio Tweaks: Acquisitions and Dispositions * Rexford Industrial announces strategic property investments totaling $69.5 million and disposes of a property for $11.3 million. 📊 CTO and PINE 2023 Updates: Investment, Disposition, and Leasing Activities * CTO Realty Growth, Inc. and Alpine Income Property Trust provide comprehensive updates on their 2023 investment, disposition, and leasing activities. 📈 UMH and MPW Announcements: Operating Results and Rent Recovery Plans * UMH Properties, Inc. releases an update on its year-end 2023 operating results, while Medical Properties Trust, Inc. reveals plans to recover uncollected rents, totaling approximately $50 million. 🤝 AMT's Global Agreement: Partnership with Data Infrastructure Trust * American Tower signs a definitive agreement with Data Infrastructure Trust, potentially yielding up to $2.5 billion in cash proceeds. 🌐 S&P Global's Rating Affirmation: KRC's Outlook Revised to Negative * S&P Global affirms Kilroy Realty Corporation's ratings, maintaining a "BBB" issuer credit rating, but revises its outlook to negative. 🎉 SBRA's Leadership Boost: Jessica Flores Appointed EVP and Chief Accounting Officer * Sabra Health Care REIT, Inc. announces the appointment of Jessica Flores as Executive Vice President and Chief Accounting Officer. Stay tuned for more detailed updates and learn more at www.thedailyreitbeat.com! 🌐📈 #REIT #RealEstateInvestment #FinanceNews

📰 #REIT Headlines - 1/5/2023 🏢 🚀 KeyBanc's Bold Moves: Upgrades NSA & ROIC, Downgrades AVB, DOC, MPW * KeyBanc makes strategic upgrades, favoring NSA Storage ($45) and Retail Opportunity Investments Corp. ($16) with Overweight ratings while downgrading AvalonBay Communities, Physicians Realty Trust (NYSE: DOC), and Medical Properties Trust, Inc. to Sector Weight 📉 Baird Adjustments: REXR and STAG Get a Neutral Rating * Baird downgrades Rexford Industrial ($61) and STAG Industrial, Inc. ($41) to Neutral 🔄 Wolfe Research's Move: SITC Downgraded to Peer Perform * Wolfe Research recalibrates its outlook, downgrading SITE Centers to Peer Perform 💰 Major Offerings: SUI and MAA Secure Senior Notes * Sun Communities & Sun Outdoors and MAA make significant financial moves with the issuance of $500 million and $350 million senior notes, respectively 🏢 REXR's Property Portfolio Tweaks: Acquisitions and Dispositions * Rexford Industrial announces strategic property investments totaling $69.5 million and disposes of a property for $11.3 million. 📊 CTO and PINE 2023 Updates: Investment, Disposition, and Leasing Activities * CTO Realty Growth, Inc. and Alpine Income Property Trust provide comprehensive updates on their 2023 investment, disposition, and leasing activities. 📈 UMH and MPW Announcements: Operating Results and Rent Recovery Plans * UMH Properties, Inc. releases an update on its year-end 2023 operating results, while Medical Properties Trust, Inc. reveals plans to recover uncollected rents, totaling approximately $50 million. 🤝 AMT's Global Agreement: Partnership with Data Infrastructure Trust * American Tower signs a definitive agreement with Data Infrastructure Trust, potentially yielding up to $2.5 billion in cash proceeds. 🌐 S&P Global's Rating Affirmation: KRC's Outlook Revised to Negative * S&P Global affirms Kilroy Realty Corporation's ratings, maintaining a "BBB" issuer credit rating, but revises its outlook to negative. 🎉 SBRA's Leadership Boost: Jessica Flores Appointed EVP and Chief Accounting Officer * Sabra Health Care REIT, Inc. announces the appointment of Jessica Flores as Executive Vice President and Chief Accounting Officer. Stay tuned for more detailed updates and learn more at www.thedailyreitbeat.com! 🌐📈 #REIT #RealEstateInvestment #FinanceNews