[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  David Auerbach ⭕️ [@DailyREITBeat](/creator/twitter/DailyREITBeat) on x 3879 followers Created: 2025-06-24 12:08:31 UTC 📰 #REIT Headlines -- June 24th, 2025 🗓️ 🎯 BNP Paribas Exane initiates $PSA Public Storage with an Outperform rating and sets a $XXX price target 🎯 BNP Paribas Exane initiates $CUBE CubeSmart ($46 price target) and $EXR Extra Space Storage ($156 price target) with Neutral ratings 🎯 BNP Paribas Exane initiates $NSA Storage with an Underperform rating and sets a $XX price target ⬆️ Raymond James upgrades $ESS Essex Property Trust to Outperform from Market Perform and sets a $XXX price target ⬇️ Raymond James downgrades $MAA to Market Perform from Outperform 🛍️ $MAC Macerich acquires Crabtree Mall, a market-dominant, Class A retail center totaling approximately XXX million square feet in Raleigh, NC for $XXX million * Expects an initial yield on the Crabtree acquisition of approximately XX% based on the property’s estimated 2025 net operating income and an estimated yield of approximately XXXX% inclusive of current leases signed but not opened with rent expected to commence in 2027 * Over the course of 2025 through 2028, the Company plans to implement a strategic investment plan at the property totaling approximately $XX million of new redevelopment and leasing capital to maximize the center’s performance 👨 $UDR announced the appointment of Dave Bragg as Chief Financial Officer effective July 24, 2025 succeeding Joe Fisher, CFA, who in January 2025 was appointed to the role of Chief Investment Officer in addition to his responsibilities as the Company’s President 🏭 $PLYM Plymouth Industrial REIT announced the acquisition of a 1.95-million-square-foot portfolio of industrial properties located across Columbus, Cincinnati, and Cleveland, OH for a total purchase price of $XXXXX million * The 21-building portfolio is currently XX% leased to XX tenants with a weighted average remaining lease term of XXXX years as in-place rents are approximately XX% below current market rates and * Purchase price reflects a 25%-plus discount to today’s replacement cost 🏭 Yesterday morning, $TRNO Terreno Realty Corporation announced that it acquired an industrial property located in Santa Ana, California for a purchase price of approximately $XXXX million * The XXX% leased property consists of one industrial distribution building containing approximately XXXXXXX sf on XXXX acres of industrial zoned land and the estimated stabilized cap rate is XXX% ⛳ Yesterday morning, $UE Urban Edge Properties announced the lease it has signed with TruGolf Links franchising for a XXXXX sf flagship location at The Plaza at Cherry Hill in New Jersey XXX engagements  **Related Topics** [reit](/topic/reit) [extra space](/topic/extra-space) [$exr](/topic/$exr) [$cube](/topic/$cube) [coins storage](/topic/coins-storage) [$psa](/topic/$psa) [bnp paribas](/topic/bnp-paribas) [public storage](/topic/public-storage) [Post Link](https://x.com/DailyREITBeat/status/1937482969435742252)
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David Auerbach ⭕️ @DailyREITBeat on x 3879 followers
Created: 2025-06-24 12:08:31 UTC
📰 #REIT Headlines -- June 24th, 2025 🗓️
🎯 BNP Paribas Exane initiates $PSA Public Storage with an Outperform rating and sets a $XXX price target
🎯 BNP Paribas Exane initiates $CUBE CubeSmart ($46 price target) and $EXR Extra Space Storage ($156 price target) with Neutral ratings
🎯 BNP Paribas Exane initiates $NSA Storage with an Underperform rating and sets a $XX price target
⬆️ Raymond James upgrades $ESS Essex Property Trust to Outperform from Market Perform and sets a $XXX price target
⬇️ Raymond James downgrades $MAA to Market Perform from Outperform
🛍️ $MAC Macerich acquires Crabtree Mall, a market-dominant, Class A retail center totaling approximately XXX million square feet in Raleigh, NC for $XXX million
- Expects an initial yield on the Crabtree acquisition of approximately XX% based on the property’s estimated 2025 net operating income and an estimated yield of approximately XXXX% inclusive of current leases signed but not opened with rent expected to commence in 2027
- Over the course of 2025 through 2028, the Company plans to implement a strategic investment plan at the property totaling approximately $XX million of new redevelopment and leasing capital to maximize the center’s performance
👨 $UDR announced the appointment of Dave Bragg as Chief Financial Officer effective July 24, 2025 succeeding Joe Fisher, CFA, who in January 2025 was appointed to the role of Chief Investment Officer in addition to his responsibilities as the Company’s President
🏭 $PLYM Plymouth Industrial REIT announced the acquisition of a 1.95-million-square-foot portfolio of industrial properties located across Columbus, Cincinnati, and Cleveland, OH for a total purchase price of $XXXXX million
- The 21-building portfolio is currently XX% leased to XX tenants with a weighted average remaining lease term of XXXX years as in-place rents are approximately XX% below current market rates and
- Purchase price reflects a 25%-plus discount to today’s replacement cost
🏭 Yesterday morning, $TRNO Terreno Realty Corporation announced that it acquired an industrial property located in Santa Ana, California for a purchase price of approximately $XXXX million
- The XXX% leased property consists of one industrial distribution building containing approximately XXXXXXX sf on XXXX acres of industrial zoned land and the estimated stabilized cap rate is XXX%
⛳ Yesterday morning, $UE Urban Edge Properties announced the lease it has signed with TruGolf Links franchising for a XXXXX sf flagship location at The Plaza at Cherry Hill in New Jersey
XXX engagements
Related Topics reit extra space $exr $cube coins storage $psa bnp paribas public storage