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As we enter Q3 earnings season, I'm asking for feedback on the way I've been doing updates on substack to my write ups...
Should updates to write ups (earnings, important news, etc.) be published as:
64%Notes (current approach)
0%In a subscriber chat
36%Weekly summary article
0%Other (write in comments)
22 votes • Final resultsSome andecdotes from @CushWake Market Matters (one of the better economist-style CRE publications out there):
-Bid-ask spreads widening, retrades increasing due to rates
-Larger price impact on low-yielding deals, less on higher-yielding
-Retrades averaged 3-5% vs. 5-10% asks
Logistea was up ~9% Friday on news M2 (Rutger Arnhult, 2nd largest shareholder ) sold their entire stake.
Most bought by Nordika - who was and still is their largest shareholder. Now 22.6%.
Helps explain how bad price action has been - overhang of a large, motivated seller!
1/
2026 Q3 update: substack.com/@realassetsvalu…
Note highlighting attractive (Oct 1): substack.com/@realassetsvalu…
2/2
Was this NYSE action foreseeable and $ELME just didn't give them a heads up or what went on here? Does anyone with more experience on this have a view?
An appropriate end to a liquidation where shareholder communication has been bungled throughout...
Post distribution, $ELME spread to potential stub value has closed significantly base on pre-market prices. I’m taking the money and running!
Brief note up on Logistea AB (LOGI.B) - the Swedish micro-cap net lease industrial / logistics PropCo.
Will potential data center development upside get anyones' attention? Oh I forgot we don't like AI / DCs anymore, whoops... How about <10x FFO?
substack.com/@realassetsvalu…
This is what Claude says. Agree or disagree? Weigh in on the poll!
As we enter Q3 earnings season, I'm asking for feedback on the way I've been doing updates on substack to my write ups...
Should updates to write ups (earnings, important news, etc.) be published as:
64%Notes (current approach)
0%In a subscriber chat
36%Weekly summary article
0%Other (write in comments)
22 votes • Final resultsWrote up some thoughts on what the move in rates over the last couple months "should" mean for US commercial real estate - is it really as simple as cap rates move with treasury yields?
realassetsvalue.substack.com…
Best possible outcome: clean sale, no retrade. Talk about good timing @Mr_Neutral_Man
Moving pieces are the last 2 properties and all-in costs (wind-down, CURB SSA G&A, CURB redev).
FWIW I think NLV is ~$3.90. Let's see where it trades tmw and if AH prices hold.
@JeffBeckMadDog
One of the more fun tea leave readings trades
$3.00 special divvy and then some stub value $SITC
Bought some after the news came out
Now a 13% position I believe which is really 2% after special dividend
Published this article at 2:19pm today
Won’t be able to replicate this call in the future with a 2 hour catalyst
hardassetmemo.substack.com/p…
Anyone have and is willing to share the Citi $BXDC update? Or discuss their assumptions and how they get to their PT? DM or reply here.
📰 The Daily REIT Beat Newsletter #REIT Headlines -- October 12th, 2026 📅
⬆️ BMO upgrades $TRNO Terreno Realty Corporation to Outperform from Market Perform and raises its price target by $1 to $75
⬆️ BMO downgrades $ARE Alexandria Real Estate Equities, Inc. to Underperform from Market Perform and lowers its price target by $7 to $41
⬆️ Citi upgrades $BXDC Blackstone Digital Infrastructure Trust to Buy from Neutral and lowers its price target by $3 to $20
⬆️ On Friday, Morningstar upgraded $SPG Simon Property Group to Buy from Hold and maintained its $229 price target
💵 On Friday, $HPP Hudson Pacific Properties announced the tender results of the previously announced tender offer by its operating partnership to purchase for cash up to a combined aggregate principal amount of $200,000,000 of its outstanding 3.95% Senior Notes due 2027 and 5.95% Senior Notes due 2028
🚗 On Friday, $FCPT Four Corners Property Trust announced the acquisition of an automotive service property located in a highly trafficked corridor in Indiana that is leased to a national operator for $2.3 million via sale-leaseback
* Property is corporate-operated under a long term, triple net lease that priced at a cap rate in range with previous transactions
🌎 On Friday, $CTRE CareTrust REIT released its sixth annual Corporate Sustainability Report highlighting the continued evolution of its sustainability and corporate responsibility initiatives
🏭 On Friday, $PINE Alpine Income Property Trust entered into an agreement to acquire a 1.9 million sf, 13-property industrial portfolio for $117.3 million ($63/sf)
* Properties are 100% leased to nine tenants under absolute triple-net leases with a weighted average remaining lease term of 10.2 years
🏨 On Friday, $SVC Service Properties Trust confirmed that it had received a formal written offer from TKO LLC to acquire the entire hospitality portfolio for $2 billion in cash
👍 On Friday, S&P affirmed $DHC Diversified Healthcare Trust’s “B-“ issuer credit rating and revised its outlook to positive from stable
@AllTheREITNews @HoyaCapital @ReitAcademy @REITs_Nareit #retwit
Sign up for The Daily REITBeat Newsletter at the-daily-reitbeat.beehiiv.c…
This $BKD / $WELL transaction looks like WELL doesn't want to get ahold of these assets (selling at an 6.1% cap on rent, extending separate CF positive leases and loosening purchase option).
Am I misreading this? BKD offer just too good to pass up?
@hybridvigorish @thecontracap
Interested in how people think about this to inform my own writing on listed RE
Real Assets Value retweeted
If you ever wonder why buying $CPT at a 4.4% dividend is likely better than the 10-year US Treasury at 5.3%. I have a free write up for you
The simple answer, AFFO/sh (REIT FCF) CAGR of 4.4% over 10 years and current AFFO yield of around 6%
hardassetmemo.substack.com/p…
Can't believe I just came around to writing this one!!!
Also insane AFFO/Sh growth in SoCal Warehouse in the past decade, just unbelievable!!
Some US retail comps:
-Brixmor $BRX acquisiton of Slate Grocery REIT low 7% blended cap rate
-$FRT acquisition of Birmingham, AL lifestyle center at 6.2% cap rate, target 8%-9% unlevered IRR
-$PECO contributing grocery-anchored SCs to JV at low 6% cap rate



















