🟢 Real Estate ETF (SPRE) is trading 3.3% up in pre-market with no clear macro catalyst

SPRE is trading at $19.79, up 3.27%, with no clear macro catalyst for its sharp pre-market gain.

• Oil climbed after President Trump rejected Iran’s Strait of Hormuz proposal; Brent was $108.27, up 3.79% on September 28.
• Treasury yields remained near multi-year highs, while broader futures were lower—pressures that typically weigh on rate-sensitive real estate.
• The supplied Blackstone property purchase is not established as a driver of this diversified ETF.