SPRE is trading at $22.23 (+3.44%), primarily on a rate-sensitive real-estate rebound after July payrolls unexpectedly fell 23,000 and downward employment revisions weakened expectations for further Federal Reserve tightening.
- Treasury yields and the dollar declined, improving financing and valuation conditions for REITs.
- Global REIT exposure may also benefit from the broader risk-on tone and firmer U.S. equity futures.