Specialty REITs Raise Most Capital Year-to-Date

The specialty sector raised $25.9 billion in capital year-to-date through Sept. 29, with communications REITs raising more than 40 percent of that total, according to S&P Global Market Intelligence data.

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Year-to-date as of Sept. 29, publicly traded U.S.equity REITs completed approximately $72.8 billion through capital raising activity. Senior debt offerings comprised $40.3 billion of the total raised, followed by $26.0 billion raised through common stock offerings and $6.6 billion through preferred stock offerings.

Among the REIT property sectors, the specialty sector raised the largest amount of capital year-to-date through Sept. 29, at $25.9 billion, with communications REITs accounting for 42.2 percent of the total amount raised. The health care sector raised the second largest amount of capital at $9.8 billion.

Khamile Armhynn Sabas is an analyst in the real estate product operations department of S&P Global Market Intelligence.