Specialty REITs Top Capital Raising

Publicly traded U.S. REITs raised some $23.4 billion through capital offerings in the first three months of 2017, with senior debt offerings making up the majority of the capital raises.

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Year to date as of March 31, publicly traded U.S. REITs raised approximately $23.4 billion through capital offerings. Senior debt offerings composed the majority of the capital raises at $12.0 billion, with common and preferred equity following at $10.2 billion and $1.2 billion, respectively.

Among the REIT sectors, the specialty sector raised the largest amount of capital at $9.1 billion, with data center REITs accounting for 48.8 percent of the specialty raises. The office sector raised the second largest amount of capital at $3.8 billion.

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