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.



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.