Specialty REITs Top Capital Raising
- Apr 05, 2017
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.