REITs Raise $41B YTD

CHARLOTTESVILLE, VA-US equity REITs raised $41.09 billion year-to-date through September 28, according to SNL. That is $7.54 billion more than was raised in the same period in 2011. REIT’s stock market performance is also trending well for the year, according to separate statistics from NAREIT. However the September numbers were a bit of a disappointment and they followed lackluster performance in August.

REITs have been on a capital-raising roll this year, as SNL figures have shown. As of Sept. 28, common equity deals accounted for $18.09 billion of gross capital offerings, senior debt totaled $14.95 billion and preferred equity totaled $8.06 billion. In the prior-year period, common equity offerings totaled $19.65 billion, senior debt reached $10.3 billion and preferred equity accounted for $3.56 billion. By sector, health care REITs have raised the most capital as of Sept. 28, SNL says, with $9.59 billion. Retail ranked number two, with $8.61 billion.