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REIT Capital Raising Slows in February

CHARLOTTESVILLE, VA—January saw a high number of large offerings. February's level was still large, but not as much.

By Erika Morphy | Updated on March 16, 2014

CHARLOTTESVILLE, VA—US equity REITs raised a total of $8.87 billion in capital year-to-date as of March 7, compared to $9.17 billion raised during the same period in 2013, SNL Financial reports. It is a setback from February when REITs beat their own year-over-year record, but not likely to have that much significance over the course of the year.

The capital raised via common equity totaled $1.57 billion, while senior debt offerings generated $7.31 billion through March 7. During the same period in 2013, REITs had raised $4.97 billion from common equity offerings, $2.35 billion from senior debt issuances and $1.85 billion from preferred equity offerings.

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