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

REITs have been on a capital-raising roll this year,as SNLfigures have shown. As of Sept. 28, common equitydeals 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 offeringstotaled $19.65 billion, senior debt reached $10.3 billion andpreferred equity accounted for $3.56 billion. By sector, healthcare REITs have raised the most capital as of Sept. 28, SNL says,with $9.59 billion. Retail ranked number two, with $8.61billion.

REITs’ stock performance for September was less robust,meanwhile—and followed an underperforming month for August as well.NAREIT notes that REITs lagged behind the broader stock market inSeptember and were down 0.89%, while the S&P was up 2.58%. TheFTSE NAREIT US Real Estate Index showed that equity REITs were down1.23% and all REITs were down by 0.89%.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.