2018 REIT Offerings by Sector

Among the REIT property sectors, the specialty sector raised the greatest amount of capital year-to-date as of July 31, with communications REITs accounting for more than half of this volume, according to S&P Global Market Intelligence data.
As of July 31, 2018. Source: S&P Global Market Intelligence

Year-to-date through July 31, publicly traded U.S. equity REITs raised approximately $20.6 billion through capital raising activity. Senior debt offerings comprised $16.0 billion of the total capital raised, followed by $4.1 billion raised through common stock offerings and $477 million through preferred stock offerings.

Among the REIT property sectors, the specialty sector raised the greatest amount of capital year-to-date as of July 31, at $7.6 billion, with communications REITs accounting for 50.3% of the total amount raised. The industrial sector raised the second largest amount of capital at $2.83 billion.

Khamile Armhynn Sabas is a senior associate in the real estate client operations department of S&P Global Market Intelligence.