Specialty REITs Top Capital Raising in 2017

Among publicly traded U.S. equity REITs, the specialty sector raised the greatest amount of capital last year, according to S&P Global Market Intelligence data.
Source: S&P Global Market Intelligence
Source: S&P Global Market Intelligence

In 2017, publicly traded U.S.equity REITs raised some $94.4 billion through capital raising activity. Senior debt offerings comprised $56.1 billion of the total raised, followed by $29.6 billion raised through common stock offerings and $8.6 through preferred stock offerings. Among the REIT property sectors, the specialty sector raised the greatest amount of capital in 2017, at $29.8 billion, with communications REITs accounting for 43.3 percent of the total amount raised. The health care sector raised the second-largest amount of capital at $10.6 billion.

—Khamile Armhynn Sabas is an analyst in the real estate product operations department of S&P Global Market Intelligence.