Publicly traded U.S. equity REITs raised approximately $9.01 billion via capital offerings through Feb. 15, about 15.0% less than the $10.59 billion raised over the same period in 2015.
Specialty REITs continue to lead all REIT sectors, with a total of $4.34 billion of capital raised midway through February. Retail REITs and office REITs followed, with $1.35 billion and $1.00 billion, respectively.
Year-to-date through Feb. 15, publicly traded U.S. equity REITs raised $1.91 billion through five follow-on offerings, four at-the-market offerings and a single private placement, far from the $4.81 billion raised during the same period in 2015.
Year-to-date through Feb. 15, publicly traded U.S. equity REITs raised $6.80 billion through senior debt offerings, roughly 19% more than the $5.72 billion raised during the same period in 2015.
There were no preferred equity offerings completed between Feb. 1 and Feb.15