REIT Capital Offerings Reach $35B

CHARLOTTESVILLE, VA-US equity REITs have raised $35.27 billion this year through August 10th, SNL Financial reports. That is $3.82 billion more than the $31.42 billion raised in the same period in 2011. Common equity deals were the highest of the type of capital raised, at $14.72 billion. Senior debt followed at $13.53 billion and preferred equity brought up the rear at $7.02 billion. For the same period in 2011, those figures were, respectively, $17.93 billion, $10.30 billion and $3.19 billion.

Health Care REIT completed the largest common stock offering, on Aug. 7, totaling $810.8 million. Kilroy Realty holds the second place in common equity raises during the period studied, with a $230.5 million offering from Aug. 8. Another notable common equity offering was by Taubman Centers, at $218.5 million on Aug. 1.