Deals News Hubb
Advertisement Banner
  • Home
  • Business Deals
  • Shopping Deals
  • Contact
No Result
View All Result
  • Home
  • Business Deals
  • Shopping Deals
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home Business Deals

REITs raise $750M capital in October, down 99.99% Y/Y

admin by admin
November 5, 2022
in Business Deals


Becart/E+ via Getty Images

REITs raised merely $750M of capital in October, a decrease of 99.99% from $6.84B in the year-ago period, according to a report by the National Association of Real Estate Investment Trusts.

Only 1 capital offering instrument, of secondary debt, was offered during the month, compared to 16 instruments a year ago. Realty Income (O) priced a public offering of $750M of 5.625% senior unsecured notes due Oct. 13, 2032.

This compares with 2 capital offering instruments offered in the month of September. However, the amount of capital raised through the instruments was lesser than October. The sector raised only $536M in the previous month.

Year-to-date until October, REITs have raised a total of $32.65B in capital, down 65.47% from $94.56B in the year-ago period.

The sector continues to decline in value, mainly due to rising interest rates and prevailing high inflation. The falling stock prices continue to discourage investor sentiments, which could be a contributing factor for the lesser capital raising activity.

Many investors assume a 2008-style-kind-of-crash for REITs, Seeking Alpha Author Riyado Sofian said, adding that his opinion differs.



Source link

Previous Post

Alexa Is Celebrating Her Birthday All Weekend Long With Up to 50% Off Amazon Devices

Next Post

Influencers are wondering if they should leave Twitter now that Musk runs the show: ’It’s getting ugly here’

Next Post

Influencers are wondering if they should leave Twitter now that Musk runs the show: ’It’s getting ugly here’

Recommended

Every Moment Holy (with Douglas McKelvey)

7 months ago

Exelixis faces proxy battle with investor Farallon Capital – report

2 months ago

The New Dunkin’ Rewards Program: What to Know

7 months ago

Airbus will likely sell 500 jets to India’s IndiGo – report

3 days ago

Binance, NBA’s Jimmy Butler hit with class action suit

2 months ago

Forget about Teslas: Converting vintage muscle cars into electric vehicles is now a thing

5 months ago
Deals-(-White-)

© Deals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Business Deals
  • Shopping Deals
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Business Deals
  • Shopping Deals
  • Contact

© 2022 Deals News Hubb All rights reserved.