trending Market Intelligence /marketintelligence/en/news-insights/trending/Lv_UbEBdillz2C7V7DjOcg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

23 REITs announce new ATM programs through June 1

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

23 REITs announce new ATM programs through June 1

U.S. equity real estate investment trusts raised $860.9 million in capital through at-the-market offerings in the first quarter, representing a 41.9% decrease from the amount raised in fourth-quarter 2016 and a 35% drop from first-quarter 2016.

A total of 30 U.S. REITs tapped into their ATM programs in the first quarter. Five healthcare REITs raised $236.5 million, while four industrial REITs and eight diversified REITs raised $175.3 million and $156.0 million, respectively.

SNL Image

CareTrust REIT Inc. raised the most equity through at-the-market offerings in the first quarter, at $109.9 million. On May 17, CareTrust REIT announced a new ATM program allowing it to raise up to $300 million in capital.

National Health Investors Inc. and STAG Industrial Inc. raised the second- and third-largest amounts of equity through their ATM programs in the first quarter, raising $81.2 million and $68.5 million, respectively.

2017 program announcements

Year-to-date through June 1, 23 U.S. REITs announced new equity distribution agreements, ranging in size from $50 million to $1 billion, with an aggregate size of $7.54 billion. This is nearly double the number of companies that announced new programs over the same period in 2016, and it reflects an increase in amount available to be raised of 114%.

Multifamily REIT UDR Inc. announced April 27 that it would sell up to 20 million shares of common stock, estimating a maximum program size of $719.4 million, while retail REIT Regency Centers Corp. launched the second-largest ATM program between April 1 and June 1, announcing a $500 million equity distribution agreement May 17.

A total of 38 different agents were involved in the ATM programs announced year-to-date as of June 1, with Merrill Lynch Pierce Fenner & Smith Inc. ranking first, with 15 deals. Wells Fargo Securities LLC ranked second with 12 deals, followed by Jefferies LLC with 11 deals and RBC Capital Markets LLC with 10 deals.

SNL Image

SNL Image
Click here to view these charts in Excel format, and click here to access SNL's Real Estate offerings activity template from the Template Library. Also, track all recent capital-raising activity in the sector here.