Last year marked the second biggest capital raising year ever for REITs, trailing only 2006. Overall, U.S. REITs conducted 173 offerings and raised $47.45 billion. That was up from 130 offerings for $34.66 billion in 2009 and 82 offerings for $17.99 billion in 2008. In 2006, REITs conducted 204 offerings that raised $49.02 billion.
By type, REITs completed nine IPOS that raised $1.98 billion, 91 secondary offerings of common shares that raised $23.63 billion, 17 secondary offerings of preferred shares that raised $2.62 billion and 56 offerings of unsecured debt that raised $19.23 billion.