Total proceeds through green bond issuance by US equity real estate investment trusts picked up in 2024 compared with the year prior. However, issuance remained limited to a handful of companies. Five REITs issued green bonds in 2024, aggregating $4.25 billion in gross proceeds, according to an S&P Global Market Intelligence analysis. The green bond proceeds accounted for 8.1% ...
READPrologis Inc. emerged as the largest equity real estate investment trust in the US in terms of market capitalization in 2024, S&P Global Market Intelligence data shows. The San Francisco-based industrial REIT recorded a market capitalization of $97.90 billion at the end of 2024, down 20.5% year over year. Demand for industrial space remained subdued as tenants implemented cost-...
READM&A activity involving publicly traded equity real estate investment trusts plunged in 2024, with only three announced deals. Elevated interest rates and an associated higher cost of debt have largely slowed transactions in the REIT sector. The analysis included real estate deals where either the buyer or target is an equity REIT that trades on the Nasdaq, NYSE or NYSE American...
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