REIT's, A new institutional Paradigm
1:30 PM
In 2004, the lead issuer for REIT common and preferred stock offerings was Citigroup, with 30 common stock deals totaling $4.1 billion and 17 preferred stock deals totaling $1.1 billion, according to Thomson Financial data. Citigroup was also the lead issuer of common stock offerings in 2003 with 15 deals totaling $2.3 billion. The overall amount of REIT common stock offerings totaled $25 billion in proceeds, spread across 177 deals. REIT preferred stock offerings totaled $5.7 billion, and included 62 deals. MORE:
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