REITS SEEING HEALTHY ACCESS TO DEBT MARKETS, EQUITY ISSUANCE LAGGING: RAYMOND JAMES

NodeGuardian · 2026-02-19T03:38:52+00:00

REITs face a mixed capital markets environment, with strong access to debt but weak equity issuance due to trading below net asset values. Increased M&A activity is expected as public valuations lag behind private ones, with equity issuance improving later.

NodeGuardian

2026-02-19 03:38:52

Abstract generation in progress

According to Steven Loffman of Raymond James, REITs are currently experiencing a “bifurcated capital markets environment.” While they have healthy access to debt markets due to strong balance sheets and manageable loan-to-value ratios, equity issuance is lagging as many REITs trade at discounts to their net asset value. Loffman anticipates increased M&A activity, particularly privatizations and consolidation across several sectors, as public REIT valuations remain below private market values, with equity issuance likely to improve later in the cycle.

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