![](https://cdn.commonstock.com/f1925bba473ee47697b0d75226010313330c6e639c40776b15c42db23cda5a57-867x631.png)

- Equity issuance totaled $10.2 billion, including $9.7 billion raised through common equity offerings and $545 million raised through preferred equity offerings. Total equity issuance in 2021: Q1 was $13.2 billion, with $6.1 billion in 2020: Q1.
- Debt issuance totaled $10.0 billion raised at the secondary market, down from the $22.1 billion issued in 2021: Q1 and $21.5 billion in 2020: Q1.
- At-the-market equity issuance was $5.2 billion in 2022: Q1, following $6.7 billion in 2021: Q4. In 2021, $21.8 billion was raised at-the-market, helping propel REITs to a record $133.6 billion raised.
Source: NAREIT

Interesting that debt issuance is now coming back down from covid, do you know if the broader REIT market has been paying down that debt at all, or they now just more levered after covid?

Joey Hirendernath

Capital Raises for REITs

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