High-yielding mortgage REITs pile into U.S. IPO market

04/13/2011 | Wall Street Journal, The

Mortgage REITs have become one of the hottest sectors in the real estate investment marketplace because of their high yields, currently around 14%. Seven of nine REITs working on initial public offerings this year are mortgage REITs, data provider Dealogic says. REIT deals that already are in the IPO pipeline hope to raise $2.6 billion.

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