Several REITs are expected to issue equity in the coming weeks, according to underwriters. The REITs considering issues have total debt to capitalization near 60% and debt obligations as a percentage of assets of more than 35% through 2012. "We have been telling people get out and issue equity and be one of the first guys to do it; there is not enough money to recapitalize everyone," said one underwriter currently working on deals.

Related Summaries