Level from micro data on public operating REITs compiled by and purchased from S&P Global. Level is calculated as the sum of Net Investment in Real Estate (SNL key 132127) less Total Gross Loans (SNL key 132116) of all equity REITs . Equity REITs are defined as North America Real Estate companies that have an Equity investment focus. Transactions are calculated as the change in level. Data for the most recent ten years show no significant seasonality.
Last edited on: 05/16/2016