According to S&P Global Market Intelligence data, US REITs significantly increased their at-the-market (ATM) program activities in third quarter 2025, raising $6.35 billion, a 30.9 percent increase from the previous quarter. However, this was a 12 percent decrease compared to third quarter 2024. Healthcare REITs led the sector, contributing more than two-thirds of the total proceeds.
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Key highlights from the analysis:
Healthcare REITs’ dominance: Healthcare REITs, led by Welltower, accounted for more than two-thirds of the total ATM proceeds, raising $4.36 billion. Welltower alone raised $2.89 billion by selling nearly
