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Equity REITs saw their Q2 stock buyback activity more than double Y/Y to nearly $1.3B from $553.9M, a report by S&P Global Market Intelligence said.
Comparatively, the sector had logged share repurchases worth $857.7M in Q1, the report noted.
Healthcare Realty Trust (HR) is said to have repurchased the most shares in Q2. The health care REIT bought back $272.7M shares, representing ~4.5% of the shares outstanding.
Retail REIT Regency Centers (REG) and self-storage REIT Public Storage (PSA) were the next on the list.
Among subsectors, health care REITs led the pack, with $349.0M worth of stocks bought back during the quarter.
Self-storage REITs and shopping center REITs followed, with $271.8M and $201.4M of shares bought back, S&P noted.
