Level from micro data on public operating REITs compiled by and purchased from S&P Global. Level is calculated as the sum of Net Loans (SNL variable 4321) and Total Allowances (SNL 4346) from all mortgage REITs, multiplied by an the proportion of loans that are commercial mortgages estimated by FOF based on company level information. Mortgage REITs are defined as investment companies with a Mortgage REIT, MBS REIT, or Specialty Finance REIT primary focus. Transactions are calculated as the change in level. Data for the most recent ten years show no significant seasonality.
Last edited on: 01/18/2012