Level from micro data on public operating REITs compiled by and purchased from S&P Global. Level is calculated as the sum of Subordinated Debt (SNL variable 4273) plus Other Senior Debt (SNL variable 23607) plus CMO (SNL variable 17997) less Amounts Drawn (SNL variable 6165) of all mortgage REITs . 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