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It's Merger Monday for Real-Estate Investment Trusts - The Wall Street Journal

Author: Estate Investment Trusts

Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-30-2023/card/it-s-merger-monday-for-real-estate-investment-trusts-bKKljS8fSi7ZybYvDKUY?mod=finance_lcmarkets_pos1

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Live Coverage FeedIt's Merger Monday for Real-Estate Investment TrustsMerger mania swept the beleaguered real-estate sector on Monday with the announcement of two multi-billion dollar deals.San Diego's Realty Income (O) agreed to buy Dallas-based Spirit Realty Capital (SRC) in an all-stock deal valued at $9.3 billion.The companies are structured as real-estate investment trusts, or REITS, with thousands of commercial properties.In the healthcare real-estate sector, Healthpeak Properties (PEAK) and Physicians Realty Trust (DOC) struck a deal to combine in an all-stock merger of equals valued at $21 billion.

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