Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, December 4, 3:35 AM
|This Slide: #113 of 573|
Slide #113. Armada Hoffler Properties, Inc. — Preferred Stock Offering
Armada Hoffler Properties, Inc. (NYSE:AHH)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Armada Hoffler Properties, Inc. (NYSE: AHH) (the "Company") announced today that it has commenced an underwritten public offering of its newly designated Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock"). The Company expects to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock. The Company intends to apply to list the shares of Series A Preferred Stock on the New York Stock Exchange under the symbol "AHHPrA." -updated 6/11- Armada Hoffler Properties, Inc. (NYSE: AHH) (the "Company") announced today that it has priced an underwritten public offering of an aggregate 2,200,000 shares of its newly designated 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") at a public offering price of $25.00 per share, for net proceeds of approximately $53.3 million, after the underwriting discount but before estimated offering expenses payable by the Company. The Company has also granted the underwriters a 30-day option to purchase up to an additional 330,000 shares of Series A Preferred Stock offered by the Company at the public offering price less underwriting discounts and commissions. The offering is expected to close on June 18, 2019, subject to customary closing conditions.
Armada Hoffler Properties is a holding company and conducts substantially all of its operations through Armada Hoffler, L.P. Co. is a real estate company engaged in developing, building, owning, and managing institutional-grade office, retail, and multifamily properties primarily throughout the Mid-Atlantic and Southeastern U.S. In addition to the ownership of its operating property portfolio, Co. develops and builds properties for its own account and through joint ventures between Co. and unaffiliated partners and invests in development projects through mezzanine lending arrangements. Co. also provides general contracting services to third parties.
Open the AHH Page at Preferred Stock Channel »
Free AHH Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Buy (3.17 out of 4)
(ranked lower than approx. 66% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com