PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, May 21, 8:53 AM
| This Slide: #129 of 581 |
Slide #129. Digital Realty — Preferred Stock Offering
Company:
Digital Realty (NYSE:DLR)
Date announced:
3/4/2019
Shares Offered:
8,000,000
Date of Pricing:
3/4/2019
Price Per Share:
$25.00
Preferred Stock Offering Details:
Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today the pricing of an underwritten public offering of 8,000,000 shares of 5.850% Series K Cumulative Redeemable Preferred Stock with a liquidation preference of $25.00 per share for gross proceeds of $200 million. The company has also granted the underwriters a 30-day option to purchase from the company up to an additional 1,200,000 shares solely to cover over-allotments.
Digital Realty Trust is a real estate investment trust. Co., through its controlling interest in Digital Realty Trust, L.P. (the Operating Partnership) and the subsidiaries of the Operating Partnership, is a global provider of data center solutions for customers across a variety of industry verticals ranging from cloud and information technology services, social networking and communications to financial services, manufacturing, energy, healthcare, and consumer products. The Operating Partnership conducts its business of owning, acquiring, developing and operating data centers. Co.'s portfolio of data centers provides various environments for the exchange, processing and storage of data.
Preferreds: DLR.PRF, DLR.PRE, DLR.PRG, DLR.PRH, DLR.PRI, DLR.PRC, DLR.PRJ, DLR.PRK, DLR.PRL
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Avg. Broker Rec.
 
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Buy (3.13 out of 4) 24th percentile
(ranked lower than approx. 76% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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