Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 6:58 PM
|This Slide: #187 of 573|
Slide #187. National Storage Affiliates — Preferred Stock Offering
National Storage Affiliates (NYSE:NSA)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
National Storage Affiliates Trust (the "Company") (NYSE:NSA) today announced the pricing of its underwritten public offering of 6,000,000 of its 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest for total estimated gross proceeds of approximately $150 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 900,000 of its 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest solely to cover overallotments, if any.
National Storage Affiliates Trust is a self-administered and self-managed real estate investment trust focused on the self storage sector. Co. serves as the sole general partner of its operating partnership subsidiary, NSA OP, LP (Co.'s operating partnership), to conduct its business, which is focused on the ownership, operation, and acquisition of self storage properties located within metropolitan statistical areas throughout the U.S. Co. also owns certain of its self storage properties through other consolidated limited partnership subsidiaries of its operating partnership.
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Buy (3.17 out of 4)
(ranked lower than approx. 67% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com