Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Tue, May 24, 5:01 PM
|This Slide: #195 of 581|
Slide #195. 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 an integrated, self-administered and self-managed real estate investment trust focused on the self storage sector. Through its controlling interest as the sole general partner of NSA OP, LP (its operating partnership), Co. is focused on the ownership, operation, and acquisition of self storage properties predominantly located within metropolitan statistical areas in 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 (3.20 out of 4)
(ranked lower than approx. 66% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com