Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, April 1, 4:34 PM

Slide #227. IRET Preferred Stock Offering

Company: IRET (IRET)
Date announced: 9/26/2017
Shares Offered: 4,000,000
Date of Pricing: 9/26/2017
Price Per Share: $25.00
Preferred Stock Offering Details: IRET (NYSE: IRET) (the "Company") today announced the pricing of an underwritten public offering of 4,000,000 of its 6.625% Series C Cumulative Redeemable Preferred Shares (Liquidation Preference $25.00 per Share), no par value per share (the "Series C Preferred Shares"), at a public offering price of $25.00 per share, for gross proceeds of approximately $100.0 million, before deducting the underwriting discount and other estimated offering-related costs. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 Series C Preferred Shares.

Investors Real Estate Trust is a real estate investment trust focused on the ownership, management, acquisition, development, and redevelopment of apartment communities. Co. conducts a majority of its business activities through its consolidated operating partnership, IRET Properties, a North Dakota Limited Partnership, as well as through several other subsidiary entities.


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Investors Real Estate Trust

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Preferred Stock Offerings - Slide 227 of 609 |

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