PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:34 PM
| This Slide: #227 of 609 |
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.
Preferreds: IRETP, IRET.PRB, IRET.PR, IRET.PRC
Open the IRET Page at Preferred Stock Channel »
|
|||||||||
|
|
Open the IRET Page at Preferred Stock Channel (in a new window) »
 Free IRET Email Alerts:
Get Dividend Alerts 
Get SEC Filing Alerts
|
Avg. Broker Rec.
  
|
Hold (2.41 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
|
|
