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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, May 20, 11:01 PM
| This Slide: #276 of 581 |
Slide #276. Rexford Industrial Realty, Inc. — Preferred Stock Offering
Company:
Rexford Industrial Realty, Inc. (NYSE:REXR)
Date announced:
8/8/2016
Shares Offered:
3,600,000
Date of Pricing:
8/9/2016
Price Per Share:
$25.00
Preferred Stock Offering Details:
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced that the Company has commenced an underwritten public offering of Series A Cumulative Redeemable Preferred Stock. The Company intends to apply to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "REXR Pr A." -updated 8/9- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the pricing of an underwritten public offering of 3,600,000 shares of 5.875% Series A Cumulative Redeemable Preferred Stock, for gross proceeds of approximately $90,000,000, before deducting the underwriting discount and estimated offering expenses. The offering is expected to close on August 16, 2016, subject to customary closing conditions. The Company intends to apply to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "REXR Pr A."
Rexford Industrial Realty is a holding company and a self-administered and self-managed real estate investment trust. Through its controlling interest in its sole general partner, Rexford Industrial Realty, L.P. and its subsidiaries, Co. owns, manages, leases, acquires and develops industrial real estate primarily located in Southern California infill markets, and from time to time, acquires or provides mortgage debt secured by industrial property.
Preferreds: REXR.PRA, REXR.PRB, REXR.PRC
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 78th percentile
(ranked higher than approx. 78% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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