Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:47 AM
|This Slide: #322 of 581|
Slide #322. Digital Realty Trust, Inc. — Preferred Stock Offering
Digital Realty Trust, Inc. (NYSE:DLR)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Digital Realty Trust, Inc. (NYSE: DLR) announced today the pricing, in an underwritten public offering, of 10,000,000 shares of 6.350% Series I Cumulative Redeemable Preferred Stock at a price of $25.00 per share for gross proceeds of $250 million. The company has also granted the underwriters a 30-day option to purchase from the company up to an additional 1,500,000 shares. The offering, which priced on August 13, 2015, is expected to close on August 24, 2015, subject to customary closing conditions.
Digital Realty Trust is a real estate investment trust. Co., through its controlling interest in Digital Realty Trust, L.P. (the Operating Partnership) and the subsidiaries of the Operating Partnership, is a global provider of data center solutions for customers across a variety of industry verticals ranging from cloud and information technology services, social networking and communications to financial services, manufacturing, energy, healthcare, and consumer products. The Operating Partnership conducts its business of owning, acquiring, developing and operating data centers. Co.'s portfolio of data centers provides various environments for the exchange, processing and storage of data.
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Buy (3.13 out of 4)
(ranked lower than approx. 76% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com