Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:52 AM
|This Slide: #421 of 581|
Slide #421. 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. (the "Company" or "Digital Realty") (NYSE: DLR) today announced the commencement of a public offering of shares of Series H Cumulative Redeemable Preferred Stock at a price of $25.00 per share. - updated 3/20 - Digital Realty Trust, Inc. (the "Company" or "Digital Realty") (NYSE: DLR) today announced the pricing of an underwritten public offering of 12.0 million shares of 7.375% Series H Cumulative Redeemable Preferred Stock at a price of $25.00 per share for gross proceeds of $300.0 million. The offering is expected to close on March 26, 2014, subject to closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of its 7.375% Series H Cumulative Redeemable Preferred Stock in connection with the offering. The Company intends to apply to list the shares on the New York Stock Exchange.
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