Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Wed, September 28, 5:56 AM
|This Slide: #491 of 585|
Slide #491. STAG Industrial, Inc. — Preferred Stock Offering
STAG Industrial, Inc. (NYSE:STAG)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
STAG Industrial, Inc. announced the pricing of an underwritten public offering of 2,500,000 shares of its 6.625% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") at a price of $25.00 per share for gross proceeds of $62,500,000. The offering is expected to close on April 16, 2013, subject to customary closing conditions. The Company has granted the underwriters of the offering a 30-day option to purchase up to an additional 300,000 shares of Series B Preferred Stock. The Company intends to apply to list the Series B Preferred Stock on the New York Stock Exchange under the symbol "STAG Pr B."
STAG Industrial is a holding company. Through its subsidiaries, Co. is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties. Co. owns substantially all of its properties and conducts substantially all of its business through its operating partnership, STAG Industrial Operating Partnership, L.P.
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Buy (3.25 out of 4)
(ranked lower than approx. 61% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com