PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sun, March 23, 10:13 PM
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Slide #553. Boston Properties, Inc. — Preferred Stock Offering
Company:
Boston Properties, Inc. (NYSE:BXP)
Date announced:
3/19/2013
Shares Offered:
8,000,000
Date of Pricing:
3/19/2013
Price Per Share:
$25
Preferred Stock Offering Details:
Boston Properties, Inc. (NYSE:BXP), a real estate investment trust, announced today that it has priced an underwritten public offering of 8,000,000 depositary shares, each representing a 1/100th of a share of its newly designated 5.25% Series B Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share. The Company has granted the underwriters an option to purchase up to an additional 1,200,000 depositary shares within 30 days solely to cover over-allotments, if any. The offering is expected to close on or about March 27, 2013, subject to customary closing conditions.
BXP, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). Co. develops, owns and manages premier workplaces in the U.S.. Co.'s segments by geographic area are Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC. Co.'s segment by property type includes Premier Workplace (which includes office, life sciences and retail), Residential and Hotel. Its portfolio totals 53.5 million square feet and 186 properties, including 10 properties under construction/redevelopment.
Preferred: BXP.PRB
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Buy (2.57 out of 4) 9th percentile
(ranked lower than approx. 91% of all stocks covered)
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