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Buy (2.55 out of 4)
14th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, April 23, 3:38 PM
Slide #347. STAG Industrial, Inc. — Preferred Stock Offering
Company: |
STAG Industrial, Inc. (NYSE:STAG) |
Date announced: |
3/10/2016 |
Shares Offered: |
3,000,000 |
Date of Pricing: |
3/10/2016 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced the pricing of an underwritten public offering of 3,000,000 shares of its 6.875% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") at a price of $25.00 per share for gross proceeds of $75 million. The offering is expected to close on March 17, 2016, subject to customary closing conditions. The Company intends to list the Series C Preferred Stock on the New York Stock Exchange under the symbol "STAG Pr C." |
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. Co. owns both single- and multi-tenant properties, although the majority of its portfolio is single-tenant. Preferreds: STAG.PRA, STAG.PRB, STAG.PRC
Open the STAG Page at Preferred Stock Channel »
Name: |
STAG Industrial Inc |
Website: |
www.stagindustrial.com |
Sector: |
REITs |
Number of ETFs Holding STAG: |
63 (see which ones) |
Total Market Value Held by ETFs: |
$1,332,134,821.2 |
Total Market Capitalization: |
$6,350,000,000 |
% of Market Cap. Held by ETFs: |
20.98% |
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Open the STAG Page at Preferred Stock Channel (in a new window) »
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