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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 Thursday, May 2, 8:23 PM
Slide #526. STAG Industrial, Inc. — Preferred Stock Offering
Company: |
STAG Industrial, Inc. (NYSE:STAG) |
Date announced: |
4/9/2013 |
Shares Offered: |
2,500,000 |
Date of Pricing: |
4/9/2013 |
Price Per Share: |
$25.00 |
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. 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: |
64 (see which ones) |
Total Market Value Held by ETFs: |
$1,308,035,241.41 |
Total Market Capitalization: |
$6,252,000,000 |
% of Market Cap. Held by ETFs: |
20.92% |
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Open the STAG Page at Preferred Stock Channel (in a new window) »
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