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Buy (3.00 out of 4)
25th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, January 21, 11:25 AM
Slide #203. Cedar Realty Trust, Inc. — Preferred Stock Offering
| Company: |
Cedar Realty Trust, Inc. (NYSE:CDR) |
| Date announced: |
8/16/2017 |
| Shares Offered: |
3,000,000 |
| Date of Pricing: |
8/16/2017 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Cedar Realty Trust, Inc. (NYSE: CDR) (the "Company") today announced that it has commenced an offering to sell shares of Series C Cumulative Redeemable Preferred Stock in an underwritten public offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series C Cumulative Redeemable Preferred Stock initially sold to the public. -updated 8/16- Cedar Realty Trust, Inc. (NYSE: CDR) (the "Company") announced it has priced an underwritten public offering of 3,000,000 shares of its 6.50% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") at $25.00 per share. Gross proceeds to the Company will be approximately $75,000,000. Closing of the offering is scheduled for August 24, 2017, subject to customary closing conditions. As part of the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 450,000 shares. |
Cedar Realty Trust is a real estate investment trust that focuses primarily on ownership, operation and redevelopment of grocery-anchored shopping centers in urban markets from Washington, D.C. to Boston. Co. owns and manages a portfolio of operating properties in Pennsylvania, Connecticut, Massachusetts, Maryland / Washington, D.C., Virginia, New Jersey, New York, and Delaware. Cedar Realty Trust Partnership, L.P. (the Operating Partnership) is the entity through which Co. conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. Co. is the sole general partner of, the Operating Partnership. Preferreds: CDR.PRA, CDR.PRB, CDR.PRC
 Open the CDR Page at Preferred Stock Channel »
| Name: |
Cedar Realty Trust Inc |
| Website: |
www.cedarrealtytrust.com |
| Sector: |
REITs |
| Number of ETFs Holding CDR: |
12 (see which ones) |
| Total Market Value Held by ETFs: |
$15,451,180 |
| Total Market Capitalization: |
$333,000,000 |
| % of Market Cap. Held by ETFs: |
4.64% |
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