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QTS Realty Trust Inc | 7.125% Series A Cumulative Redeemable Perpetual Preferred Stock (QTS.PRA)

Prospectus excerpt:  We are offering 4,000,000 shares of our 7.125% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as our Series A Preferred Stock. This is the original issuance of our Series A Preferred Stock. Dividends on our Series A Preferred Stock will be cumulative from the date of original issue and payable quarterly on or about the 15th day of each January, April, July and October at the rate of 7.125% per annum of its liquidation preference, which is equivalent to $1.78125 per annum per share. The first dividend on our Series A Preferred Stock is payable on April 15, 2018 (in the amount of $0.14844 per share).

Full Prospectus PDF », QTS Page »

Series:A
Alternate symbology:QTS-A, QTS-PA, QTSprA
Redeemable?:Yes
Call Date:3/15/2023
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Overallotment:600000
Liquidation Preference:$25
Recent Market Price:$26.78
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.78 (7.12%)
Annualized Dividend:1.78125
Recent Ex-Date:6/27/2019
Current Yield:6.65%
Original Coupon:7.13%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
QTS Realty Trust, through its controlling interest in QualityTech, LP, is engaged in the business of owning, acquiring, redeveloping and managing multi-tenant data centers. Co.'s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. Co. has a platform through which it owns and operates its data centers and provide a range of IT infrastructure solutions which include its principal data center products. Co.'s data centers are facilities utilized by its customers to store, power and cool the server, storage, and networking equipment that support their business systems and processes.

Preferred: QTS.PRA


Open the QTS Information Page »
Name:  QTS Realty Trust Inc
Website:  www.qtsdatacenters.com
Sector:  REITs
Number of ETFs Holding QTS:  40 (see which ones)
Total Market Value Held by ETFs:  $434,567,902
Total Market Capitalization:  $2,472,000,000
% of Market Cap. Held by ETFs:  17.58%

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