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National Storage Affiliates prices public share offering

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National Storage Affiliates prices public share offering

National Storage Affiliates Trust priced a public offering of up to 5 million common shares at $25.50 per share, to raise total gross proceeds of $127.5 million.

The company also granted a 30-day option to the underwriters to purchase up to a further of 750,000 common shares.

The offer is expected to close on or about Dec. 11.

Jefferies, Morgan Stanley, Citigroup and Wells Fargo Securities are acting as joint book-running managers for the offering, while KeyBanc Capital Markets, Baird and BMO Capital Markets are acting as joint lead managers, in addition to BTIG and Capital One Securities, who are acting as co-managers.