trending Market Intelligence /marketintelligence/en/news-insights/trending/LZMnOAoieY3sv-Pu8pKjyQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Public Storage prices $200M preferred stock offering

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Public Storage prices $200M preferred stock offering

Public Storage priced a public offering of 8.0 million depositary shares at $25.00 apiece, expecting to raise gross proceeds of $200 million.

Each depository share represents 0.001 of a 4.75% series K cumulative preferred share of beneficial interest.

The self-storage real estate investment trust expects to use the net proceeds to invest in self-storage facilities and in entities that own such facilities, among other uses.

BofA Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC were joint book-running managers of the offering, which is expected to close on or about Dec. 20.