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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Nov. 23, 7:59 AM

Slide #11. Independence Realty Trust, Inc. Secondary Offering

Company: Independence Realty Trust, Inc. (AMEX:IRT)
Date announced: 11/19/2014
Shares Offered: 6,000,000
Date of Pricing: 11/20/2014
Price Per Share: $9.60
Secondary Offering Details: Independence Realty Trust, Inc. (NYSE MKT:IRT) (the "Company") today announced that it has commenced an underwritten public offering of 6,000,000 shares of common stock. The Company expects to grant the underwriter a 30-day option to purchase up to 900,000 additional shares of common stock. - updated 9/20 -Independence Realty Trust, Inc. (NYSE MKT:IRT) (the "Company") today announced the pricing of its public offering of 6,000,000 shares of common stock at a public offering price of $9.60 per share for total gross proceeds of $57.6 million. The offering is expected to close on November 25, 2014, subject to the satisfaction of customary closing conditions. The Company has granted the underwriter a 30-day option to purchase up to 900,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions.

Independence Realty Trust is a real estate investment trust. Co. owns and operates a portfolio of apartment properties located throughout the U.S. Co. is externally advised by a wholly-owned subsidiary of RAIT Financial Trust, a multi-strategy commercial real estate company. Co. conducts its operations through its operating partnership, Independence Realty Operating Partnership, LP, of which Co. is the sole general partner. As of Dec 31 2013, Co. owned 10 apartment properties with 2,790 units located in seven states.
Open the IRT Page at The Online Investor »

Company Name:  Independence Realty Trust Inc
Sector:  REITs
Number of ETFs Holding IRT:  3
Total Market Value Held by ETFs:  $478334
Total Market Capitalization:  $255.00M
% of Market Cap. Held by ETFs:  0.19%

Open the IRT Page at The Online Investor (in a new window) »

November 23, 2014    7:59 AM Eastern
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Strong Buy (4.00 out of 4)
88th percentile
(ranked higher than approx. 88% of all stocks covered)
Based on Zacks ABR data;
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