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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Dec. 22, 3:31 PM

Slide #12. Gramercy Property Trust Inc. Secondary Offering

Company: Gramercy Property Trust Inc. (NYSE:GPT)
Date announced: 12/9/2014
Shares Offered: 52,000,000
Date of Pricing: 12/11/2014
Price Per Share: $5.90
Secondary Offering Details: Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today that it has commenced an underwritten public offering of 45,000,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 6,750,000 shares of its common stock. - updated 12/11 - Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today the pricing of the public offering of 52,000,000 shares of its common stock at a public offering price of $5.90 per share. In addition, the underwriters of the offering have a 30-day option to purchase up to an additional 7,800,000 shares of the Company's common stock. The offering was upsized from the previously announced offering of 45,000,000 shares. The offering is subject to customary closing conditions and is expected to close on December 16, 2014.

Gramercy Property Trust is a self-managed commercial real estate investment company focused on acquiring and managing income-producing industrial and office properties net leased to high quality tenants in markets throughout the U.S. Co. also operates an asset management business that manages for third-parties, including its Bank of America Portfolio joint venture, commercial real estate assets. As of Dec 31 2013, Co. owned interests (either directly or through a joint venture) in 107 properties containing an aggregate of approximately 7.8 million rentable square feet.

Preferreds: GPT.PRA, GPT.PRB

Open the GPT Page at The Online Investor »

Company Name:  Gramercy Property Trust Inc
Sector:  REITs
Number of ETFs Holding GPT:  21
Total Market Value Held by ETFs:  $82.39M
Total Market Capitalization:  $838.00M
% of Market Cap. Held by ETFs:  9.83%

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

December 22, 2014    3:31 PM Eastern
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Strong Buy (4.00 out of 4)
90th percentile
(ranked higher than approx. 90% of all stocks covered)
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