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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Sep. 1, 9:34 AM

Slide #15. Gramercy Property Trust Inc. Secondary Offering

Company: Gramercy Property Trust Inc. (NYSE:GPT)
Date announced: 8/12/2014
Security type: 7.125% Series B Cumulative Redeemable Preferred Stock (GPT.PRB)
Shares Offered: 3,500,000
Date of Pricing: 8/12/2014
Price Per Share: $25
Secondary Offering Details: Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust (the "Company"), announced today that it priced the public offering of 3,500,000 shares of its 7.125% Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share (the "Series B Preferred Stock"), for gross proceeds of $87.5 million before deducting the underwriting discount and estimated offering expenses payable by the Company.

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.

Preferred: GPT.PRA

Open the GPT Page at The Online Investor »

Company Name:  Gramercy Property Trust Inc
Sector:  REITs
Number of ETFs Holding GPT:  20
Total Market Value Held by ETFs:  $67.39M
Total Market Capitalization:  $721.00M
% of Market Cap. Held by ETFs:  9.35%

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

September 1, 2014    9:34 AM 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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