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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., May. 5, 6:26 AM

Slide #19. Washington REIT Secondary Offering

Company: Washington REIT (NYSE:WRE)
Date announced: 4/28/2016
Shares Offered: 4,625,000
Date of Pricing: 4/29/2016
Price Per Share: $28.20
Secondary Offering Details: Washington REIT (Washington Real Estate Investment Trust NYSE: WRE) today announced that it has commenced an underwritten public offering of 4,000,000 common shares pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. The Company has also granted the underwriters a 30-day option to purchase up to 600,000 additional shares of beneficial interest. -updated 4/29 - Washington REIT (Washington Real Estate Investment Trust NYSE: WRE) today announced the pricing of an underwritten public offering of 4,625,000 common shares, which was upsized from the previously announced 4,000,000 common shares, at a public offering price of $28.20 per share, for gross proceeds of approximately $130.4 million. Washington REIT has also granted the underwriters a 30-day option to purchase up to 693,750 additional common shares.

Washington Real Estate Investment Trust is a real estate investment trust. Co.'s business consists of the ownership and operation of real property in the Washington metro region. Co. has three reportable segments: office; retail, which are typically grocery store anchored neighborhood centers that include other small shop tenants or regional power centers with several junior box tenants; and multifamily, which provides rental housing for individuals and families throughout the Washington metro region. As of Dec 31 2014, Co. owned a portfolio of 56 properties, which consisted of 25 office properties, 17 retail centers and 14 multifamily properties.

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Company Name:  Washington Real Estate Investment Trust
Sector:  REITs
Number of ETFs Holding WRE:  33
Total Market Value Held by ETFs:  $79.03M
Total Market Capitalization:  $1.99B
% of Market Cap. Held by ETFs:  3.97%

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May 5, 2016    6:26 AM Eastern
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Buy (2.57 out of 4)
21st percentile
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