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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Aug. 29, 5:32 PM

Slide #20. Brixmor Property Group Inc. Secondary Offering

Company: Brixmor Property Group Inc. (NYSE:BRX)
Date announced: 8/10/2016
Shares Offered: 42,400,000
Date of Pricing: 8/11/2016
Price Per Share: $27.59
Secondary Offering Details: Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that certain selling stockholders (the "Selling Stockholders") affiliated with Blackstone Real Estate Partners have commenced a secondary offering of 42,400,000 shares of Brixmor's common stock. Upon consummation of this offering and Blackstone's related distribution of its remaining 455,585 shares in the Company to its partners, Blackstone will no longer beneficially own shares in the Company. -updated 8/11- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the pricing of a secondary offering of 42,400,000 shares of its common stock by certain selling stockholders (the "Selling Stockholders") affiliated with Blackstone Real Estate Partners, which is expected to result in gross proceeds to the Selling Stockholders of approximately $1.17 billion. The offering is expected to close on August 16, 2016, subject to customary closing conditions. Upon consummation of this offering and Blackstone's related distribution of its remaining 455,585 shares in the Company to its partners, Blackstone will no longer beneficially own shares in the Company.

Brixmor Property Group is an internally-managed real estate investment trust. Brixmor Operating Partnership LP and subsidiaries (the Operating Partnership) is the entity through which Co. conducts substantially all of its operations and owns substantially all of its assets. Through the Operating Partnership, Co. is engaged in the ownership, management, leasing, acquisition and anchor space repositioning/redevelopment of retail shopping centers. As of Dec 31 2015, Co.'s portfolio was comprised of 518 shopping centers.

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Company Name:  Brixmor Property Group Inc
Website:  www.brixmor.com
Sector:  REITs
Number of ETFs Holding BRX:  50
Total Market Value Held by ETFs:  $197.00M
Total Market Capitalization:  $8.53B
% of Market Cap. Held by ETFs:  2.31%
 

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August 29, 2016    5:32 PM Eastern
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Buy (2.83 out of 4)
37th percentile
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