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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Aug. 31, 9:46 PM

Slide #24. Franklin Street Properties Corp. Secondary Offering

Company: Franklin Street Properties Corp. (AMEX:FSP)
Date announced: 8/10/2016
Shares Offered: 6,125,000
Date of Pricing: 8/11/2016
Price Per Share: $12.35
Secondary Offering Details: Franklin Street Properties Corp. (the "Company" or "FSP") (NYSE MKT:,FSP) today announced that it has commenced an underwritten public offering of 6,125,000 shares of its common stock. The underwriters are expected to be granted a 30-day option to purchase up to an additional 918,750 shares. -updated 8/11- Franklin Street Properties Corp. (the "Company" or "FSP") (NYSE MKT:,FSP) today announced the pricing of its previously-announced public offering of 6,125,000 shares of its common stock at a price of $12.35 per share, for net proceeds of approximately $72.1 million after underwriting discounts and commissions and estimated offering expenses (or approximately $83.0 million if the underwriters' option to purchase additional shares is exercised in full). FSP has granted the underwriters the option to purchase up to an additional 918,750 shares of common stock. The offering is expected to close on August 16, 2016.

Franklin Street Properties is a real estate investment trust (REIT) focused on commercial real estate investments primarily in office markets and operates in only one segment: real estate operations. Co. provides asset management, property management, property accounting, and/or development services to its portfolio and certain of its sponsored REITs through its subsidiaries FSP Investments LLC and FSP Property Management LLC. As of Dec 31 2014, Co. owned and operated a portfolio of real estate consisting of 38 office properties.

FSP SEC Filing Email Alerts Service

Open the FSP Page at The Online Investor »

Company Name:  Franklin Street Properties Corp
Sector:  REITs
Number of ETFs Holding FSP:  40
Total Market Value Held by ETFs:  $127.91M
Total Market Capitalization:  $1.27B
% of Market Cap. Held by ETFs:  10.10%

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

August 31, 2016    9:46 PM Eastern
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Hold (2.17 out of 4)
12nd percentile
(ranked lower than approx. 88% of all stocks covered)
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