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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Oct. 23, 5:16 PM

Slide #5. Urstadt Biddle Properties Inc. Secondary Offering

Company: Urstadt Biddle Properties Inc. (NYSE:UBA)
Date announced: 10/21/2014
Security type: 6.75% Series G Cumulative Redeemable Preferred Stock (UBP.PRG)
Shares Offered: 2,800,000
Date of Pricing: 10/22/2014
Price Per Share: $25
Secondary Offering Details: Urstadt Biddle Properties Inc. (NYSE:UBA) (the "Company"), a self-administered equity real estate investment trust today announced the commencement of a public offering of 2,450,000 shares of its Series G Cumulative Redeemable Preferred Stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase an additional 367,500 shares to cover overallotments, if any. BMO Capital Markets is the sole book-running manager for the offering. Deutsche Bank Securities and Stifel are acting as joint lead managers for the offering. J.J.B. Hilliard, W.L. Lyons, LLC, Wunderlich Securities and BNY Mellon Capital Markets, LLC are acting as co-managers for the offering. - updated 10/22 - Urstadt Biddle Properties Inc. (NYSE:UBA) (the "Company"), a self-administered equity real estate investment trust today announced that it has priced a public offering of 2,800,000 shares of its 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share, for estimated net proceeds before expenses of approximately $67.8 million. The offering is subject to customary closing conditions and is expected to close on or about October 28, 2014.

Urstadt Biddle Properties is a real estate investment trust engaged in the acquisition, ownership and management of commercial real estate. Co.'s sole business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the northeastern part of the U.S. with a concentration in Fairfield County, CT, Westchester and Putnam Counties, NY and Bergen County, NJ. At Oct 31 2013, Co. owned or had equity interests in 66 properties comprised of neighborhood and community shopping centers, office buildings, office/retail mixed use and industrial facilities located in seven states throughout the U.S.
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Company Name:  Urstadt Biddle Properties Inc
Sector:  REITs
Number of ETFs Holding UBA:  49
Total Market Value Held by ETFs:  $85.85M
Total Market Capitalization:  $510.00M
% of Market Cap. Held by ETFs:  16.83%

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October 23, 2014    5:16 PM Eastern
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Buy (2.67 out of 4)
26th percentile
(ranked lower than approx. 74% of all stocks covered)
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