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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Dec. 9, 6:29 AM

Slide #6. Jernigan Capital, Inc. Secondary Offering

Company: Jernigan Capital, Inc. (NYSE:JCAP)
Date announced: 12/7/2016
Shares Offered: 2,650,000
Date of Pricing: 12/8/2016
Price Per Share: $19.00
Secondary Offering Details: Jernigan Capital, Inc. (NYSE:JCAP) (the "Company") today announced that it has commenced an underwritten public offering of $50,000,000 of shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $7,500,000 of shares of common stock. -updated 12/8- Jernigan Capital, Inc. (NYSE:JCAP) (the "Company") today announced that it has priced an underwritten public offering of 2,650,000 shares of its common stock at a public offering price of $19.00 per share, for net proceeds, after the underwriting discount but before estimated expenses of the offering payable by the Company, of approximately $47.7 million. The offering is expected to close on December 13, 2016, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 397,500 shares of common stock.

Jernigan Capital is a commercial real estate finance company that provides capital to private developers, owners and operators of self-storage facilities. Co. conducts its investment activities through its operating company, Jernigan Capital Operating Company, LLC. Co. focuses primarily on originating the following types of investments: Development Property Investments, which finances ground-up construction of self-storage facilities or self-storage conversion or redevelopment opportunities within the metropolitan statistical areas; and Operating Property Loans, which finances the acquisition of, refinance existing indebtedness on, or recapitalize operating self-storage facilities.
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Company Name:  Jernigan Capital Inc
Stock buyback:  JCAP buyback
Sector:  REITs
Number of ETFs Holding JCAP:  2
Total Market Value Held by ETFs:  $283333
Total Market Capitalization:  $121.00M
% of Market Cap. Held by ETFs:  0.23%

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

December 9, 2016    6:29 AM Eastern
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Strong Buy (3.67 out of 4)
78th percentile
(ranked higher than approx. 78% of all stocks covered)
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