Stag Industrial Commences Offering Of 7.25 Mln Shares

STAG Industrial Q1 FFO Rises

STAG Industrial Boosts Common Stock Dividend

Trade STAG now with

5/21/2012 4:09 PM ET

Stag Industrial Inc. (STAG: Quote) Monday said it began offering of 7.25 million common shares. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 1.1 million shares to cover overallotments, if any.

Stag plans to use the proceeds to fund acquisitions currently under contract as well as to fund future acquisitions, repay indebtedness outstanding under its secured corporate revolving credit facility.

Click here to receive FREE breaking news email alerts for STAG Industrial, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 112 Articles Next>>

Editors Pick

Stocks Climbing Well Off Lows After Early Sell-Off - U.S. Commentary

While stocks moved sharply lower at the start of trading on Thursday, selling pressure waned not long after the open. The markets have subsequently seen a notable recovery attempt, as some traders look to pick up stocks at reduced levels. The major averages have climbed well off their worst levels but are currently still posting modest losses.

U.S. New Home Sales Rise 2.3% In April, Coming In Well Above Estimates

In another upbeat sign for the U.S. housing market, the Commerce Department released a report on Thursday showing that new home sales came in well above economist estimates in the month of April. The report showed that new home sales climbed 2.3 percent to a seasonally adjusted annual rate of 454,000 in April from the revised March rate of 444,000.

Eurozone Consumer Confidence Improves For Sixth Month

Consumer sentiment in the euro area increased for the sixth consecutive month in May to its strongest level since the middle of last year, preliminary data from the European Commission showed Thursday. The DG ECFIN flash estimate of the consumer confidence indicator for Eurozone came in at -21.9,...