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Hold (1.83 out of 4)
0th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 25, 11:21 PM
Slide #58. Arbor Realty Trust, Inc. — Preferred Stock Offering
Company: |
Arbor Realty Trust, Inc. (NYSE:ABR) |
Date announced: |
8/4/2021 |
Shares Offered: |
5,000,000 |
Date of Pricing: |
8/4/2021 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
Arbor Realty Trust, Inc. (the "Company") (NYSE:ABR) announced today that it plans to make a public offering of an initial issuance of its Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional shares of Series E Preferred Stock to cover over-allotments, if any. The Company intends to file an application to list the Series E Preferred Stock on the NYSE under the symbol "ABR PrE" and, if approved, expects trading to commence within 30 days after the initial issuance of the Series E Preferred Stock. -updated 8/4- Arbor Realty Trust, Inc. (the "Company") (NYSE:ABR) announced today that it has priced the public offering of 5,000,000 shares of its 6.25% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $125 million, before deducting underwriting discounts and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of the Series E Preferred Stock to cover over-allotments, if any. The offering is expected to close on August 11, 2021. |
Arbor Realty Trust is a real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other commercial real estate assets. Co.'s segments are: Structured Loan Origination and Investment Business, in which it invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity; and Agency Loan Origination and Servicing Business, in which it originates, sells and services a range of multifamily finance products. Preferreds: ABR.PRA, ABR.PRB, ABR.PRC, ABR.PRD, ABR.PRE, ABR.PRF
Open the ABR Page at Preferred Stock Channel »
Name: |
Arbor Realty Trust Inc |
Website: |
www.arbor.com |
Sector: |
REITs |
Number of ETFs Holding ABR: |
47 (see which ones) |
Total Market Value Held by ETFs: |
$534,759,998.4 |
Total Market Capitalization: |
$2,462,000,000 |
% of Market Cap. Held by ETFs: |
21.72% |
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Open the ABR Page at Preferred Stock Channel (in a new window) »
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