Digital Realty Trust Inc., San Francisco, has priced concurrent public offerings of approximately 5.1 million shares of common stock at $17.80 per share and of 2.2 million shares of preferred stock at $25 per share.The series B cumulative redeemable preferred stock bears an interest rate of 7.875%. Digital, which owns, acquires, and manages technology-related real estate, said it has granted the underwriters an option to buy up to 765,768 additional shares of common stock and up to 330,000 shares of the preferred stock to cover any overallotments. Citigroup and Merrill Lynch & Co. are the joint book-running managers for the common stock offering and, together with UBS Investment Bank, for the preferred stock offering. The company can be found online at http://www.digitalrealtytrust.com.
-
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
53m ago -
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
11h ago -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
April 22 -
An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22