Additionally, the underwriters are given a greenshoe option to purchase up to another 975K shares. The offering will add less than 4% to the float.
In other news, the company announces approximately $503M in new properties and properties under development/expansion in Q3 with a weighted average lease rate of 7.1% and average lease term of 14.7 years. About 72% of the rent is derived from investment grade tenants.
O -1.8% AH.