Inland Real Estate Corporation (IRC) - NYSE
  • Dec. 15, 2015, 8:01 AM
    • The all-cash deal works out to $10.60 per share for Inland Real Estate (NYSE:IRC). The buyer is DRA Advisors.
    • Noting the stock has consistently traded at a discount to both net asset value and shopping center REIT peers, the board sought the sale as a way to help close that gap.
    • The deal is expected to close in H1.
    • Shares +5.5% premarket to $10.49.
    | Dec. 15, 2015, 8:01 AM | 1 Comment
Company Description
Inland Real Estate Corp with its subsidiaries is a publicly held real estate investment trust which owns, operates and develops retail shopping centers.
Sector: Financial
Industry: REIT - Retail
Country: United States