Terreno Realty Corp Enters Equity Distribution Agreements With Multiple Sales Agents To Offer And Sell Up To $500M In Common Stock, Including Potential "At The Market" Offerings On NYSE
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Terreno Realty Corp has entered into equity distribution agreements with multiple sales agents to offer and sell up to $500 million in common stock. This includes potential 'at the market' offerings on the NYSE.
August 28, 2024 | 12:12 pm
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Terreno Realty Corp has initiated equity distribution agreements to sell up to $500 million in common stock, potentially affecting its stock price due to increased supply.
The announcement of selling up to $500 million in common stock can lead to an increase in the supply of shares, which may put downward pressure on the stock price in the short term. The 'at the market' offerings suggest a flexible approach to selling shares, which could lead to gradual dilution.
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