InfraREIT Priced, NYSE: HIFR

REIT formed to own electric transmission and distribution assets in Texas.

Industry: Real Estate

Latest Trade: $19.45 0.00 (0.0%)

First Day Return: +15.7%

Return from IPO: -15.4%

Industry: Real Estate

We are an externally-managed REIT that owns rate-regulated electric transmission and distribution assets, such as power lines, substations, transmission towers, distribution poles, transformers and related property and assets, in Texas. We are focused on paying a consistent and growing cash dividend that is sustainable on a long-term basis. We believe we are well positioned to take advantage of favorable trends in the T&D sector, including the replacement of aging assets and the construction of new assets to address growing energy demand. We believe our attractive REIT structure and focus on Texas and the southwestern United States, where we can leverage a proven track record of identifying, developing, constructing and acquiring critical infrastructure assets, provide us with a significant competitive advantage to execute our growth strategy.
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IPO News for InfraREIT
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IPO Data
IPO File Date 12/19/2014
Offer Price $23.00
Price Range $19.00 - $21.00
Offer Shares (mm) 20.0
Deal Size ($mm) $460
IPO Data
IPO Date 01/29/2015
Offer Price $23.00
Price Range $19.00 - $21.00
Offer Shares (mm) 20.0
Deal Size ($mm) $460
Underwriters
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Company Data
Headquarters Dallas, TX
Founded 2010
Employees
Website www.infrareitinc.com