Markets

Rexford Industrial Realty's Series B Preferred Stock Shares Cross 5.5% Yield Mark

In trading on Friday, shares of Rexford Industrial Realty Inc's 5.875% Series B Cumulative Redeemable Preferred Stock (Symbol: REXR.PRB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $26.65 on the day. This compares to an average yield of 6.65% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, REXR.PRB was trading at a 7.80% premium to its liquidation preference amount, versus the average premium of 41.58% in the "Real Estate" category.

The chart below shows the one year performance of REXR.PRB shares, versus REXR:

Performance Comparison Chart

Below is a dividend history chart for REXR.PRB, showing historical dividend payments on Rexford Industrial Realty Inc's 5.875% Series B Cumulative Redeemable Preferred Stock:

REXR.PRB+Dividend+History+Chart

In Friday trading, Rexford Industrial Realty Inc's 5.875% Series B Cumulative Redeemable Preferred Stock (Symbol: REXR.PRB) is currently up about 0.1% on the day, while the common shares (Symbol: REXR) are up about 0.4%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

REXR.PRB REXR

Other Topics

Stocks Fixed Income

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More