Rexford Industrial Realty Series B Preferred Stock Achieves Over 6.5% Yield

On Monday, Rexford Industrial Realty Inc’s 5.875% Series B Cumulative Redeemable Preferred Stock (Symbol: REXR.PRB) yielded over 6.5%, with shares trading as low as $22.51. This yield compares to an average of 7.76% in the “Real Estate” preferred stock category.

As of the last close, REXR.PRB was trading at a 7.80% discount to its liquidation preference amount, which is better than the average 10.81% discount within its category. On the same day, REXR.PRB is down approximately 0.7%, while common shares (Symbol: REXR) fell about 1.4%.