On Tuesday, shares of Rexford Industrial Realty Inc’s 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) yielded over 6.5%, with prices as low as $21.56. The stock’s quarterly dividend is annualized at $1.4063. Comparatively, the average yield in the “Real Estate” preferred stock category is 8.28%, with REXR.PRC trading at a 12.76% discount to its liquidation preference, versus the category average of 17.28%.
As of Tuesday’s trading, REXR.PRC saw an increase of approximately 0.3%, while the common shares (Symbol: REXR) fell by about 0.1%.
