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

By Preferred Stock Channel Staff, Thursday, February 25, 2:27 PM ET

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In trading on Thursday, shares of Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (NYSE:REXR.PRC) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $25.41 on the day. This compares to an average yield of 6.37% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, REXR.PRC was trading at a 3.40% premium to its liquidation preference amount, versus the average discount of 0.17% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for REXR.PRC, showing historical dividend payments on Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock:

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In Thursday trading, Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (NYSE:REXR.PRC) is currently off about 1.7% on the day, while the common shares (NYSE:REXR) are off about 1.7%.

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

Rexford Industrial Realty's Series C Preferred Stock Shares Cross 5.5% Yield Mark | www.PreferredStockChannel.com