Seritage Growth Properties's Series A Preferred Shares Cross 7.5% Yield Mark

By Preferred Stock Channel Staff, Monday, November 21, 2:27 PM ET

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In trading on Monday, shares of Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (NYSE:SRG.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $23.21 on the day. This compares to an average yield of 8.50% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, SRG.PRA was trading at a 6.20% discount to its liquidation preference amount, versus the average discount of 35.11% in the "REITs" category.

The chart below shows the one year performance of SRG.PRA shares, versus SRG:

Performance Comparison Chart

Below is a dividend history chart for SRG.PRA, showing historical dividend payments on Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares :

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In Monday trading, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (NYSE:SRG.PRA) is currently down about 0.3% on the day, while the common shares (NYSE:SRG) are down about 0.5%.

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Seritage Growth Properties's Series A Preferred Shares Cross 7.5% Yield Mark

Seritage Growth Properties's Series A Preferred Shares Cross 7.5% Yield Mark | www.PreferredStockChannel.com