The 10 Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Tue, May 24, 5:49 PM

This Slide: #1 of 10

#10. Seritage Growth Properties | 7.00% Series A Cumulative Redeemable Preferred Shares (NYSE:SRG.PRA) | 10.17% CURRENT YIELD

Discount to Liquidation Preference: -31.16%	Average Discount in Category: -30.54%
Current Annualized Yield: 10.17%	Average Yield in Category: 6.62%
Days Since Last Ex-Div Date: 37 \| See Dividend History »	Categorization: REITs

SRG.PRA — Key Stats

Series:	A
Alternate symbology:	SRG-A, SRG-PA, SRGprA
Redeemable?:	Yes
Call Date:	12/14/2022
Perpetual?:	Yes
Cumulative?:	Yes
Shares Offered:	2,800,000
Overallotment:	628000
Liquidation Preference:	$25
Recent Market Price:	$16.71
Discount to Liquidation Preference: (More Preferreds Trading at a Discount »)	$-8.29 (-33.16%)
Annualized Dividend:	1.75
Recent Ex-Date:	6/29/2022
Current Yield:	10.47%
Original Coupon:	7.00%
Pay Period:	Quarterly
Pay Dates:	15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating:	Learn SRG.PRA's Rating

About Seritage Growth Properties (SRG)

Seritage Growth Properties is a self-administered and self-managed real estate investment trust. Co.'s assets are held by and its operations are primarily conducted, directly or indirectly, through Seritage Growth Properties, L.P., its operating partnership. Co. is primarily engaged in the acquisition, ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the U.S. Co.'s portfolio consists of wholly owned properties across several states and Puerto Rico, and interests in several properties across various states.

Preferred: SRG.PRA

Open the SRG Information Page »

SRG — Key Stats (updated 7 HRs, 27 MINs ago)

Name:
Seritage Growth Properties
Website:
www.seritage.com
Sector:
REITs
Number of ETFs Holding SRG:
30 (see which ones)
Total Market Value Held by ETFs:
$53,519,848
Total Market Capitalization:
$334,000,000
% of Market Cap. Held by ETFs:
16.02%