6/3/2025
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One of my favorite mREITs, Arbor Realty Trust (ABR) has reported their quarter and also raised there common dividend.
The good numbers have sent some of their preferreds ‘flying’ up 2-3%.
The press release can be found here.
Thanks to RetiredBroker for keeping an eye on this.
CHS (Cenex Harvest States) continues to hit on all cylinders.
While there is no publicly traded common stock CHS has many preferred issues outstanding.
The company just filed their 10-K annual report showing net income of $1.7 billion in net which was triple the previous year.
Here are some press releases from companies that have preferred stock and/or baby bonds outstanding.
Alliant Energy Announces Second Quarter 2022 Results
Altera Infrastructure Reports Second Quarter 2022 Results
Sachem Capital Revenue Increases 86.9% to $12.5 Million for the Second Quarter 2022
Franchise Group, Inc. Announces Fiscal 2022 Second Quarter Financial Results
Great Elm Capital Corp. Announces Second Quarter 2022 Financial Results
XOMA Reports Second Quarter 2022 Financial Results and Highlights Recent Operational Events
Apollo Reports Second Quarter 2022 Results
One of my favorite mREITs Arbor Realty Trust (ABR) has posted earnings for the quarter ending 6/30/2022. With the release they also raised their common dividend.
Earnings were slightly soft, but all things considered they remain respectable.
ABR generally ‘plays’ in the apartment end of the market, which should continue to remain a fairly solid area of the residential marketplace.
The company has 3 perpetual preferreds outstanding which are all trading with current yields in the 7.7% area. You can see them here. All 3 issues have 1st call dates in 2026.
Giant agricultural cooperative CHS (Cenex Harvest States) has reported extremely strong earnings for the quarter and the 9 months ending 5/31/2022.
With strong ag markets (including nitrogen fertilizer) as well as strong oil refining the company is hitting on all cylinders. Net income on the quarter was $576 million with $1.2 billion for the 9 months.
Of course CHS has numerous perpetual preferred stock issues outstanding which can be seen here. Most (if not all) of the issues trade at premium prices–too high for me.