Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

Headlines of Interest

Below are some press releases from companies with preferred stock and/or baby bonds outstanding.

View Press Release

Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.285 per Share, a 1.8% Increase Over Prior Quarter


Priority Income Fund Announces an 11.6% Annualized Cash Distribution Rate (on Class R Offering Price) Through “Bonus” and “Base” Common Shareholder Distributions for December 2023 through February 2024


Dynagas LNG Partners LP Announces Date for the Release of the Third Quarter 2023 Results, Conference Call and Webcast

DTE Energy schedules

DTE Energy schedules business update conference call


SL Green Announces Sale of 625 Madison Avenue


Brookfield Infrastructure Announces Reset Distribution Rate on Its Series 11 Preferred Units


SL Green Realty Corp. Announces Annual Ordinary Dividend of $3.00 Per Share

CTO Realty Growth Logo NO Ticker.jpg

CTO Realty Growth Announces Sale of Three Single Tenant Outparcels in Chandler, Arizona For $9.2 Million

logo GNL.JPG

Global Net Lease Continues Leasing Momentum Into the Fourth Quarter

View Press Release

Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities

View Press Release

Hudson Pacific Raises $189 Million from Silicon Valley Land and Studio Debt Sales

View Press Release

Equitable Holdings to Join the S&P MidCap 400 Index

View Press Release

HASI Announces Proposed Private Offering of $500 Million Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields

9 thoughts on “Headlines of Interest”

  1. Global Net Lease……

    The $25/Share master listing is missing two of Global Net Lease preferred stocks:

    GNL-D 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
    Closed today at $19.79
    GNL-E 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock
    Closed today at $19.60 (I own this one, unfortunately I paid more than $19.60. Another one bitten by interest rates.)

    Interesting that GNL-A is on the list and named Series A. GNL-D is also referred to as Series A.

    I’m going to bed! Enough of portfolio review and surfing today!

    1. Global Net Lease supposedly internalized management after the merger paying a pretty penny as the price of its freedom and independence from its external managers. When I tuned in to one of its conference calls, I thought I was at Old Timers Day over at the ball field or had maybe dropped into one of those time travel holes like you see in the movies. I was sure hearin’ some familiar names on the call and the names on the Executive team and Board rosters sure did look familiar.

      Disclosure: Long Global Net Lease preferreds by merger ( I publicly confess a failure of DD). I sure hope they do as well for the shareholders this time around as they did for themselves. On paper, not a bad company but ….”I said my, my, my, I’m once bitten, twice shy, babe” – rock lyric


    2. Thanks for the proofread dj–will check it out. Sometimes they are on a number of ‘lists’, but somehow I miss getting them on others.

  2. Well, had no knowledge of who HASI was, so I clicked on the link and read the press release. Don’t think we will be seeing those Senior notes available anytime as they will be offered to only Qualified Institutional Buyers. Since I don’t have $100 million in assets under management among other things I certainly don’t qualify! HASI is Hannon Armstrong Sustainable Infrastructure Capital, Inc. Went to their website and read about them. I would definitely classify them as a “Green” company! I have sure have had a lot of time today to just surf the net!

    1. dj, I followed HASI when they first went public and I did a few flips. I commented on the Canadian chat to Canuck Buck.
      6.7% yield
      HASI held a total debt balance of $3.66 billion at the end of its fiscal 2023 third quarter, driving a record quarterly interest on long-term debt.
      HASI reported revenue of $89.85 million for its third quarter, up 49.4% over its year-ago comp and a beat by $52.56 million on consensus estimates. This drove earnings of $21.45 million, down 38% from $34.5 million a year ago
      They are dropping their REIT status.
      They are adding 550 million in debt at 8%
      Their business is dependent on government funding and tax treatment for green renewable projects. Take these away and the business model doesn’t make sense.
      Be glad your not in the elite tax bracket that can afford to make a high risk investment in these 8% unsecured notes due to risk of loss. Now you just have to see if any of your Mutual fund holdings or ETF’s hold HASI
      Long term, I see this like another holding, CORR. Check back on this in 2025
      PS, I did a cut and paste from a recent SA article that the author didn’t sound too confident in holding his current position in HASI

        1. 2WR thanks for the reminder, I forgot about that. HASI holds no interest to me and is too large for me to dive into all their holdings. I am just going by my general feeling with my background in building and construction. I see them as more of a financial and development company that does projects and flips them to get the money back out. I get the impression they are a builder of infrastructure but not a long term holder of that infrastructure. They help finance and build a wind farm but then sell it. I just like holding a company that owns and operates the infrastructure long term like a utility. So guess I am saying not my cup of tea for a long term hold.

Leave a Reply

Your email address will not be published. Required fields are marked *