Sector: REIT
Ellington Financial Inc. 6.25% Series B Fixed Rate Reset Cumulative Redeemable Preferred Stock
The coupon is fixed at 6.25% until 1/30/2027 at which time the rate is reset at the 5 year treasury plus a spread of 4.99% afterwhich the rate resets every 5 years.
Granite Point Mortgage Trust Inc 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 7.00% until 1/14/2027 after which the rate is reset at 3 month SOFR plus a fixed spread of 5.83%. The coupon has a floor of 7.00% (coupon will never be below 7.00%).
The company is selling another 3.2 million shares (plus 480,000 for over allotment) on 1/18/2022.
New York Mortgage Trust 7.00% Series G Cumulative Redeemable Preferred Stock
NexPoint Diversified Real Estate Trust 5.50% Series A Preferred Stock
Hudson Pacific Properties Inc 4.75% Series C Cumulative Redeemable Preferred Stock
Public Storage 4.00% Cumulative Preferred Stock, Series R
Healthcare Trust Inc 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock
Company is a non traded REIT–the ‘parent’ ticker used is for sorting purpoes only
Arbor Realty Trust Inc. 6.25% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 6.25% until 10/30/2026 after which it will float at 3 month SOFR plus a fixed spread of 5.442%
The company reopened this issue on 1/31/2022 with the sale of 3.1 million shares with another 425,000 shares available for over allotments. The sales is made at $24.20
INPOINT Commercial Real Estate Income Inc. 6.75% Series A Cumulative Redeemable Preferred Stock
Inpoint is a non listed company thus there is no parent ticker. The ticker used is for sorting purposes
This issue has a ‘failure to redeem’ clause. Any shares outstanding after 9/22/2026, beginning on 9/30/2026, will get a ‘bonus’ coupon which increases 1% annually (on 9/30) to a maximum of 10%
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Modiv Inc 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock
Modiv is not publicly traded thus there is no parent ticker symbol
Modiv went public on 2/10/2022 under NYSE ticker MDV
New Residential Investment Corporation 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock
Coupon is fixed until 11/15/2026 after which it will reset at the 5 year treasury plus a fixed spread of 6.223%. There after it will reset every 5 years.
Vornado Realty Trust 4.45% Series O Cumulative Redeemable Preferred Stock
Agree Realty Corporation 4.25% Series A Cumulative Redeemable Preferred Stock
Pennymac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Stock
Summit Hotel Properties 5.875% Series F Cumulative Redeemable Preferred Stock
Arbor Realty Trust Inc. 6.25% Series E Cumulative Redeemable Preferred Stock
Public Storage 3.950% Cumulative Preferred Shares, Series Q
Sunstone Hotel Investors 5.70% Series I Cumulative Redeemable Preferred Stock
Pebblebrook Hotel Trust 5.70% Series H Cumulative Redeemable Preferred Shares
New York Mortgage Trust Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at .875% until 10/15/2026 at which point it begins to float at 3 month SOFR plus a spread of 6.13%
CTO Realty Growth Inc. 6.375% Series A Cumulative Redeemable Preferred Stock
Chatham Lodging Trust 6.625% Series A Cumulative Redeemable Preferred Stock
Gladstone Commercial Corp 6.00% Series G Cumulative Redeemable Preferred Stock
TPG Real Estate Finance Trust 6.25% Series C Cumulative Redeemable Preferred Stock