Public Storage 4.10% Cumulative Preferred Stock, Series S






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%
.




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






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