Sector: REIT
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
Arbor Realty Trust is a real estate investment trust (REIT) that primarily focuses on investing in multifamily and commercial real estate-related bridge and mezzanine loans, as well as preferred equity and other real estate-related assets. The company was founded in 2003 and is based in Uniondale, New York. Arbor Realty Trust operates as a self-managed real estate investment trust and is primarily engaged in the business of originating, acquiring, investing in, and managing a diversified portfolio of real estate-related bridge and mezzanine loans, preferred equity, and other real estate-related assets.
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