Preferred Stock Channel
Rexford Industrial Realty Inc | 5.875% Series B Cumulative Redeemable Preferred Stock (REXR.PRB)

Prospectus excerpt:  We are offering 3,000,000 shares of our 5.875% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the series B preferred stock. We will pay cumulative dividends on the series B preferred stock from the date of original issue at a rate of 5.875% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.46875 per share). Dividends on the series B preferred stock will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, beginning on or about March 30, 2018. The series B preferred stock will rank senior to our common stock with respect to dividend rights and rights upon our liquidation, dissolution or winding up.

Full Prospectus PDF », REXR Page »

Series:B
Alternate symbology:REXR-B, REXR-PB, REXRprB
Redeemable?:Yes
Call Date:11/13/2022
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:3,000,000
Liquidation Preference:$25
Recent Market Price:$24.65
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.35 (-1.40%)
Annualized Dividend:1.468752
Recent Ex-Date:6/14/2022
Current Yield:5.96%
Original Coupon:5.88%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn REXR.PRB's Rating
Rexford Industrial Realty is a holding company and a self-administered and self-managed real estate investment trust. Through its controlling interest in its sole general partner, Rexford Industrial Realty, L.P. and its subsidiaries, Co. owns, manages, leases, acquires and develops industrial real estate primarily located in Southern California infill markets, and from time to time, acquires or provides mortgage debt secured by industrial property.

Preferreds: REXR.PRA, REXR.PRB, REXR.PRC


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Name:  Rexford Industrial Realty Inc
Website:  www.rexfordindustrial.com
Sector:  REITs
Number of ETFs Holding REXR:  70 (see which ones)
Total Market Value Held by ETFs:  $2,062,331,146.56
Total Market Capitalization:  $10,324,000,000
% of Market Cap. Held by ETFs:  19.98%

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