Over 5% On This Office REIT Preferred, Thoughts On Vornado Series M

Larger deal sizes can also be done by certain issuers - today’s issue was 12 million shares, or $300 million.

Summary

  • REITs continue to tap the preferred market, receiving attractive rates.
  • Larger deal sizes can also be done by certain issuers - today’s issue was 12 million shares, or $300 million.
  • Our thoughts on the new preferred stock.
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