No. of Recommendations: 4
I haven't downloaded their CF history to look at trending, but eyeballing their common dividend history shows it has not grown from $.33 since 1Q15.

I'm surprised this preferred has maintained such a high price when the common dividend has been cut to $.01. Now, that it is continuing the common dividend is a good sign, as I read this to be a message to preferred shareholders that their dividend is safe. And the preferred has been trading at a premium since issued, rising to almost $29 just before the meltdown began in Feb. So the market seems to like this REIT. But is a 7.2% yield enough in this economic environment when we're faced with this kind of uncertainty?

BruceM
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