- Vereit (NYSE:VER) plans to redeem 6.0M of its 6.70% series F cumulative redeemable preferred stock, representing 24.12% of its series F preferred stock outstanding, on Sept. 20, 2020.
- The REIT also said it received ~93% of August rent, which includes ~2% to be paid in arrears by a government agency tenant.
- Vereit is in ongoing discussions with tenants regarding unpaid rent.
- The series F preferred stock will be redeemed at $25 per share plus accrued and unpaid dividends from Sept. 15, 2020 to, but not including, the redemption date, bringing the total redemption price to $25.0232639 per share.
- See total preferred equity on VER's balance sheet by quarter since Dec. 2017:
- Previously: Vereit Q2 FFO beats, rent collections, liquidity improves (Aug. 6)
Vereit to redeem some series F preferred; collects 93% of August rent
Recommended For You
About O Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
O | - | - |
Realty Income Corporation |