Rexford Industrial offers a compelling risk/reward in its preferred equity, with yields exceeding 7% and exceptional dividend coverage. REXR's preferred dividends require less than 2% of FFO, and the robust $7.2B equity base provides a substantial cushion for preferred shareholders. Series C preferred (REXR.PR.C) trades at a 7.08% yield, with low call risk and a potential 25% capital gain if redeemed at par.