InfraCap REIT Preferred ETF
PFFR
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1140 Avenue of the Americas, 16th Floor New York NY United States of America 10036
- IPO Date
- Feb 8, 2017
- CIK
- 0001559109
- Website
- virtus.com
- Similar Companies
- Business
- InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that seeks investment results corresponding, before fees and expenses, to the price and yield performance of the Indxx REIT Preferred Stock Index, a modified market-cap-weighted index of U.S.-listed preferred securities issued by real estate investment trusts (REITs). The fund provides targeted exposure to preferred securities from equity REITs and mortgage REITs, including perpetual preferred shares, cumulative redeemable preferred stock, and fixed-to-floating rate preferreds; its portfolio features approximately 113 holdings with top positions in securities from issuers such as DigitalBridge Group Inc., UMH Properties Inc., Digital Realty Trust Inc., Hudson Pacific Properties Inc., and Vornado Realty Trust Inc. PFFR emphasizes attractive yield potential from REIT preferreds, which combine fixed-income and equity characteristics with low equity beta and typically lower leverage compared to traditional preferreds issued by banks or insurers; it maintains a total expense ratio of 0.45%, monthly dividend distributions of $0.12 per share (yielding approximately 7.9% trailing twelve months), and assets under management of about $104.5 million as of late 2025. Launched on February 7, 2017, and listed on NYSE Arca, PFFR is issued by ETFIS Series Trust I and sub-advised by Infrastructure Capital Advisors, LLC (ICA), a New York-based firm founded in 2012 specializing in infrastructure and income strategies; the fund is distributed through Virtus Investment Partners, Inc., with headquarters operations aligned to ICA's New York City base. Geographically, PFFR focuses exclusively on U.S.-listed securities from domestic REITs across sectors including office, residential, hotel, data centers, diversified healthcare, and net lease properties, targeting income-oriented investors seeking real estate exposure with reduced volatility. In recent developments, Infrastructure Capital Advisors added Andrew Meleney, CFA, as co-portfolio manager alongside Jay D. Hatfield in 2024, enhancing the fund's research and management capabilities; the firm also expanded internationally in 2025 by launching the PFFI UCITS ETF for European markets, building on PFFR's strategy of preferred and hybrid securities. Virtus Investment Partners, the affiliated distributor, announced a definitive agreement in December 2025 to acquire a majority interest in Keystone National Group, introducing private credit strategies to its platform, though this does not directly impact PFFR operations; the fund maintained stable monthly distributions through 2025, with ex-dates including November 20 and ongoing Section 19(a) notices detailing income composition. These changes reflect ongoing enhancements in management expertise and broader infrastructure income offerings amid a stable core strategy for PFFR.