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On Friday, shares of Public Storage’s 4.10% Depositary Shares Cumulative Preferred Shares Series S (Symbol: PSA.PRS) were yielding over 6%, trading as low as $17.07. This yield is below the average of 7.81% for the “Real Estate” preferred stock category, according to Preferred Stock Channel.
At the last close, PSA.PRS was trading at a 31.28% discount to its liquidation preference, compared to the average discount of 11.82% in the same category. Additionally, PSA.PRS was down about 0.6% on the day, while the common shares (Symbol: PSA) fell approximately 0.7%.
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