In trading on Tuesday, Federal Realty Investment Trust’s 5.000% Series C Cumulative Redeemable Preferred Shares (Symbol: FRT.PRC) experienced a yield exceeding 6.5%, with shares trading as low as $19.18. The annualized dividend stands at $1.25, contrasting sharply with an average yield of 8.08% in the “Real Estate” preferred stock category.
FRT.PRC is currently trading at a 22.68% discount to its liquidation preference, significantly higher than the average discount of 14.23% for its peers. On the same day, FRT.PRC was down about 0.8%, while the common shares (Symbol: FRT) fell approximately 0.4%.
