In trading on Thursday, shares of Global Net Lease Inc’s 7.25% Series A Cumulative Redeemable Preferred Stock (Symbol: GNL.PRA) yielded over 8% based on its quarterly dividend of $1.8125, with prices dropping as low as $22.60. This yield compares to an average of 7.50% within the real estate preferred stock category. GNL.PRA was trading at a 7.60% discount to its liquidation preference, slightly better than the sector average discount of 7.98%.
On the same day, GNL.PRA experienced a decline of approximately 1.9%, while the common shares (Symbol: GNL) fell about 1.2%.
