On Thursday, Global Net Lease Inc’s 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRB) yielded over 8% based on its quarterly dividend of $1.7188 annually, with shares trading as low as $21.32. This yield surpasses the average of 7.98% in the Real Estate preferred stock category.
As of the last close, GNL.PRB was trading at a 13.64% discount to its liquidation preference amount, compared to the average discount of 12.80% for the Real Estate category. During the same trading day, GNL.PRB saw a slight increase of about 0.2%, while the common shares (Symbol: GNL) fell by approximately 1.9%.
