In trading on Tuesday, shares of Global Net Lease Inc’s 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRD) were yielding over 8%, with shares changing hands as low as $23.23. This yield compares to an average of 8.47% in the REITs preferred stock category. At the last close, GNL.PRD was trading at a 4.52% discount to its liquidation preference amount, which is significantly better than the average discount of 17.32% in the REITs sector.
During the same trading session, GNL.PRD experienced a decline of approximately 0.1%, while the common shares (Symbol: GNL) rose by about 0.7%.
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