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On Wednesday, shares of National Storage Affiliates Trust’s 6.000% Series B Cumulative Redeemable Preferred Shares (Symbol: NSA.PRB) yielded above 7%, with a trading price as low as $21.29. The annualized dividend is $1.50, contrasting with an average yield of 8.35% in the REITs preferred stock category, according to Preferred Stock Channel. NSA.PRB was also trading at a 14.08% discount to its liquidation preference, while the average discount in the category is 17.24%.
On the same day, NSA.PRB was down approximately 0.9%, while the common shares (Symbol: NSA) saw a decline of about 1.8%.
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