“`html
On Monday, Public Storage’s 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) yielded above 6%, with shares trading as low as $20.22. This is in contrast to an average yield of 7.86% in the “Real Estate” preferred stock category. At the last close, PSA.PRI was trading at an 18.44% discount to its liquidation preference, compared to the category average of 12.26%.
As of the latest trading data, PSA.PRI is down about 0.6% on the day, while the common shares of Public Storage (Symbol: PSA) decreased by approximately 1%.
“`
