Pennsylvania Real Estate Investment Trust's Series B Cumulative Redeemable Perpetual Preferred Shares Cross 7.5% Yield Mark


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In trading on Friday, shares of Pennsylvania Real Estate Investment Trust’s 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $24.58 on the day. This compares to an average yield of 6.82% in the “Real Estate” preferred stock category, according to Preferred Stock Channel . As of last close, PEI.PRB was trading at a 0.20% discount to its liquidation preference amount, versus the average premium of 2.11% in the “Real Estate” category.

The chart below shows the one year performance of PEI.PRB shares, versus PEI: Performance Comparison Chart

Below is a dividend history chart for PEI.PRB, showing historical dividend payments on Pennsylvania Real Estate Investment Trust’s 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares: PEI.PRB+Dividend+History+Chart In Friday trading, Pennsylvania Real Estate Investment Trust’s 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRB) is currently off about 1.5% on the day, while the common shares (Symbol: PEI) are down about 1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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