Pennsylvania Real Estate Investment's Series A Preferred Shares Yield Pushes Past 8%

In trading on Monday, shares of Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (PEI.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $25.78 on the day. This compares to an average yield of 7.46% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PEI.PRA was trading at a 3.56% premium to its liquidation preference amount, versus the average discount of 2.94% in the "Real Estate" category.

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The chart below shows the one year performance of PEI.PRA shares, versus PEI:

Performance Comparison Chart

Below is a dividend history chart for PEI.PRA, showing historical dividend payments on Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares :

PEI.PRA+Dividend+History+Chart

In Monday trading, Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares ( PEI.PRA) is currently down about 0.2% on the day, while the common shares ( PEI) are down about 0.4%.

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