Public Storage's Preferred Series M Shares Cross 6.5% Yield Mark

Public Storage’s PSA.PRM preferred shares traded at yields above 6.5% based on its quarterly dividend, annualized to $1.0312, with intraday prices as low as $15.83. The piece is primarily a valuation/yield snapshot rather than a new catalyst, implying limited near-term market impact.

Analysis

Public Storage’s PSA.PRM preferred shares traded at yields above 6.5% based on its quarterly dividend, annualized to $1.0312, with intraday prices as low as $15.83. The piece is primarily a valuation/yield snapshot rather than a new catalyst, implying limited near-term market impact.