Markets

CubeSmart's Series A Preferred Shares Cross 7.5% Yield Mark

In trading on Wednesday, shares of CubeSmart's 7.75% Series A Cumulative Redeemable Preferred Shares (Symbol: CUBE.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $25.70 on the day. This compares to an average yield of 7.08% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, CUBE.PRA was trading at a 4.96% premium to its liquidation preference amount, versus the average premium of 1.56% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for CUBE.PRA, showing historical dividend payments on CubeSmart's 7.75% Series A Cumulative Redeemable Preferred Shares:

CUBE.PRA+Dividend+History+Chart

In Wednesday trading, CubeSmart's 7.75% Series A Cumulative Redeemable Preferred Shares (Symbol: CUBE.PRA) is currently down about 0.7% on the day, while the common shares (Symbol: CUBE) are up about 0.5%.

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


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

In This Story

CUBE

Other Topics

Investing

Latest Markets Videos