Preferreds Trading at the Largest Discounts

By Preferred Stock Channel Staff, updated Tue, July 5, 8:30 PM

This Slide: #1 of 25

#25. PS Business Parks Inc | 4.875% Cumulative Preferred Stock, Series Z (NYSE:PSB.PRZ) | -28.28% CURRENT DISCOUNT

Discount to Liquidation Preference: -28.28%	Average Discount in Category: -10.38%
Current Annualized Yield: 6.80%	Average Yield in Category: 7.51%
Days Since Last Ex-Div Date: 20 \| See Dividend History »	Categorization: Real Estate

PSB.PRZ — Key Stats

Series:	Z
Alternate symbology:	PSB-Z, PSB-PZ, PSBprZ
Redeemable?:	Yes
Call Date:	11/4/2024
Perpetual?:	Yes
Cumulative?:	Yes
Shares Offered:	12,000,000
Overallotment:	1,000,000
Liquidation Preference:	$25
Recent Market Price:	$17.95
Discount to Liquidation Preference: (More Preferreds Trading at a Discount »)	$-7.05 (-28.20%)
Annualized Dividend:	1.218752
Recent Ex-Date:	6/14/2022
Current Yield:	6.79%
Original Coupon:	4.88%
Pay Period:	Quarterly
Pay Dates:	31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating:	Learn PSB.PRZ's Rating

About PS Business Parks Inc (PSB)

PS Business Parks is a self-advised and self-managed real estate investment trust that owns, operates, acquires and develops commercial properties, primarily multi-tenant industrial, flex and office space. Substantially all of Co.'s assets are held, and its business is conducted, through PS Business Parks, L.P., a California limited partnership. Co. owns and operates commercial space, comprising business parks and buildings located in California, Texas, Virginia, Florida, Maryland and Washington. Co. owns flex space, representing industrial buildings that are configured with a combination of warehouse and office space and can be designed to fit a variety of use types.

Preferreds: PSB.PRS, PSB.PRP, PSB.PRR, PSB.PRT, PSB.PRU, PSB.PRV, PSB.PRW, PSB.PRX, PSB.PRY, PSB.PRZ

Open the PSB Information Page »

PSB — Key Stats (updated 10 HRs, 12 MINs ago)

Name:
PS Business Parks Inc
Website:
www.psbusinessparks.com
Sector:
REITs
Number of ETFs Holding PSB:
69 (see which ones)
Total Market Value Held by ETFs:
$895,698,237.45
Total Market Capitalization:
$5,167,000,000
% of Market Cap. Held by ETFs:
17.33%