Anybody buying PSA preferred “H” yields 5.9% at yesterday’s close of $23.68. Callable 3/24. Thanks
Welcome @zoofreak to our community!
PSA appears to have some hefty debt, but the maturities seem to not require much high rate refinancing anytime soon. Plus, rates are likely to be lower sometime in 2024/5, just in time for refinancing. Looks like they really timed their large debt offering very well in 2021 with historically low rates locked in for a while. I don’t see anything bad here, but I’m not a REIT expert in any sense.