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MAC - Our Top REIT Preferred: +9% Yield From PREIT
Macerich Company
Co-produced with Beyond Saving
Back in March, we recommended investors consider investing in the preferred equity of Pennsylvania Real Estate Investment Trust (PEI). With a common dividend yielding more than 16%, the common equities are certainly tempting, however, sentiment remains strongly against the mall sector.
Among mall REITs, one of our favorite is Macerich (MAC) with a yield of 9%. MAC holds quality malls and enjoys one of the best locations in the nation. It has been an admittedly bumpy ride as Mr. Market is in full panic. Blood is flowing