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Pennsylvania Real Estate Investment Trust Message Board

  • davidbdc2001 davidbdc2001 Apr 25, 2013 5:16 PM Flag

    Postive conference call and $20

    Well its been a long long time but we did pass through $20. Looks like FFO definitely will be over $2 this year and that leaves room for continued dividend increases. I get the feeling that future growth comes down to the three blocks in Philly. My guess is that some sort of mix of high end condos, restaurants and more office space will be the plan. Given the government involvement it could take 2-3 years to actually see something through.

    With the reduced leverage we should see a higher P/FFO in the future. Its not tough to see a $25 price in another 2 years with a .22 quarterly dividend (they proved me wrong with my penny a year increase, so now I'm guess 2 cents a year). Overall good news.

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22.67+0.32(+1.43%)Nov 20 4:02 PMEST

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