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Pennsylvania Real Estate Investment Trust Message Board

  • davidbdc2001 davidbdc2001 Oct 28, 2013 5:26 PM Flag

    Looks like a strong quarter

    NOI increased and base rents increased - spreads on new leases up over 6% which is good.

    Finally broke through 90% non-anchor occupancy and overall we're at 93.5. Hopefully this means we have another 2.5%-3% over the next 12 months which would pretty much fall to the bottom line.

    Have to listen to see if we've got any news on either JCP or Sears closing stores. Looks like Chambersburg and North Hanover are in the process of being sold (but at a $30 million loss) - though I saw a mention that the South Mall's contract fell through.

    If nothing else this should put us in a position to increase the dividend next year - perhaps .20.

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