|Bid||5.19 x 1400|
|Ask||5.21 x 800|
|Day's Range||5.21 - 5.38|
|52 Week Range||3.00 - 22.10|
|Beta (5Y Monthly)||2.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.72 (37.77%)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||N/A|
PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today reports that, as a result of progress made in negotiations to date, it has entered into an amendment to the previously announced Restructuring Support Agreement ("RSA") that grants an extension of time through October 28, 2020 to achieve the support of 100% of its lenders to the terms of the debt restructuring provided under the RSA, providing the runway to achieve an out-of-court restructuring.
PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that it has reached an agreement with more than 80% of its bank lenders under which the banks would provide an additional $150 million to recapitalize the business and extend the Company's debt maturity schedule, supporting PREIT's operations and the continued execution of its strategic priorities.
PREIT (NYSE: PEI) announced today that on September 25, 2020 it received formal notice from the New York Stock Exchange (the "NYSE") of non-compliance (the "NYSE Notice") with the NYSE's continued listing standards, which require common stock to maintain a minimum average closing price of $1.00 per share over a consecutive 30-trading day period.