|Bid||9.50 x 800|
|Ask||9.51 x 800|
|Day's Range||9.48 - 9.59|
|52 Week Range||8.86 - 12.52|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.84 (8.66%)|
|1y Target Est||10.46|
Pennsylvania Real Estate Investment's (PEI) latest tenant lineup at the company flagship destination -- Cherry Hill Mall -- complements its targeted merchandising strategies and differential tenant mix.
PHILADELPHIA, Sept. 18, 2018 /PRNewswire/ -- PREIT (PEI) today unveiled a lineup of new tenants for Cherry Hill Mall, a premier fashion and dining destination in the Philadelphia region, continuing to stay ahead of consumer expectations and further expanding the tenant mix. New to PREIT's portfolio, affordable Canadian fast-fashion destination Ardene will debut as the brand's only store in the region. The 11,000 square foot store will meet the growing demand for this retail segment and will open later this year.
In its latest efforts to sail through retail market blues, PREIT (PEI) commences construction at the premium Woodland Mall. Also, new-to-portfolio retailers will likely boost mall traffic and sales.
PHILADELPHIA, Aug. 20, 2018 /PRNewswire/ -- PREIT (PEI) today unveiled a series of milestones in the high-impact redevelopment of Woodland Mall, further strengthening the already dominant asset in the Grand Rapids, MI market and redefining the shopping experience for consumers. Construction has commenced on first-to-portfolio retailer Von Maur, which will occupy 90,000 square feet in the former Sears footprint. This location will be the high-end department store's first in the region, with an anticipated October 2019 opening, and will join a series of other new-to-portfolio and new-to-market retailers at the mall.
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
Though it came at a price — $100 million more than expected — the redevelopment team of the former Gallery believe they are creating a marquee project that will be a destination in Philadelphia.
PHILADELPHIA, Aug. 8, 2018 /PRNewswire/ -- PREIT (PEI) today announced the next phase of Plymouth Meeting Mall's transformation with the redevelopment of the property's Macy's store. Long before the term "retailtainment" was coined, PREIT was ahead of industry trends in transforming its properties from pure retail to full-scale lifestyle destinations, as evidenced by the evolution of Plymouth Meeting Mall. Its foresight into evolving consumer preferences and the need for differentiated retail offerings included the addition of Dave and Buster's in 2009, nearly a decade prior to the entertainment explosion at malls, and Whole Foods in 2010, one of the first grocery stores on a mall property.
PHILADELPHIA, Aug. 6, 2018 /PRNewswire/ -- PREIT (PEI) today announced the addition of Studio Movie Grill at Willow Grove Park, replacing the former JC Penney, further diversifying and enhancing the mall's tenant roster with an exciting experiential tenant. Slated to open in 2019, Studio Movie Grill represents the latest accomplishment in PREIT's comprehensive and strategic anchor repositioning program – marking 11 announced department store replacements solidified since the beginning of 2017.
Pennsylvania Real Estate (PEI) delivered earnings and revenue surprises of 14.71% and -7.43%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / Pennsylvania Real Estate Investment Trust (NYSE: PEI ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 3, 2018 at 11:00 ...
The Philadelphia-based real estate investment trust said it had funds from operations of $30.3 million, or 39 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment ...
Executed Non-Anchor Leases add 230 bps to Occupancy Sales PSF at Top 5 Properties Exceed $600 $700 Million Credit Facility Recast Complete Average Renewal Spreads were 7.5% in Wholly Owned Portfolio PHILADELPHIA ...
Macerich and Pennsylvania Real Estate Investment Trust, the companies redeveloping the Center City property, now say that the opening is set for November 2019 but progress is being made.
PHILADELPHIA, Aug. 1, 2018 /PRNewswire/ -- Fashion District Philadelphia, a joint venture partnership between Macerich and PREIT, today unveils a series of impactful project milestones, including dynamic tenants and community programming reflective of the vision and significant nature of this project's impact and reach in Philadelphia. With over 650,000 square feet of space, or more than 80%, leased or in active negotiations, the new additions create a vibrant destination for shopping, dining, socializing and playing, cementing the next generation of consumer experiences. As the retail landscape evolves to further integrate lifestyle and dining concepts, the project has advanced its tenancy to reflect the brand pillars in four key areas in one operating platform: Style, Dining, Entertainment, and Arts & Culture.
Coworking operator 1776 is adding to its network of locations and will expand to the Cherry Hill Mall. It will occupy 11,000 square feet in the 1.3-million-square-foot retail center, which is owned by Pennsylvania Real Estate Investment Trust (NYSE: PEI). The mall operator established Bespoke in 2015 in 37,000 square feet at its Westfield San Francisco Centre.
PHILADELPHIA, July 24, 2018 /PRNewswire/ -- PREIT (PEI) today announced a new partnership with 1776 at Cherry Hill Mall to drive innovation among the local retail community. 1776 has created the largest network of incubators that cultivates and empowers companies and startup ecosystems in the Northeast Corridor. As developers get more innovative with the use of space and the concept of a workplace evolves, this is a new-to-portfolio concept for PREIT and the first mall location for 1776.
PHILADELPHIA, July 19, 2018 /PRNewswire/ -- Pennsylvania Real Estate Investment Trust (PEI) announced that its Board of Trustees has declared a quarterly cash dividend of $0.21 per common share. The dividend is payable on September 17, 2018 to common shareholders of record on September 4, 2018. The Company also announced today that its Board of Trustees has declared quarterly cash dividends of $0.4609375 per share on its 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares, $0.450000 per share to holders of its 7.20% Series C Preferred Shares, and $0.4296875 per share to holders of its 6.875% Series D Preferred Shares. PREIT (PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets.