PEI - Pennsylvania Real Estate Investment Trust

NYSE - NYSE Delayed Price. Currency in USD
10.75
-0.10 (-0.92%)
At close: 4:02PM EDT
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Previous Close10.85
Open10.81
Bid0.00 x 0
Ask0.00 x 0
Day's Range10.68 - 10.90
52 Week Range8.86 - 13.02
Volume658,688
Avg. Volume1,110,931
Market Cap845.237M
Beta1.50
PE Ratio (TTM)N/A
EPS (TTM)-0.89
Earnings DateApr 23, 2018 - Apr 27, 2018
Forward Dividend & Yield0.84 (7.39%)
Ex-Dividend Date2018-05-31
1y Target Est10.68
Trade prices are not sourced from all markets
  • PR Newswire3 days ago

    PREIT Declares Quarterly Dividend for Common and Preferred Shares

    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.

  • TheStreet.com3 days ago

    Investors May Have a Friend in Pennsylvania Real Estate Investment Trust

    Is this name ready to emerge from its basing pattern? In the daily bar chart of PEI, below, we can see a sideways market roughly bounded by around $9.00 on the lower end and the $12.50 area on the topside. The daily volume pattern does not show anything unique, in my opinion, but the daily On-Balance-Volume (OBV) line shows a low in November and some on again and off again improvement.

  • CNBC4 days ago

    Cramer's take on retail REIT stocks: Their 'remarkable comeback' might not be worth your cash

    The retail resurgence is boosting business at affiliated real estate investment trusts, CNBC's Jim Cramer says. With long-term Treasury yields stalling out and investors flocking to higher-yielding "safety" stocks, real estate investment trusts have "come back into vogue" on Wall Street, CNBC's Jim Cramer said Wednesday. In particular, shares of retail-oriented REITs Simon Property Group SPG , Federal Realty FRT and Pennsylvania Real Estate Investment Trust PEI have been outpacing their peers, benefiting from broader economic concerns as well as a somewhat unexpected resurgence in retail.

  • PR Newswire6 days ago

    PREIT Schedules Second Quarter 2018 Earnings Release and Conference Call

    Management has scheduled a conference call for 11:00 a.m. Eastern Time on Friday, August 3, 2018, to review the Company's results and future outlook.  To listen to the call, please dial 1-866-393-4306 (domestic toll free), or 1-734-385-2616 (international), and request to join the PREIT call, Conference ID 9757686, at least five minutes before the scheduled start time.  Investors can also access the call in a "listen only" mode via the internet at the Company's website, preit.com.  Please allow extra time prior to the call to visit the site and download the necessary software to listen to the Internet broadcast.  Financial and statistical information expected to be discussed on the call will also be available on the Company's website. For best results when listening to the webcast, the Company recommends using Flash Player.

  • ACCESSWIRE9 days ago

    Free Daily Technical Summary Reports on Kimco Realty and Three Other REIT – Retail Stocks

    Stock Research Monitor: KRG, MAC, and PEI LONDON, UK / ACCESSWIRE / July 13, 2018 / If you want a free Stock Review on KIM sign up now at www.wallstequities.com/registration . On Thursday, the NASDAQ Composite ...

  • PREIT wants emerging, 'Uniquely Philly' retailers for Fashion District Philadelphia
    American City Business Journals11 days ago

    PREIT wants emerging, 'Uniquely Philly' retailers for Fashion District Philadelphia

    Pennsylvania Real Estate Investment Trust, which is redeveloping the Gallery, has teamed up with the Enterprise Center on Uniquely Philly, an effort to identify emerging companies to lease space and grow at the retail center.

  • GlobeNewswirelast month

    Report: Developing Opportunities within Axon Enterprise, Old Dominion Freight Line, Pennsylvania Real Estate Investment Trust, America Movil, S.A.B. de C.V, Olin, and CBRE Group — Future Expectations, Projections Moving into 2018

    NEW YORK, June 15, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Axon ...

  • ACCESSWIRElast month

    Kimco Realty and Three Additional REIT – Retail Stocks on Our Research Desk's Radar

    On Monday, June 11, 2018, US markets saw broad based gains with seven out of nine sectors finishing the trading sessions in green. All you have to do is sign up today for this free limited time offer by clicking the link below.

  • PREIT's Flexibility Up on Credit & Term Loan Facility Recast
    Zacks2 months ago

    PREIT's Flexibility Up on Credit & Term Loan Facility Recast

    Recast of $700-million revolving credit and term loan facility by Pennsylvania Real Estate Investment Trust (PEI), better known as PREIT, to result in a well-laddered maturity schedule of the company.

  • PR Newswire2 months ago

    PREIT to Present at REITWeek® 2018: NAREIT's Investor Forum

    PHILADELPHIA, May 30, 2018 /PRNewswire/ -- PREIT (PEI) today announced that Chief Executive Officer Joseph F. Coradino and Executive Vice President and Chief Financial Officer Robert F. McCadden will present at NAREIT's REITWeek® 2018 in New York, New York. PREIT will present from 3:00 pm to 3:30 pm EDT on Wednesday June 6, 2018. A live audio broadcast of PREIT's presentation will be available through the following link https://reitstream.com/reitweek2018/preit   or on the Company's website, preit.com.

  • PR Newswire2 months ago

    PREIT Executes Successful Recast of $700 million Revolving Credit and Term Loan Facility

    PHILADELPHIA, May 29, 2018 /PRNewswire/ -- PREIT (PEI) today announced a milestone achievement in its balance sheet strengthening effort - the execution of a modification and extension of its $400 million unsecured Revolving Credit Facility ("Revolver") and two of its $150 million 5-Year Term Loans ("Term Loan") with terms and conditions substantially the same as its existing loans, now maturing in 2023.  The Company has completed over $1 billion in transactions in the financing market thus far in 2018, highlighting its ability to access the capital markets.  One of the key tactics in PREIT's balance sheet strategy is maintaining a well-laddered maturity schedule, which is complemented by this transaction as the Company now boasts no material debt maturities until 2021.

  • Investor takes nearly 6 percent stake in Springfield Town Center-owner PREIT
    American City Business Journals2 months ago

    Investor takes nearly 6 percent stake in Springfield Town Center-owner PREIT

    The Philadelphia-based real estate investment trust owns regional malls such as the Springfield Town Center and Mall at Prince Georges.

  • PR Newswire2 months ago

    PREIT Highlights Opportunity to Add 5,000 - 7,000 Residential Units and 1,500 - 3,000 Hotel Rooms to its Portfolio of Well-Located Assets

    PHILADELPHIA, May 21, 2018 /PRNewswire/ -- PREIT (PEI) today highlighted value in its high-quality portfolio concentrated in top markets.  This is the next step in the evolution of the Company's strategy to create remarkable and innovative environments, with retail at the core, tailored to the dynamic communities they serve.  Over the past several years, the Company has continued to improve the quality of its portfolio through the disposition of low-productivity malls as well as an active remerchandising, redevelopment and anchor repositioning program.  The result of this effort is a portfolio that boasts 10 of 22 properties in Top 10 MSAs and strong demographic profiles. "The densification of PREIT's assets is a great opportunity to continue to evolve our model, adding value and customers, while enhancing our capital position and diversifying our income stream," said PREIT CEO Joseph F. Coradino.

  • PR Newswire2 months ago

    PREIT Redefines Shopper Experience with Robust Remerchandising and Beautification of DC Powerhouse Asset - MPG

    PHILADELPHIA, May 14, 2018 /PRNewswire/ -- PREIT (PEI) today highlighted the achievement of significant milestones in the broad-based transformation at Mall at Prince Georges (MPG) with the recent grand opening of ULTA Beauty, following swiftly on the heels of the much-anticipated opening of DSW and execution of a lease for the final space in the quick service restaurant lineup, &pizza. ULTA Beauty, the high-performing cosmetics retailer, joins the property as a part of the $30 million investment to reshape the customer experience through a combination of remerchandising efforts and curb appeal enhancements. In an effort to cement MPG's place in the evolving Washington DC metro market, PREIT has attracted sought-after retail and dining venues and enhanced the aesthetics of the highly-trafficked destination.

  • See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.
    Markit2 months ago

    See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.

    Pennsylvania Real Estate Investment Trust NYSE:PEI

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of PEI earnings conference call or presentation 2-May-18 3:00pm GMT

    Q1 2018 Pennsylvania Real Estate Investment Trust Earnings Call

  • Forever 21 to open first Prince George's County store
    American City Business Journals3 months ago

    Forever 21 to open first Prince George's County store

    It will join a bunch of new retailers open, or coming to, the Mall at Prince Georges.

  • PR Newswire3 months ago

    PREIT Executes New Leases with Forever 21 Representing Portfolio Appeal to Quality Retail Brands

    PHILADELPHIA, May 3, 2018 /PRNewswire/ -- PREIT (PEI) today announced a series of transactions with Forever 21 at four of its high-performing properties. The Company has executed leases with the fast-fashion giant at Magnolia Mall in Florence, SC, MPG (Mall at Prince George's) in Hyattsville, MD and Plymouth Meeting Mall in Plymouth Meeting, PA further advancing its remerchandising initiative. With the fast-fashion retail segment continuing to thrive, these transactions highlight the attractiveness of PREIT's portfolio to in-demand retail brands.

  • Associated Press3 months ago

    Pennsylvania Real Estate: 1Q Earnings Snapshot

    PHILADELPHIA (AP) _ Pennsylvania Real Estate Investment Trust (PEI) on Tuesday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations. The real estate investment trust, based in Philadelphia, said it had funds from operations of $22.6 million, or 29 cents per share, in the period.

  • PR Newswire3 months ago

    PREIT Reports First Quarter 2018 Results

    NOI-weighted Sales cross $500 per square foot threshold Leases signed with future opening dates of 664,000 square feet in same store properties Same Store Mall Occupancy up 50 bps Full Year FFO Guidance ...

  • PR Newswire3 months ago

    PREIT Declares Quarterly Dividend for Common and Preferred Shares

    PHILADELPHIA, April 23, 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 June 15, 2018 to common shareholders of record on June 1, 2018. The June 15th dividend payment will be the Company's 165th consecutive distribution since its initial dividend paid in August of 1962. 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.

  • PR Newswire3 months ago

    PREIT Highlights Differentiated Portfolio in Response to Bon-Ton Liquidation

    PHILADELPHIA, April 18, 2018 /PRNewswire/ -- PREIT (PEI) today showcased the results of its portfolio improvement effort in response to Bon-Ton's planned liquidation, differentiating the REIT from its mall peers. PREIT's proactive anchor replacement program has been a critical differentiator for its portfolio, minimizing the Company's exposure to challenged department stores with only two Bon-Ton stores that will be impacted by this announcement.  PREIT has a proven ability to replace department stores and has retailer interest on the two Bon-Ton boxes.

  • See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.
    Markit3 months ago

    See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.

    Pennsylvania Real Estate Investment Trust NYSE:PEI

  • Cramer's take on retail REIT stocks: Their 'remarkable co...
    CNBC Videos4 days ago

    Cramer's take on retail REIT stocks: Their 'remarkable co...

    Jim Cramer says the retail resurgence is boosting business at affiliated real estate investment trusts, but says he's not enthusiastic about REIT stocks just yet.