|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.68 - 10.90|
|52 Week Range||8.86 - 13.02|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.84 (7.39%)|
|1y Target Est||10.68|
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.
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.
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.
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.
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 ...
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.
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 ...
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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.
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.
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.
The Philadelphia-based real estate investment trust owns regional malls such as the Springfield Town Center and Mall at Prince Georges.
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.
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.
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.
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.
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 ...
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.
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.
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.