8.75 -0.01 (-0.11%)
After hours: 4:02PM EST
|Bid||8.72 x 900|
|Ask||0.00 x 4000|
|Day's Range||8.75 - 9.18|
|52 Week Range||8.57 - 12.52|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.84 (9.23%)|
|1y Target Est||9.93|
PHILADELPHIA, Nov. 12, 2018 /PRNewswire/ -- PREIT (PEI) completed the sale of a 4-acre parcel at Exton Square to Hanover Company, generating gross proceeds of $10.3 million. The sale will give rise to over 300-unit luxury apartments on the site of Exton Square Mall, where a new Whole Foods opened earlier this year as a preliminary step in reimagining this property. This transaction marks a critical step in PREIT's high-priority densification program, designed to transform its properties into remarkable and innovative environments, with retail at the core. In May, the Company announced that its portfolio comprised of well-located properties in high barrier-to-entry markets pave the way for the opportunity to revolutionize PREIT's platform through densification opportunities inclusive of 5,000 – 7,000 residential units in the Philadelphia and Washington DC markets and 1,500-3,000 hotel units across a dozen properties. Toward this end, the Company is in active discussions on three additional multifamily opportunities and three hotel opportunities.
PREIT stock retreated after its recent earnings report, driving its yield up to more than 9%. Yet the stock is poised to deliver big gains for investors over the next few years.
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Retail and dining concepts complement Burlington, DICK's Sporting Goods and Edge Fitness in replacing the former Macy's box Highlights PREIT's prowess in bringing new and diverse uses to the mall through ...
Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -2.78% and -3.70%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The real estate investment trust, based in Philadelphia, said it had funds from operations of $27 million, or 35 cents per share, in the period. The average estimate of four analysts surveyed by Zacks ...
Opened four tenants in three former department stores Core mall total leased space reached 95.2%, up 90 basis points sequentially Non-anchor new leasing activity more than doubled over Q3 2017 volume NOI-weighted ...
PHILADELPHIA, Oct. 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 December 17, 2018 to common shareholders of record on December 3, 2018. The December 17th dividend payment will be the Company's 167th 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, Oct. 22, 2018 /PRNewswire/ -- PREIT (PEI) today announced a series of remerchandising achievements at Capital City Mall to further redefine the mall experience and cement the property's dominance in the region. Located just eight miles from downtown Harrisburg, Capital City Mall is the dominant shopping center in Pennsylvania's state capitol. Expanding the mall's dining and entertainment offerings, Dave & Buster's opens its much-anticipated 28,000 square foot location in the region today, bringing arcade games and American food in a sports-bar-style setting in its only location in the region.
Landlords have been dealing with multiple chains and department stores closing over the last five years or so. At one point, Pennsylvania Real Estate Investment Trust had 27 Sears in its mall portfolio.
PHILADELPHIA, Oct. 17, 2018 /PRNewswire/ -- PREIT (PEI) today announces the grand opening of Belk as part of the new updates in the transformation of Valley Mall in Hagerstown, MD – one of the Company's key suburban Washington DC assets. This new-to-region fashion department store underscores the Company's proactive diversification of its anchor store composition and its commitment to adding value at the high-quality assets across its portfolio. Belk, a private department store company, will occupy 123,000 square feet in the former Bon-Ton space.
The bankruptcy filing would end a standoff between Chief Executive Officer Eddie Lampert, the retailer's biggest shareholder and lender, and a special board committee the company has formed to consider a rescue plan proposed by Lampert that would involve asset sales and a debt restructuring. The committee has been resisting the plan amid concerns that creditors and shareholders would sue over it being too favourable for Lampert.
Management has scheduled a conference call for 11:00 a.m. Eastern Time on Wednesday, October 31, 2018, to review the Company's results and future outlook. To listen to the call, please dial 1-844-885-9139 (domestic toll free), or 1-647-689-4441 (international), and request to join the PREIT call, Conference ID 4196618, 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.
Sears exposure reduced by 85% in five years Aggressive and strategic remerchandising transforms properties into vibrant destinations for shopping, socializing, fun and community PHILADELPHIA , Oct. 10, ...
PREIT's (PEI) execution of flexible leases with fashion retailer Love Culture at four of its properties is aimed at improving merchandise differentiation and sail through retail market blues.
Fashion retailer set to open at four properties, further diversifying their mix of offerings and bringing new, in-demand concepts to PREIT's portfolio PHILADELPHIA , Oct. 2, 2018 /PRNewswire/ -- PREIT ...
NEW YORK, Sept. 27, 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 ...
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.