PEI - Pennsylvania Real Estate Investment Trust

NYSE - NYSE Delayed Price. Currency in USD
10.09
-0.02 (-0.20%)
At close: 4:02PM EDT
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Previous Close10.11
Open10.13
Bid0.00 x 1000
Ask19.99 x 1000
Day's Range9.95 - 10.15
52 Week Range8.86 - 13.02
Volume956,965
Avg. Volume1,160,361
Market Cap793.343M
Beta1.43
PE Ratio (TTM)N/A
EPS (TTM)-0.89
Earnings DateApr 23, 2018 - Apr 27, 2018
Forward Dividend & Yield0.84 (8.86%)
Ex-Dividend Date2018-05-31
1y Target Est10.50
Trade prices are not sourced from all markets
  • Investor takes nearly 6 percent stake in Springfield Town Center-owner PREIT
    American City Business Journals2 days 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 days 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.

  • Forbes5 days ago

    8 REITs Yielding 8% Plus

    It’s important to survey the current economic environment, including record employment, a fresh Fed chair, new tax rates and rules, and a not-recently-seen, 10-year Treasury yield of 3%.

  • PR Newswire9 days 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.
    Markit14 days 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 StreetEvents16 days 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 Journals20 days 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 Newswire20 days 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 Press21 days 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 Newswire22 days 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 Newswirelast month

    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 Newswirelast month

    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.
    Markitlast month

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

    Pennsylvania Real Estate Investment Trust NYSE:PEI

  • CNBClast month

    Cramer's lightning round: I think FMC is bottoming and ready to come back

    Jim Cramer rattles off his take on callers' favorite stocks, including a potentially bottoming chemical manufacturer.

  • Cramer's lightning round: I think FMC is bottoming and ready to come back
    CNBClast month

    Cramer's lightning round: I think FMC is bottoming and ready to come back

    Jim Cramer rattles off his take on callers' favorite stocks, including a potentially bottoming chemical manufacturer.

  • PR Newswirelast month

    PREIT Schedules First Quarter 2018 Earnings Release and Conference Call

    May 2, 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 3581648, 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. PREIT (PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets.

  • PR Newswire2 months ago

    PREIT Creates New Magnolia Mall Shopping Experience With Completion of Proactive Anchor Recapture

    PHILADELPHIA, April 4, 2018 /PRNewswire/ -- PREIT (PEI) today announced the upcoming openings of an 8,500-square foot Five Below on Friday April 6, 2018 and a 20,000-square foot HomeGoods in May at Magnolia Mall in Florence, SC. The former department store space will be fully occupied and completely transformed with the opening of HomeGoods next month. Five Below –  a retailer catering to teens, pre-teens and their parents that sells items priced $5 or less – and HomeGoods – an off-price home furnishings and accessories retailer – are both first-to-region retailers and leaders in the value category.

  • InvestorPlace2 months ago

    The GGP Deal Could Be Huge for Brookfield Property Partners LP Stock

    Brookfield Property Partners L.P. (NYSE:BPY), the real estate arm of Brookfield Asset Management Inc (NYSE:BAM) in Toronto, got a steal this week in buying the rest of GGP Inc (NYSE:GGP), the second-largest shopping mall operator in the U.S. This could be a big mover for Brookfield stock. The price, either $23.50 in cash or a unit of Brookfield stock , which opened for trade March 29 at $19.85 per share and already owns one-third of GGP, had to be a steal, or else law firms wouldn’t be complaining so loudly. At least one analyst firm raised Brookfield stock to a buy after the bid was accepted.

  • Brookfield's GGP Bid Casts Shadow on Retail: 3 Stocks to Dump
    Zacks2 months ago

    Brookfield's GGP Bid Casts Shadow on Retail: 3 Stocks to Dump

    Brookfield's offer to acquire GGP at a high cap-rate will likely have a chain effect on peer retail REITs and lead to southward pricing of the entire sector, which is already facing seismic changes.

  • PR Newswire2 months ago

    PREIT Announces Ron Rubin Will Step Down From PREIT Board of Trustees

    PHILADELPHIA , March 28, 2018 /PRNewswire/ -- PREIT (NYSE: PEI) announced that Ron Rubin has decided not to stand for re-election at the Company's Annual Meeting of Shareholders on May 31 , 2018.  Reflecting ...

  • Rubin to step down from PREIT's board
    American City Business Journals2 months ago

    Rubin to step down from PREIT's board

    Ron Rubin has been closely associated with PREIT for three decades and has been a prominent business leader in Philadelphia for even longer.

  • Cramer's lightning round: I think FMC is bottoming and re...
    CNBC Videoslast month

    Cramer's lightning round: I think FMC is bottoming and re...

    Jim Cramer rattles off his take on callers' favorite stocks, including a potentially bottoming chemical manufacturer.

  • Cramer's Exec Cut: Under-the-radar retail players use a c...
    CNBC Videos2 months ago

    Cramer's Exec Cut: Under-the-radar retail players use a c...

    Jim Cramer sits down with CEOs from Ollie's Bargain Outlet, PREIT and At Home to hear how companies are maneuvering the turbulence in retail.

  • Selling 40% of portfolio, PREIT CEO says diversified shop...
    CNBC Videos2 months ago

    Selling 40% of portfolio, PREIT CEO says diversified shop...

    Jim Cramer sits down with Pennsylvania Real Estate Investment Trust Chairman and CEO Joseph Coradino to get the latest on shopping trends.

  • Cramer Remix: If the jobs report is strong, it may mean i...
    CNBC Videos2 months ago

    Cramer Remix: If the jobs report is strong, it may mean i...

    Jim Cramer reveals why a strong jobs number could be good news for some domestic players.