PEI - Pennsylvania Real Estate Investment Trust

NYSE - NYSE Delayed Price. Currency in USD
7.66
-0.09 (-1.16%)
At close: 4:02PM EST
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Previous Close7.75
Open7.68
Bid7.50 x 3200
Ask8.96 x 3000
Day's Range7.63 - 7.82
52 Week Range7.62 - 12.52
Volume610,284
Avg. Volume933,537
Market Cap603.132M
Beta (3Y Monthly)1.22
PE Ratio (TTM)N/A
EPS (TTM)-0.84
Earnings DateApr 23, 2018 - Apr 27, 2018
Forward Dividend & Yield0.84 (10.84%)
Ex-Dividend Date2018-11-30
1y Target Est9.25
Trade prices are not sourced from all markets
  • See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.
    Markit9 days ago

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

    To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.
    Markit11 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

  • New HQs for 2 real estate firms, sources say
    American City Business Journals12 days ago

    New HQs for 2 real estate firms, sources say

    Two Philadelphia-area real estate companies are on the cusp of leaving their long-time headquarters for new office spaces. Toll Brothers Inc., which has been based at 250 Gibraltar Road in Horsham since late 2004, is nearing a lease deal at 1100 Virginia Drive in Fort Washington, according to multiple sources. The company would lease around 160,000 square feet.

  • PR Newswire18 days ago

    PREIT Reports Significant Increase in Traffic at Repositioned Properties over Thanksgiving Weekend

    PHILADELPHIA, Nov. 29, 2018 /PRNewswire/ -- PREIT (PEI) today announces strong results to kick off the holiday shopping season, reporting a significant increase in traffic throughout the four-day Thanksgiving weekend (Thursday through Sunday) at properties with recent anchor redevelopment or remerchandising initiatives, in comparison to 2017. Traffic at the mall grew 11 percent, one of the largest increases across the portfolio.  PREIT proactively recaptured and replaced the former Sears store with DICK's Sporting Goods, Field & Stream, and HomeGoods – all of which opened in September 2017. This year's holiday weekend results underscore the overwhelming success of these efforts and the reimagined mall overall.

  • How is PREIT Placed Amid Transforming Landscape of Malls?
    Zacks20 days ago

    How is PREIT Placed Amid Transforming Landscape of Malls?

    Pennsylvania Real Estate Investment Trust (PEI), better known as PREIT, has resorted to a portfolio rejig, investing heavily in refurbishments and remerchandising to increase property value.

  • See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.
    Markit27 days ago

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

    To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • PR Newswirelast month

    PREIT Completes Sale of Land Parcel at Exton Square Representing Meaningful Step in Multifamily Densification Strategy

    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.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of PEI earnings conference call or presentation 31-Oct-18 3:00pm GMT

    Q3 2018 Pennsylvania Real Estate Investment Trust Earnings Call

  • This 9%-Yield REIT Looks Like a Great Buy After Earnings
    Motley Foollast month

    This 9%-Yield REIT Looks Like a Great Buy After Earnings

    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.

  • GlobeNewswirelast month

    New Research Coverage Highlights Landstar System, CMS Energy, MoSys, Pennsylvania Real Estate Investment Trust, Procter & Gamble, and Merck & Co. — Consolidated Revenues, Company Growth, and Expectations for 2018

    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,.

  • PREIT Completes Anchor Repositioning at Plymouth Meeting Mall and Highlights Success of Portfolio-Wide Program
    PR Newswire2 months ago

    PREIT Completes Anchor Repositioning at Plymouth Meeting Mall and Highlights Success of Portfolio-Wide Program

    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) Q3 FFO and Revenues Miss Estimates
    Zacks2 months ago

    Pennsylvania Real Estate (PEI) Q3 FFO and Revenues Miss Estimates

    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?

  • Associated Press2 months ago

    Pennsylvania Real Estate: 3Q Earnings Snapshot

    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 ...

  • PR Newswire2 months ago

    PREIT Reports Third Quarter 2018 Results

    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 ...

  • How 1 High-Yield REIT Saved Itself From Sears
    Motley Fool2 months ago

    How 1 High-Yield REIT Saved Itself From Sears

    Pennsylvania Real Estate Investment Trust has been working for years to reduce its dependence on Sears as an anchor tenant.

  • PR Newswire2 months ago

    PREIT Declares Quarterly Dividend for Common and Preferred Shares

    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.

  • PR Newswire2 months ago

    PREIT Elevates Shopper Experience at Capital City Mall with New Tenants

    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.

  • Sears is just one in a long list of retailers to close stores in region
    American City Business Journals2 months ago

    Sears is just one in a long list of retailers to close stores in 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.

  • PR Newswire2 months ago

    PREIT Continues Rejuvenation of Valley Mall with the Opening of New-to-Region Fashion Department Store Belk

    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.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of PEI earnings conference call or presentation 15-Feb-18 4:00pm GMT

    Q4 2017 Pennsylvania Real Estate Investment Trust Earnings Call

  • Sears prepares to file for bankruptcy in coming days - sources
    Reuters2 months ago

    Sears prepares to file for bankruptcy in coming days - sources

    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.

  • PR Newswire2 months ago

    PREIT Schedules Third Quarter 2018 Earnings Release and Conference Call

    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.

  • PREIT Highlights Foresight in Anchor Repositioning Strategy in Response to Potential Sears Bankruptcy Filing
    PR Newswire2 months ago

    PREIT Highlights Foresight in Anchor Repositioning Strategy in Response to Potential Sears Bankruptcy Filing

    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 Executes Flexible Leases to Love Culture at 4 Malls
    Zacks2 months ago

    PREIT Executes Flexible Leases to Love Culture at 4 Malls

    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.

  • PR Newswire2 months ago

    PREIT Executes New Leases with New-to-Portfolio Tenant Love Culture

    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 ...