|Bid||1.0100 x 4000|
|Ask||0.0000 x 36100|
|Day's Range||1.0400 - 1.0900|
|52 Week Range||0.8000 - 6.4100|
|Beta (5Y Monthly)||2.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 10, 2020|
|Forward Dividend & Yield||0.65 (61.32%)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||0.90|
Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2020 after market trading closes on Monday, August 10, 2020. As previously announced, and due to COVID-19, the Company has withdrawn its full-year 2020 guidance issued on February 25, 2020. The Company is not providing updated guidance in conjunction with its second quarter 2020 earnings results.
PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, reported that its entire portfolio is operational and provided an update on other Company initiatives.
Today, PREIT enthusiastically celebrates its suburban shopping mall reopening timeline and highlights meaningful results in its opened portfolio. In the path toward restoring full operations, PREIT has prioritized creating a safe environment for its customers. In addition to adhering to government and CDC operating standards, PREIT makes complimentary masks available for all customers upon entering. PREIT is particularly pleased that upon reopening, their properties will provide employment for over 30,000 employees while contributing over $60,000,000 annually of real estate tax revenue in their communities in addition to millions of dollars in sales tax revenue. As a key economic engine these funds will support critical municipal services, schools and communities.