|Bid||10.4800 x 1300|
|Ask||10.4900 x 800|
|Day's Range||10.3550 - 10.5300|
|52 Week Range||8.8600 - 12.5200|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.84 (8.31%)|
|1y Target Est||10.54|
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.
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
Though it came at a price — $100 million more than expected — the redevelopment team of the former Gallery believe they are creating a marquee project that will be a destination in Philadelphia.
PHILADELPHIA, Aug. 8, 2018 /PRNewswire/ -- PREIT (PEI) today announced the next phase of Plymouth Meeting Mall's transformation with the redevelopment of the property's Macy's store. Long before the term "retailtainment" was coined, PREIT was ahead of industry trends in transforming its properties from pure retail to full-scale lifestyle destinations, as evidenced by the evolution of Plymouth Meeting Mall. Its foresight into evolving consumer preferences and the need for differentiated retail offerings included the addition of Dave and Buster's in 2009, nearly a decade prior to the entertainment explosion at malls, and Whole Foods in 2010, one of the first grocery stores on a mall property.
PHILADELPHIA, Aug. 6, 2018 /PRNewswire/ -- PREIT (PEI) today announced the addition of Studio Movie Grill at Willow Grove Park, replacing the former JC Penney, further diversifying and enhancing the mall's tenant roster with an exciting experiential tenant. Slated to open in 2019, Studio Movie Grill represents the latest accomplishment in PREIT's comprehensive and strategic anchor repositioning program – marking 11 announced department store replacements solidified since the beginning of 2017.
Pennsylvania Real Estate (PEI) delivered earnings and revenue surprises of 14.71% and -7.43%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / Pennsylvania Real Estate Investment Trust (NYSE: PEI ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 3, 2018 at 11:00 ...
The Philadelphia-based real estate investment trust said it had funds from operations of $30.3 million, or 39 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment ...
Executed Non-Anchor Leases add 230 bps to Occupancy Sales PSF at Top 5 Properties Exceed $600 $700 Million Credit Facility Recast Complete Average Renewal Spreads were 7.5% in Wholly Owned Portfolio PHILADELPHIA ...
Macerich and Pennsylvania Real Estate Investment Trust, the companies redeveloping the Center City property, now say that the opening is set for November 2019 but progress is being made.
PHILADELPHIA, Aug. 1, 2018 /PRNewswire/ -- Fashion District Philadelphia, a joint venture partnership between Macerich and PREIT, today unveils a series of impactful project milestones, including dynamic tenants and community programming reflective of the vision and significant nature of this project's impact and reach in Philadelphia. With over 650,000 square feet of space, or more than 80%, leased or in active negotiations, the new additions create a vibrant destination for shopping, dining, socializing and playing, cementing the next generation of consumer experiences. As the retail landscape evolves to further integrate lifestyle and dining concepts, the project has advanced its tenancy to reflect the brand pillars in four key areas in one operating platform: Style, Dining, Entertainment, and Arts & Culture.
Coworking operator 1776 is adding to its network of locations and will expand to the Cherry Hill Mall. It will occupy 11,000 square feet in the 1.3-million-square-foot retail center, which is owned by Pennsylvania Real Estate Investment Trust (NYSE: PEI). The mall operator established Bespoke in 2015 in 37,000 square feet at its Westfield San Francisco Centre.
PHILADELPHIA, July 24, 2018 /PRNewswire/ -- PREIT (PEI) today announced a new partnership with 1776 at Cherry Hill Mall to drive innovation among the local retail community. 1776 has created the largest network of incubators that cultivates and empowers companies and startup ecosystems in the Northeast Corridor. As developers get more innovative with the use of space and the concept of a workplace evolves, this is a new-to-portfolio concept for PREIT and the first mall location for 1776.
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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