|Bid||5.82 x 3200|
|Ask||5.96 x 4000|
|Day's Range||5.75 - 6.08|
|52 Week Range||5.46 - 11.05|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||0.84 (14.24%)|
|1y Target Est||5.83|
While Kimco Realty (KIM) will gain from portfolio-revamp moves amid strength in job market and still resilient consumer sentiment in Q2, store closures and dispositions' dilutive impact are concerns.
PREIT touts no unleased department stores in its core portfolio PHILADELPHIA , July 22, 2019 /PRNewswire/ -- PREIT (NYSE: PEI) today reiterated its successful track record of replacing department stores ...
The Miller’s Ale House chain of restaurants will join the growing list of new tenants at the Mall at Prince Georges in Hyattsville. The Prince George’s Planning Board will consider a detailed site plan for a proposed 8,285-square-foot, single-story building to be constructed on a pad site within the Pennsylvania Real Estate Investment Trust-owned mall’s 51-acre campus. Miller’s Ale House operates 88 restaurants/sports bars across 13 states, including locations in Sterling and Rockville.
July 31, 2019, 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 8567807, 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 is on track to complete its current redevelopment pipeline over the next year or so, which will lead to improved financial results.
PHILADELPHIA, June 19, 2019 /PRNewswire/ -- PREIT (PEI) today announced Burlington as the lead replacement for Sears at Dartmouth Mall in North Dartmouth, MA following the Company's proactive recapture of the store. PREIT is in discussions with other large format retailers to complement Burlington. This strategic remerchandising is another key milestone in PREIT's anchor repositioning efforts to elevate its portfolio with differentiated and high-quality concepts that will increase traffic and sales.
Pennsylvania Real Estate Investment Trust NYSE:PEIView full report here! Summary * Bearish sentiment is high * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NegativeShort interest is extremely high for PEI with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting PEI. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold PEI had net inflows of $634 million over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. 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.
PHILADELPHIA, June 3, 2019 /PRNewswire/ -- PREIT (PEI) reports that the remerchandising of its portfolio continues to yield results and mitigates the impact of store closings. April comparable store sales were up to $525 per square foot in PREIT's core mall portfolio with three properties now topping $600 per square foot and Willow Grove Park exceeding $750 per square foot. In the face of announced store closings, the Company reports that the recently announced liquidation of the dressbarn chain does not impact the Company's core mall portfolio. Highlighting the appeal of its portfolio, at the recent industry deal-making convention- ICSC RECon - PREIT hosted over 100 meetings with potential new-to-portfolio brands, a key measure of success for the Company.
In the news release, PREIT to Present at REITWeek® 2019: NAREIT's Investor Forum, issued 28-May-2019 by PREIT over PR Newswire, we are advised by the company that the second paragraph, first sentence, should read "2:15 pm to 2:45 pm EDT" rather than "2:00 pm to 2:30 pm EDT" as originally issued inadvertently. PHILADELPHIA, May 28, 2019 /PRNewswire/ -- PREIT (PEI) today announced that Chief Executive Officer Joseph F. Coradino and Executive Vice President and Chief Financial Officer Robert F. McCadden will present at NAREIT's REITWeek® 2019 in New York, New York.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
This beaten-down mall REIT is proving that it can survive -- and even thrive -- despite the wave of bankruptcies sweeping through the retail sector.
Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of 4.00% and -2.50%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Philadelphia-based real estate investment trust said it had funds from operations of $20.7 million, or 26 cents per share, in the period. The average estimate of five analysts surveyed by Zacks Investment ...
Core Mall Sales Per Square Foot reached record high of $517 Completed $43 million in asset sales and improved liquidity position by over $70 million Core Mall Occupancy increased 100 bps to 94.7% Full ...
PHILADELPHIA, April 29, 2019 /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 17, 2019 to common shareholders of record on June 3, 2019. 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.
Investors are treating PREIT like it's about to be devastated by the retail apocalypse, but its efforts to drive more traffic to its malls are already bearing fruit.
PHILADELPHIA, April 16, 2019 /PRNewswire/ -- Fashion District Philadelphia, a joint venture partnership between PREIT and Macerich, today announced four inaugural tenants for Uniquely Philly – a curated collection of local small businesses with authentic Philadelphia offerings. The local businesses will have an opportunity to establish and grow their brands in a highly trafficked shopping destination in the heart of Philadelphia.
Pennsylvania Real Estate Investment Trust has signed four local tenants to a special space it calls "Uniquely Philly" at Fashion District Philadelphia, which is scheduled to open this Septemeber. The 4,647-square-foot space will house a collection of local retailers and other businesses that make products germane to Philadelphia and will have a bigger platform at Fashion District Philadelphia to showcase and sell their items. The Philadelphia organization was formed three decades ago by the Wharton Small Business Development Center and gives minority entrepreneurs access to capital, business education and economic development opportunities.
Issued Just Weeks Ahead of 1Q Earnings Reports for U.S. Shopping Mall REITs, In-Depth Report Shows Volatile Activity Since 'Retail Apocalypse' New Performance Update Uses Unique 'Thasos Trade Area' Tool ...
PREIT (PEI) adds Yard House at Willow Grove Park to its fold of dining offerings as part of the company's latest endeavor to counter retail market blues and strengthen portfolio.
PHILADELPHIA, April 11, 2019 /PRNewswire/ -- PREIT (PEI) today announced the addition of Yard House at Willow Grove Park, enhancing the mall's tenant roster with a sought after dining experience. Slated to open this winter, Yard House will join Studio Movie Grill as Willow Grove Park aims to "win the weekend" with consumers who can enjoy a high quality shopping and social experience in one place. PREIT's most productive property on a sales per square foot basis, exceeding $700, Willow Grove Park already boasts a impressive lineup of tenants including Bloomingdales, Apple, Michael Kors, Sephora, Vans, The Cheesecake Factory and Primark, among others.