8.94 0.00 (0.00%)
After hours: 5:14PM EDT
|Bid||0.00 x 800|
|Ask||10.36 x 3100|
|Day's Range||8.82 - 9.18|
|52 Week Range||8.82 - 12.52|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.84 (9.48%)|
|1y Target Est||10.32|
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.
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.
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'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.
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 ...
NEW YORK, Sept. 27, 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 ...
Pennsylvania Real Estate Investment's (PEI) latest tenant lineup at the company flagship destination -- Cherry Hill Mall -- complements its targeted merchandising strategies and differential tenant mix.
PHILADELPHIA, Sept. 18, 2018 /PRNewswire/ -- PREIT (PEI) today unveiled a lineup of new tenants for Cherry Hill Mall, a premier fashion and dining destination in the Philadelphia region, continuing to stay ahead of consumer expectations and further expanding the tenant mix. New to PREIT's portfolio, affordable Canadian fast-fashion destination Ardene will debut as the brand's only store in the region. The 11,000 square foot store will meet the growing demand for this retail segment and will open later this year.
In its latest efforts to sail through retail market blues, PREIT (PEI) commences construction at the premium Woodland Mall. Also, new-to-portfolio retailers will likely boost mall traffic and sales.
PHILADELPHIA, Aug. 20, 2018 /PRNewswire/ -- PREIT (PEI) today unveiled a series of milestones in the high-impact redevelopment of Woodland Mall, further strengthening the already dominant asset in the Grand Rapids, MI market and redefining the shopping experience for consumers. Construction has commenced on first-to-portfolio retailer Von Maur, which will occupy 90,000 square feet in the former Sears footprint. This location will be the high-end department store's first in the region, with an anticipated October 2019 opening, and will join a series of other new-to-portfolio and new-to-market retailers at the mall.
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.
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 ...