PEI - Pennsylvania Real Estate Investment Trust

NYSE - NYSE Delayed Price. Currency in USD
5.31
-0.09 (-1.67%)
At close: 4:02PM EDT
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Previous Close5.40
Open5.41
Bid0.00 x 2200
Ask6.50 x 3200
Day's Range5.22 - 5.45
52 Week Range4.34 - 9.88
Volume1,871,585
Avg. Volume1,745,517
Market Cap411.786M
Beta (3Y Monthly)1.15
PE Ratio (TTM)N/A
EPS (TTM)-1.78
Earnings DateOct 28, 2019 - Nov 1, 2019
Forward Dividend & Yield0.84 (14.09%)
Ex-Dividend Date2019-08-30
1y Target Est5.50
Trade prices are not sourced from all markets
  • PREIT CFO terminated
    American City Business Journals

    PREIT CFO terminated

    Pennsylvania Real Estate Investment Trust’s chief financial officer’s employment has been terminated without cause effective Dec. 31, according to a Securities and Exchange Commission filing made by the Philadelphia company.

  • PR Newswire

    PREIT Announces Chief Financial Officer Transition

    PHILADELPHIA, Sept. 16, 2019 /PRNewswire/ -- PREIT (PEI) ("Company") today announced its intention to promote Mario C. Ventresca, Jr., Executive Vice President – Operations, to Executive Vice President and Chief Financial Officer.  He will replace current Executive Vice President and Chief Financial Officer Bob McCadden who will leave the Company effective December 31, 2019.  Mr. McCadden will transition his current responsibilities to Mr. Ventresca over the balance of the year.

  • City Winery readies for its Fashion District debut
    American City Business Journals

    City Winery readies for its Fashion District debut

    Michael Dorf, founder of City Winery, talks about designing the venue and what generates 25 percent of its revenues.

  • American City Business Journals

    $30M renovation of Mall at Prince George's pays off in traffic, sales

    The recent renovation and re-tenanting of the Mall at Prince George’s has paid off for mall owner Pennsylvania Real Estate Investment Trust, with sales increasing 23% to $557 per square foot in the past year, PREIT said in early September.  That brings the Mall at Prince George’s sales total above that of PREIT’s other local mall, Springfield Town Center, for the first time. Springfield’s third quarter sales per square foot averaged $555.)  The company has seen other encouraging signs of life at the mall: traffic is up 20% for the 12 months ending July 31, compared with the previous 12 months. Occupancy has also held steady at or above 98% and is currently at 98.7%, according to PREIT (NYSE: PREIT) spokeswoman Heather Crowell.  The uptick in sales and traffic came after PREIT spent approximately $30 million to renovate the mall in 2018.

  • This REIT Stock Is Struggling, but Its Top 2 Malls Are Thriving
    Motley Fool

    This REIT Stock Is Struggling, but Its Top 2 Malls Are Thriving

    The company has invested heavily in its best malls -- and those investments are paying off.

  • PREIT Quantifies Success of Remerchandising Effort with Mall at Prince George's Review
    PR Newswire

    PREIT Quantifies Success of Remerchandising Effort with Mall at Prince George's Review

    PHILADELPHIA, Sept. 4, 2019 /PRNewswire/ -- PREIT (PEI) Following a multi-year remerchandising effort, PREIT's Mall at Prince George's ("MPG") emerges as a marker of success in the Company's redevelopment efforts. With strong demographics and high demand for retail, the renovations will ultimately further differentiate MPG in the market and solidify its position as a vibrant retail and dining destination in the region. Over a dozen new tenants joined the roster including H&M, Ulta, DSW, Express Factory Outlet, Five Below, Flight 23, Grand Jewelers featuring Alex and Ani and Pandora, White Barn Candle and Pink by Victoria's Secret along with several new dining options: Chipotle, Five Guys, Mezeh Mediterranean Grill and &Pizza.

  • How Mall Operator Pennsylvania REIT Has Weathered the Retail Apocalypse
    Motley Fool

    How Mall Operator Pennsylvania REIT Has Weathered the Retail Apocalypse

    PREIT has had significant exposure to struggling retailers and has had to make strategic changes.

  • Second Acts: It's showtime for PREIT and Fashion District Philadelphia
    American City Business Journals

    Second Acts: It's showtime for PREIT and Fashion District Philadelphia

    Next month, the Gallery will be reborn as Fashion District Philadelphia. Pennsylvania Real Estate Investment Trust believes it will be transformative for the company and Philadelphia.

  • Thomson Reuters StreetEvents

    Edited Transcript of PEI earnings conference call or presentation 31-Jul-19 3:00pm GMT

    Q2 2019 Pennsylvania Real Estate Investment Trust Earnings Call

  • PR Newswire

    PREIT Expands Fitness Options in its Portfolio with Addition of Planet Fitness at Moorestown Mall

    PHILADELPHIA, Aug. 21, 2019 /PRNewswire/ -- As PREIT (PEI) furthers its strategic approach in bolstering health and wellness segments at its properties, the company today announced the addition of Planet Fitness at the Moorestown Mall. Slated to open in Spring 2020, Planet Fitness, occupying more than 23,000 square feet, will represent another key addition to the PREIT roster – which now has increased the square footage dedicated to health and wellness tenancy by five times since 2012. Planet Fitness is a full-service, high-quality fitness experience for all gym-goers.

  • PR Newswire

    PREIT Spotlights Near-Term Activity Driving Future Growth and Portfolio Strength

    Noteworthy tenants joining the roster include H&M, Nike, Forever 21, AMC Theaters, Round One, City Winery, Ulta, Columbia Sportswear, Wonderspaces, American Eagle, Express Factory, Journeys, Skechers and Guess Factory along with local incubator spaces – REC Philly and Uniquely Philly, which features four distinct local, small businesses.

  • Tough Times Continue for These 2 Mall REITs
    Motley Fool

    Tough Times Continue for These 2 Mall REITs

    Funds from operations plunged again at Washington Prime and PREIT last quarter, but one of the two REITs has a much better chance of bouncing back next year.

  • Pennsylvania Real Estate Investment Trust (PEI) Q2 2019 Earnings Call Transcript
    Motley Fool

    Pennsylvania Real Estate Investment Trust (PEI) Q2 2019 Earnings Call Transcript

    PEI earnings call for the period ending June 30, 2019.

  • Here's Why PREIT Is Dropping on Wednesday
    Motley Fool

    Here's Why PREIT Is Dropping on Wednesday

    The retail REIT gave investors some disappointing numbers.

  • Pennsylvania Real Estate (PEI) Q2 FFO and Revenues Miss Estimates
    Zacks

    Pennsylvania Real Estate (PEI) Q2 FFO and Revenues Miss Estimates

    Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -18.52% and -5.76%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    PREIT Reports Second Quarter 2019 Results and Updates Full Year Expectations

    Fashion District Philadelphia Set to Open in 51 Days Comparable Store Sales per Square Foot Grew 5.7% to $531 Core Mall Total Occupancy Stable at 93.7% Average Renewal Spreads registered 6.1% for the Quarter ...

  • PR Newswire

    Interactive First-to-Market Experience Wonderspaces to Join Fashion District

    PHILADELPHIA, July 30, 2019 /PRNewswire/ -- Fashion District Philadelphia, ("The District") a joint venture partnership between PREIT and Macerich, announces that Wonderspaces, a unique and new-to-region immersive art experience, along with two dozen new tenants will join the dynamic tenant roster as the project launches in September. Wonderspaces reinforces the property's diverse blend of entertainment and art, and will complement the project's dynamic tenant mix and community programming across style, dining, entertainment, and arts & culture uses. Wonderspaces partners with artists from around the world to present art shows that everyone can enjoy as a place to connect with friends and family.  After receiving over two hundred fifty thousand visitors in its previous shows in San Diego and Scottsdale, Wonderspaces will open its first Philadelphia show, Point of View, in December 2019.

  • What's in the Cards for Macerich (MAC) This Earnings Season?
    Zacks

    What's in the Cards for Macerich (MAC) This Earnings Season?

    Despite Macerich's (MAC) efforts to enhance its asset quality for attention from new and productive tenants, its Q2 results will likely be affected by store closures and retailer bankruptcies.

  • What's in the Offing for Tanger (SKT) This Earnings Season?
    Zacks

    What's in the Offing for Tanger (SKT) This Earnings Season?

    Despite Tanger Factory Outlet's (SKT) focus on improving portfolio and tenant mix, its Q2 results will likely be affected by the turbulent retail real estate environment, including store closures.

  • PR Newswire

    PREIT Declares Quarterly Dividend for Common and Preferred Shares

    PHILADELPHIA, July 25, 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 September 17, 2019 to common shareholders of record on September 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.

  • What's in the Offing for Kimco (KIM) This Earnings Season?
    Zacks

    What's in the Offing for Kimco (KIM) This Earnings Season?

    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.

  • PR Newswire

    PREIT Highlights Department Store Replacement Success

    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 ...

  • Prepare to chow down and drink up. Miller's Ale House is coming to the Mall at Prince Georges.
    American City Business Journals

    Prepare to chow down and drink up. Miller's Ale House is coming to the Mall at Prince Georges.

    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.

  • PR Newswire

    PREIT Schedules Second Quarter 2019 Earnings Release and Conference Call

    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.

  • Why I Just Doubled Down on This REIT Stock
    Motley Fool

    Why I Just Doubled Down on This REIT Stock

    PREIT is on track to complete its current redevelopment pipeline over the next year or so, which will lead to improved financial results.