Pennsylvania Real Estate Investment Trust (PEI)

NYSE: PEI · IEX Real-Time Price · USD
2.40
+0.01 (0.29%)
Dec 7, 2022 11:56 AM EST - Market open
0.29%
Market Cap 15.30M
Revenue (ttm) 300.55M
Net Income (ttm) -168.65M
Shares Out 5.32M
EPS (ttm) -28.42
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 8,762
Open 2.38
Previous Close 2.39
Day's Range 2.38 - 2.43
52-Week Range 2.37 - 19.5
Beta 2.79
Analysts Sell
Price Target n/a
Earnings Date Nov 8, 2022

About PEI

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S. with concentrations in the mid-Atlantic's top MSAs. Since 2012, the Company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures. [Read more]

Industry Equity Real Estate Investment Trusts (REITs)
CEO Joseph Coradino
Employees 158
Stock Exchange NYSE
Ticker Symbol PEI
Full Company Profile

Financial Performance

In 2021, PEI's revenue was $296.43 million, an increase of 13.22% compared to the previous year's $261.82 million. Losses were -$132.74 million, -48.85% less than in 2020.

Financial Statements

Analyst Forecast

No stock price forecast available yet.

Price Target
n/a
Analyst Consensus: Sell
Stock Forecasts

News

Expect New Stores and Many Shoppers at PREIT Malls This Holiday Season

2021 Record New Leasing Activity Leads to 450,000 square feet of new stores since last holiday season, representing nearly 5% YOY occupancy growth Proactive Cultivation of Local and Small Businesses Lea...

6 days ago - PRNewsWire

PREIT Reports Third Quarter 2022 Results

Core Mall Total Occupancy Increased 480 Basis Points to 94.4% Core Mall Sales Per Square Foot Were $592 in September, up 10.4% compared to 2019 Average Renewal Spreads were 8.7% for the Quarter Ended Se...

4 weeks ago - PRNewsWire

PREIT's Philadelphia Portfolio Hosting Holiday Season Festivities and Shopping

Starting this month, the community will be invited to enjoy holiday entertainment every weekend! PHILADELPHIA , Nov. 2, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) is making it a season to remember for Phila...

1 month ago - PRNewsWire

PREIT Accelerates Capital-Raising Initiative Surpassing Key Milestone

Over $110 million raised through asset sale program  $148 million from asset sales and excess cash used to repay debt PHILADELPHIA , Nov. 2, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, marked meaning...

1 month ago - PRNewsWire

PREIT Opens Q&A Platform for Shareholders Ahead of Third Quarter 2022 Earnings Call

PHILADELPHIA , Oct. 31, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the opening of its sh...

1 month ago - PRNewsWire

PREIT Continues to Drive Portfolio Occupancy

370,000 Square Feet of Tenants Opened  420,000 Square Feet of New Leases Signed in 2022 PHILADELPHIA , Oct. 12, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, highlighted continued momentum in store ope...

1 month ago - PRNewsWire

PREIT Schedules Third Quarter 2022 Earnings Release and Conference Call

PHILADELPHIA , Oct. 11, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending September 30, 2022 before market trading begins on Tuesday, November 8, 202...

1 month ago - PRNewsWire

PREITs Community Commitment was Vivid this August

PHILADELPHIA , Aug. 30, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today highlighted its...

3 months ago - PRNewsWire

Cherry Hill Mall Continues to Attract New-to-Market Trailblazing Tenants

PHILADELPHIA , Aug. 18, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust, today announced exciting additions to its flagship, Cherry Hill Mall, as the mall owner continues ...

3 months ago - PRNewsWire

PREIT Reports Second Quarter 2022 Results

Total Core Mall Leased Space Strong at 95.0% Core Mall Sales Per Square Foot Reached $605 in June, up 12.2% compared to 2019 Average Renewal Spreads were 2.3% for the Six Months Ended June 30th Core Mal...

3 months ago - PRNewsWire

PREIT Board of Trustees Welcomes Two New Independent Trustees as Representatives for Preferred Shareholders

Christopher Swann and Kenneth Hart Elected by Preferred Shareholders at 2022 Annual Meeting of Shareholders PHILADELPHIA , Aug. 2, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) (the "Company") today announced ...

4 months ago - PRNewsWire

PREIT Opens Q&A Platform for Shareholders Ahead of Second Quarter 2022 Earnings Call

PHILADELPHIA , Aug. 2, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the opening of its sha...

4 months ago - PRNewsWire

5 Top Short Squeeze Stocks to Watch This Week

We're checking back in on short squeeze stocks this week with a look at the top shares traders will want to keep an eye on! The post 5 Top Short Squeeze Stocks to Watch This Week appeared first on Inves...

Other symbols: TBLTBHATCSSEHOUR
4 months ago - InvestorPlace

PREIT Schedules Second Quarter 2022 Earnings Release and Conference Call

PHILADELPHIA , July 21, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2022 before market trading begins on Tuesday, August 9, 2022.  Man...

4 months ago - PRNewsWire

PREIT Delivers Expanding Retailers to New Markets

Portfolio presence in key markets continues to attract growing brands with four expanding retailers opening ten stores PHILADELPHIA , July 19, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today announced tha...

4 months ago - PRNewsWire

PREIT Urges Preferred Shareholders to Cast their Votes for Preferred Share Trustee Nominees Prior to August 2, 2022

Christopher Swann and Kenneth Hart are Nominees for Preferred Share Trustees PHILADELPHIA , July 14, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today issued the following statement: The Company and its pro...

4 months ago - PRNewsWire

PREIT Urges Preferred Shareholders to Cast their Votes for Preferred Share Trustee Nominees Prior to August 2, 2022, ...

PHILADELPHIA , July 8, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today issued the following statement: The Company and its proxy solicitor continue to make efforts to achieve a quorum for the Preferred Sh...

4 months ago - PRNewsWire

Cygnus Capital Issues Statement Regarding the Right of Holders of Preferred Shares of Pennsylvania Real Estate Invest...

Details Voting Intentions and Reasons Why There Is Urgency to Add Two Independent Preferred Stock Trustees to the Board ATLANTA , July 7, 2022 /PRNewswire/ -- Cygnus Capital, Inc. (together with its aff...

4 months ago - PRNewsWire

MICS, AERC: 5 Top Short Squeeze Stocks to Watch

With a new week comes all of the latest short-squeeze stocks that investors are going to want to keep an eye on and we've got a list to help! The post MICS, AERC: 5 Top Short Squeeze Stocks to Watch app...

Other symbols: MICSAERCAUVIBHAT
5 months ago - InvestorPlace

PREIT Closes on Sale of Multi-Family Land at Moorestown Mall with Year-To-Date Asset Sale Proceeds and Excess Cash fr...

PHILADELPHIA, July 5, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, announced that it has sold two additional assets for $14.2 million. The Moorestown Mall land was sold for approximately $12 million a...

5 months ago - PRNewsWire

RDBX, REV: The Top 5 Short Squeeze Stocks to Watch This Week

Short squeeze stocks are a hot topic this week as retail traders look for the best shares to pump and push hedge funds out of. The post RDBX, REV: The Top 5 Short Squeeze Stocks to Watch This Week appea...

Other symbols: CSSEMSPR
5 months ago - InvestorPlace

5 Short Squeeze Candidate To Watch This Week: Redbox And Chicken Soup For The Soul Both In Top Five, Revlon Remains O...

Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move. A short squeeze can occur when a heavily shorted stock rises in value instead of falling.

Other symbols: CSSEMSPR
5 months ago - Benzinga

PREIT Closes on Sale of Interest in Gloucester Premium Outlets, Reducing Debt by $35.4 Million

Marks key step in executing on the Company's capital plan PHILADELPHIA , June 23, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, announced that it has sold its 25% interest in the entity that owns Glouc...

5 months ago - PRNewsWire

With Sales Per Square Foot Over $600, Dartmouth Mall Adds Two New Tenants

Zumiez and Skechers Add New Offerings to The Curated Dominant Regional Mall PHILADELPHIA , June 16, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today announced new additions to Dartmouth Mall, a key propert...

5 months ago - PRNewsWire

FCPT Announces $32.5 million Outparcel Portfolio with PREIT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “C...

Other symbols: FCPT
5 months ago - Business Wire