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Pennsylvania Real Estate Investment Trust (PEI)

Stock Price: $2.11 USD -0.05 (-2.31%)
Updated Feb 25, 2021 4:00 PM EST - Market closed
After-hours: $2.09 -0.02 (-0.95%) Feb 25, 7:53 PM
Market Cap 170.20M
Revenue (ttm) 283.92M
Net Income (ttm) -106.47M
Shares Out 77.40M
EPS (ttm) -1.39
PE Ratio n/a
Forward PE n/a
Dividend $0.44
Dividend Yield 20.85%
Trading Day February 25
Last Price $2.11
Previous Close $2.16
Change ($) -0.05
Change (%) -2.31%
Day's Open 2.12
Day's Range 2.06 - 2.19
Day's Volume 1,300,475
52-Week Range 0.36 - 2.93

News

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PRNewsWire - 3 weeks ago

PHILADELPHIA, Feb. 2, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of distinctive real estate in high barrier-to-entry markets, today announced that is has signed a new lease for...

The Motley Fool - 3 weeks ago

These three mall stocks spiked higher earlier in the week, but seem to be cooling off.

Other stocks mentioned: MAC, SRG
PRNewsWire - 4 weeks ago

PHILADELPHIA, Jan. 28, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of distinctive real estate in high barrier-to-entry markets, today announced that the Company has engaged CBRE...

Seeking Alpha - 1 month ago

Lenders will act rationally and in their self-interest, and therefore will not force a liquidation so shortly after PREIT's emergence from Chapter 11 restructuring in this distressed market. I...

Seeking Alpha - 1 month ago

PREIT looks a lot like GGP in 2008, with high risk, and high potential reward. PREIT is currently trading at 4% of its 2016 peak of $25, despite taking action to offload high cap rate non-core...

PRNewsWire - 1 month ago

PHILADELPHIA, Jan. 19, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today announced that the tax status of the distributions paid per share during 2020 is as follows: COMMON SHARES IRS Form 1099-DIV...

The Motley Fool - 1 month ago

Shares of mall landlords took off today. It looks like investors are starting to realize that the worst could be over.

Other stocks mentioned: MAC, SKT, SRG
PRNewsWire - 1 month ago

PHILADELPHIA, Jan. 11, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), today announced that the Company will proceed with its plan to transform its properties into multi-use, sustainable districts wit...

PRNewsWire - 1 month ago

PHILADELPHIA, Jan. 5, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that it received written notification from the...

Seeking Alpha - 1 month ago

Malls have been hit hard by COVID-19. With vaccines, there's light at the end of the tunnel.

Other stocks mentioned: ASNAQ, CDR, DKS, JCPNQ, ROST, TLRD, WPG
Seeking Alpha - 2 months ago

COVID-19 had a big impact. My portfolio is down about 16% from the start of the year, but has recovered most of the drop in March.

Other stocks mentioned: SCHD, SPHD
Pulse2 - 2 months ago

The stock price of Pennsylvania Real Estate Invt Trust (NYSE: PEI) increased by 13.13% today as it went from a previous close of $0.99 to $1.12 per share. This is why it happened.

PRNewsWire - 2 months ago

PHILADELPHIA, Dec. 11, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced it has successfully completed its financial r...

CNBC - 2 months ago

As winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.

Other stocks mentioned: SPG, BPR, CBL, MAC, TCO, WPG
PRNewsWire - 2 months ago

PHILADELPHIA, Nov. 30, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that the United States Bankruptcy Court for t...

Zacks Investment Research - 3 months ago

Investors need to pay close attention to Pennsylvania Real Estate (PEI) stock based on the movements in the options market lately.

The Motley Fool - 3 months ago

2020 has been brutal for many retail real estate owners. But their prospects next year and beyond may be better than investors think.

Other stocks mentioned: KSS
Seeking Alpha - 3 months ago

Pennsylvania REIT filed for Chapter 11 bankruptcy on November 1. This has led many to assume that shareholders will immediately lose ownership and even that the REIT may liquidate.

Seeking Alpha - 3 months ago

Pushed to the brink by the pandemic, Mall REITs entered 2020 on unstable footing following a tsunami of store closings over the past decade, and the forthcoming vaccines may be too-little-too-...

Other stocks mentioned: BPYU, CBL, MAC, SKT, SPG, TCO, VNQ, WPG
Seeking Alpha - 3 months ago

Buying low means buying picks that the market is not favoring. We take a look at three REITs that suspended their dividends.

Other stocks mentioned: CLNC, EPR
Zacks Investment Research - 3 months ago

Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -76.92% and -2.70%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for t...

The Motley Fool - 3 months ago

The COVID-19 pandemic continues to take a toll on U.S. mall owners.

Other stocks mentioned: CBL
Business Insider - 3 months ago

The owners of a combined 130 malls just filed for bankruptcy, CNN reported. CBL & Associates, based in Tennessee, and PREIT, based in Pennsylvania, both filed for Chapter 11 bankruptcy on Sund...

Other stocks mentioned: CBL
The Motley Fool - 3 months ago

It could be the drip before the torrent of filings.

Other stocks mentioned: CBL
PYMNTS - 3 months ago

Another wheel has fallen off in the troubled mall sector, as two real estate trusts have filed for Chapter 11 bankruptcy. The filings, both announced Sunday night (Nov. 1), came from Philadelp...

Other stocks mentioned: CBL
CNN Business - 3 months ago

Two owners of a combined 130 or so malls across the US have filed for bankruptcy, signaling that the pandemic and shifting consumer habits continue to rattle the retail industry.

Other stocks mentioned: CBL
CNBC - 3 months ago

Mall owner CBL & Associates filed for Chapter 11 bankruptcy protection late Sunday, after its business was pressured by the coronavirus pandemic, highlighting the stresses the retail real esta...

Other stocks mentioned: CBL
PRNewsWire - 3 months ago

PHILADELPHIA, Nov. 1, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced it has taken the next step to execute its prep...

PRNewsWire - 3 months ago

PHILADELPHIA, Oct. 26, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today reports that, as a result of progress made in negotiati...

Seeking Alpha - 4 months ago

EPR Properties shares have been hammered, falling more than 66% year to date versus -14% for the Vanguard Real Estate ETF. Whitestone REIT is another beaten-down REIT that's seen shares fall b...

Other stocks mentioned: APTS, EPR, WSR
The Motley Fool - 4 months ago

Most of PREIT's lenders have agreed to an out-of-court debt restructuring plan that would buy time for the REIT to recover from the COVID-19 pandemic.

PRNewsWire - 4 months ago

PHILADELPHIA, Oct. 14, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that it has reached an agreement with more th...

Seeking Alpha - 5 months ago

The Mall Meltdown Is Underway

Other stocks mentioned: ANF, BPY, BPYPO, BPYPP, BPYU, CBL, HD, LOW, SKT, SPG, TCO, TGT, TIF, WPG
The Motley Fool - 5 months ago

Two additions to the S&P SmallCap 600 are rocketing higher, while the two cuts are falling hard.

Other stocks mentioned: COOP, EXPR, IJR, RCM
Seeking Alpha - 6 months ago

From bad to worse. Entering 2020 on already unstable footing following a tsunami of store closings over the past half-decade, mall REITs have been punished by the ongoing coronavirus pandemic.

Other stocks mentioned: BPR, CBL, MAC, SKT, SPG, TCO, WPG
The Motley Fool - 6 months ago

Pennsylvania Real Estate Investment Trust and Washington Prime Group both struggled to collect rent last quarter because of the impact of the COVID-19 pandemic.

Other stocks mentioned: WPG
Seeking Alpha - 6 months ago

Pennsylvania Real Estate Investment Trust (PEI) CEO Joe Coradino on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -175.00% and -10.61%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the ...

PRNewsWire - 6 months ago

PHILADELPHIA, Aug. 10, 2020 /PRNewswire/ -- PREIT (NYSE: PEI) today reported results for the three and six months ended June 30, 2020.

Seeking Alpha - 7 months ago

PREIT Preferreds: Attractive Risk-Reward, Despite COVID-19 Headwinds

NYTimes - 7 months ago

Brick-and-mortar retail was in the midst of seismic changes even before the pandemic. Analysts say as much as a quarter of America’s malls may close in the next five years.

Other stocks mentioned: CBL, MAC, PEI.PC, SKT, SPG, TCO
CNBC - 8 months ago

When a mall goes dark, a community loses hundreds, if not thousands, of workers providing a significant amount of dollars to the local tax base.

Other stocks mentioned: CBL, SPG
The Motley Fool - 8 months ago

The market was in a good mood, taking the mall REITs along with it. There's a very good reason for that, and for not getting too upbeat.

Other stocks mentioned: MAC, SKT, SPG
Seeking Alpha - 8 months ago

Reality Check: The Mall REIT Apocalypse Is Really Here

Other stocks mentioned: CBL, MAC, SKT, SPG, SRG, TCO, WPG
Seeking Alpha - 9 months ago

Pennsylvania REIT: Selling Planks To Plug A Leaky Ship

Seeking Alpha - 9 months ago

Pennsylvania Real Estate Investment Trust (PEI) CEO Joe Coradino on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 9 months ago

Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -39.13% and -10.38%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the ...

The Motley Fool - 9 months ago

The market got a booster shot of good news, but it could be really good for mall owners like Simon.

Other stocks mentioned: SPG, MAC, SKT
The Motley Fool - 9 months ago

The pain started with Tanger, but quickly spread to the entire mall REIT sector. Investors are still absorbing earnings.

Other stocks mentioned: MAC, SPG
The Motley Fool - 9 months ago

Mall REITs are battening down the hatches, or worse, as they look to survive the impact of COVID-19-related closures. It won't be pretty.

Other stocks mentioned: CBL, MAC, SPG, TCO, WPM

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.

Industry
REIT-Retail
CEO
Joseph Coradino
Employees
233
Stock Exchange
NYSE
Ticker Symbol
PEI
Full Company Profile

Financial Performance

In 2019, PEI's revenue was $336.79 million, a decrease of -7.07% compared to the previous year's $362.40 million. Losses were -$10.87 million, -90.15% less than in 2018.

Financial Statements

Analyst Forecasts

According to one analyst, the rating for PEI stock is "Hold" and the 12-month stock price forecast is 1.00.

Price Target
$1.00
Analyst Consensus: Hold