Pennsylvania Real Estate Investment Trust (PRETQ)

OTCMKTS: PRETQ · Delayed Price · USD
0.530
0.00 (0.00%)
Mar 28, 2024, 4:00 PM EDT - Market closed
Market Cap 2.86M
Revenue (ttm) 300.55M
Net Income (ttm) -168.65M
Shares Out n/a
EPS (ttm) -31.79
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,933
Open 0.530
Previous Close 0.530
Day's Range 0.530 - 0.533
52-Week Range n/a
Beta n/a
Analysts n/a
Price Target n/a
Earnings Date n/a

About PRETQ

PREIT (OTCQB:PRET) is a real estate investment trust that owns and manages innovative properties developed to be thoughtful, community-centric hubs. PREIT's robust portfolio of carefully curated, ever-evolving properties generates success for its tenants and meaningful impact for the communities it serves by keenly focusing on five core areas of established and emerging opportunity: multifamily & hotel, health & tech, retail, essentials & grocery and experiential. Located primarily in densely populated regions, PREIT is a top operator of high q... [Read more]

Industry REIT - Retail
Sector Real Estate
Founded 1960
Employees 149
Stock Exchange OTCMKTS
Ticker Symbol PRETQ
Full Company Profile

Financial Performance

In 2021, PRETQ's revenue was $296.43 million, an increase of 13.22% compared to the previous year's $261.82 million. Losses were -$160.11 million, -44.19% less than in 2020.

Financial Statements

News

PREIT Looks Forward to Welcoming Coveted Brand Primark to Mall at Prince George's

PHILADELPHIA , Feb. 7, 2024 /PRNewswire/ --  PREIT (OTC:PRET) today announced the execution of a lease with Primark at Mall at Prince George's in Hyattsville, MD. The retailer will take 30,000 square ...

7 weeks ago - PRNewsWire

PREIT Takes Steps to Significantly Strengthen Balance Sheet and Solidify Future of Business

Focus on Delivering Exceptional Experiences for Shoppers and Tenants Continues Enters Restructuring Support Agreement with 100% of PREIT's First and Second Lien Lenders and Commences Chapter 11 Procee...

3 months ago - PRNewsWire

PREIT Reports Third Quarter 2023 Results

Core Mall Total Occupancy 93.6%, Portfolio 94.8% Leased Average Renewal Spreads Were 8.5% for the Quarter Ended September 30, 2023 PHILADELPHIA , Nov. 14, 2023 /PRNewswire/ -- PREIT (OTCQB:PRET) today...

4 months ago - PRNewsWire

Shareholders of Pennsylvania Real Estate Investment Trust Issue Open Letter to Board of Trustees

PHILADELPHIA--(BUSINESS WIRE)--PREIT shareholders John Saunders and David Steinberg are members of an ad hoc group of shareholders who have sent a letter to PREIT's Board of Trustees asserting that th...

6 months ago - Business Wire

Over a Dozen Diverse and Impactful Tenants in 575,000 Square Feet Opening Throughout PREIT Portfolio, Strengthening Core Assets

PHILADELPHIA , Aug. 14, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET) welcomed several new and diverse tenants across its portfolio. For over a decade, PREIT has focused on going beyond traditional mall te...

8 months ago - PRNewsWire

PREIT Reports Second Quarter 2023 Results

Core Mall Total Occupancy Grew to 94.2%, Portfolio 95.0% Leased Core Mall Sales Per Square Foot Were $592 in June Average Renewal Spreads Were 4.7% for the Quarter Ended June 30, 2023 PHILADELPHIA , A...

8 months ago - PRNewsWire

PREIT Schedules Second Quarter 2023 Earnings Release and Conference Call

PHILADELPHIA , July 31, 2023 /PRNewswire/ -- PREIT (OTCQB:PRET) intends to release its financial results for the quarter ending June 30, 2023 before market trading begins on Thursday, August 3, 2023. ...

8 months ago - PRNewsWire

PREIT Board of Trustees Issues Response to Letter from John R. Saunders

PHILADELPHIA , July 12, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET) today issued a statement and letter in response to the July 11, 2023 letter from John R. Saunders. Statement from PREIT: PREIT remains ...

9 months ago - PRNewsWire

PREIT Board of Trustees Issues Response to Letter from "Concerned Shareholders"

PHILADELPHIA , July 7, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET) today issued a statement and letter in response to the July 6, 2023 letter from David Steinberg, Scott Bishins and Michael Mayer. Statem...

9 months ago - PRNewsWire

Concerned PREIT Shareholders Urge Failing Trustees to Resign

PHILADELPHIA--(BUSINESS WIRE)--David Steinberg, Scott Bishins, and Michael Meyer ("Concerned Shareholders" or "we"), collectively substantial holders of the outstanding common shares of beneficial int...

9 months ago - Business Wire

PREIT's Crown Jewel, Cherry Hill Mall, Continues to Attract Best-in-Class Tenants

Opening of Region's Newest Eddie V's Shines Spotlight on Continued Strong Demand PHILADELPHIA , June 29, 2023 /PRNewswire/ -- Cherry Hill Mall, a PREIT (OTCQB: PRET) shopping center, continues to attr...

9 months ago - PRNewsWire

PREIT Board of Trustees Issues Response to Open Letter to Shareholders Issued by Two Independent Trustees

PHILADELPHIA , June 15, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET) today issued a statement and letter in response to the June 15, 2023 Open Letter to Shareholders issued by Trustees, Christopher Swann ...

10 months ago - PRNewsWire

PREIT Reports First Quarter 2023 Results

Core Mall Total Occupancy Grew to 93.5% Core Mall Non-Anchor Occupancy Increased 150 Basis Points to 90.1% Core Mall Sales Per Square Foot Were $603 in March, Growing 1.2% Over December 2022 Average R...

11 months ago - PRNewsWire

ULTA to Join PREIT's Dartmouth Mall, a Premier Destination for Shoppers

PHILADELPHIA , May 3, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET) is proud to announce it has signed a lease with ULTA for 7,500 square feet at Dartmouth Mall. As part of the company's strategy to redefi...

11 months ago - PRNewsWire

PREIT Schedules First Quarter 2023 Earnings Release and Conference Call

PHILADELPHIA , April 26, 2023 /PRNewswire/ -- PREIT (OTC:PRET) intends to release its financial results for the quarter ending March 31, 2023 before market trading begins on Thursday, May 4, 2023.  Ma...

1 year ago - PRNewsWire

PREIT Reports Fourth Quarter and Full Year 2022 Results

Core Mall Total Occupancy Grew to 94.8% Core Mall Non-Anchor Occupancy Increased 240 Basis Points to 92.1% Core Mall Sales Per Square Foot Were $606 in January, Growing 1.7% Over December 2022 Average...

1 year ago - PRNewsWire

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

PHILADELPHIA , March 13, 2023 /PRNewswire/ -- PREIT (OTC: PRET), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the opening of its...

1 year ago - PRNewsWire

PREIT Schedules Fourth Quarter 2022 Earnings Release and Conference Call

PHILADELPHIA , March 2, 2023 /PRNewswire/ -- PREIT (OTC:PRET) intends to release its financial results for the quarter and year ending December 31, 2022 before market trading begins on Wednesday, Marc...

1 year ago - PRNewsWire

PREIT Sells Whole Foods Parcel for $27 Million

Sale of Parcel Part of Multi-Faceted Strategy to Harvest Value PHILADELPHIA , February 13, 2023 /PRNewswire/ --  PREIT, today, announced the sale of its Whole Foods parcel at Plymouth Meeting Mall for...

1 year ago - PRNewsWire

PREIT Announces Burlington as One of Many New Additions Joining Springfield Town Center

75,000 Square Feet of Retail and Entertainment Space Set to Open in 2023 Occupancy to Reach Record 95.5% Upon Opening of LEGO Discovery Center and Burlington Approvals Recently Obtained for 460 Apartm...

1 year ago - PRNewsWire

PREIT Completes Extension of Key Mortgage Maturity and Provides Update on Asset Sales

PHILADELPHIA, Jan. 3, 2023 /PRNewswire/ -- PREIT today, announced that it has executed an extension of the mortgage loan secured by Woodland Mall in Grand Rapids, MI.  The loan, with an unchanged inte...

1 year ago - PRNewsWire