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Pennsylvania Real Estate Investment Trust (PEI)

Stock Price: $1.85 USD -0.06 (-3.04%)
Updated May 18, 2021 1:45 PM EDT - Market open
Market Cap 154.64M
Revenue (ttm) 252.98M
Net Income (ttm) -316.61M
Shares Out 77.65M
EPS (ttm) -4.09
PE Ratio n/a
Forward PE n/a
Dividend $0.02
Dividend Yield 1.08%
Trading Day May 18
Last Price $1.85
Previous Close $1.91
Change ($) -0.06
Change (%) -3.04%
Day's Open 1.95
Day's Range 1.79 - 1.94
Day's Volume 728,520
52-Week Range 0.36 - 2.93

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PHILADELPHIA, May 13, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that the Company has signed a new lease for a fulfillmen...

5 days ago - PRNewsWire

The struggling mall owner experienced a surge in leasing volume last quarter, but it still faces big challenges as it tries to recover from its late-2020 bankruptcy filing.

1 week ago - The Motley Fool

PHILADELPHIA, May 5, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today reported results for the three months ended March 31, 2021.  A description of each non-GAAP financial measure and the related reconcilia...

1 week ago - PRNewsWire

PHILADELPHIA, April 28, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending March 31, 2021 after market trading closes on Wednesday, May 5, 2021.  Mana...

2 weeks ago - PRNewsWire

PHILADELPHIA, April 28, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of distinctive real estate in high barrier-to-entry markets, today provided an update on robust demand for space in its...

2 weeks ago - PRNewsWire

PHILADELPHIA, April 19, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of distinctive real estate in high barrier-to-entry markets, today provided an update on collections and activity and i...

4 weeks ago - PRNewsWire

Penny stocks are notorious for being highly risky. But these seven have a real risk of reaching zero -- even if a few offer huge potential rewards.

Other stocks mentioned: BTU, CCO, GSAT, QUAD, RRD, UK
1 month ago - InvestorPlace

Pennsylvania Real Estate Investment Trust may have emerged from bankruptcy quickly, but it isn't out of the woods yet.

2 months ago - The Motley Fool

PHILADELPHIA, March 11, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today reported results for the three months and year ended December 31, 2020.  A description of each non-GAAP financial measure and the rel...

2 months ago - PRNewsWire

PHILADELPHIA, Feb. 25, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending December 31, 2020 after market trading closes on Thursday, March 11, 2021. A...

2 months ago - PRNewsWire

Retail real estate hasn't performed well during the pandemic. Could that change soon?

Other stocks mentioned: O, SKT, SPG, STOR
3 months ago - The Motley Fool

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 a self st...

3 months ago - PRNewsWire

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

Other stocks mentioned: MAC, SRG
3 months ago - The Motley Fool

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 to help e...

3 months ago - PRNewsWire

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. In the wors...

3 months ago - Seeking Alpha

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 malls in ...

3 months ago - Seeking Alpha

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 CUSIP: 70...

3 months ago - PRNewsWire

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
4 months ago - The Motley Fool

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 with the exec...

4 months ago - PRNewsWire

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 New York ...

4 months ago - PRNewsWire

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
4 months ago - Seeking Alpha

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
4 months ago - Seeking Alpha

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.

5 months ago - Pulse2

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 restructuri...

5 months ago - PRNewsWire

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
5 months ago - CNBC

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 the Distric...

5 months ago - PRNewsWire

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

5 months ago - Zacks Investment Research

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
5 months ago - The Motley Fool

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.

6 months ago - Seeking Alpha

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-late. Desp...

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

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
6 months ago - Seeking Alpha

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 the stock?

6 months ago - Zacks Investment Research

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

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

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 Sunday as the ...

Other stocks mentioned: CBL
6 months ago - Business Insider

It could be the drip before the torrent of filings.

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

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 Philadelphia-based ...

Other stocks mentioned: CBL
6 months ago - PYMNTS

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
6 months ago - CNN Business

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 estate industr...

Other stocks mentioned: CBL
6 months ago - CNBC

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 prepackaged fi...

6 months ago - PRNewsWire

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 negotiations to dat...

6 months ago - PRNewsWire

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 by 55% year...

Other stocks mentioned: APTS, EPR, WSR
6 months ago - Seeking Alpha

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.

7 months ago - The Motley Fool

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 than 80% of ...

7 months ago - PRNewsWire

The Mall Meltdown Is Underway

Other stocks mentioned: ANF, BPY, BPYPO, BPYPP, BPYU, CBL, HD ...
8 months ago - Seeking Alpha

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
8 months ago - The Motley Fool

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
9 months ago - Seeking Alpha

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
9 months ago - The Motley Fool

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

9 months ago - Seeking Alpha

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 stock?

9 months ago - Zacks Investment Research

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

9 months ago - PRNewsWire

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
175
Stock Exchange
NYSE
Ticker Symbol
PEI
Full Company Profile

Financial Performance

In 2020, PEI's revenue was $261.82 million, a decrease of -22.26% compared to the previous year's $336.79 million. Losses were -$259.52 million, 2,287.0% more than in 2019.

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