Pennsylvania Real Estate Investment Trust (PEI)

NYSE: PEI · IEX Real-Time Price · USD
1.03 -0.03 (-2.83%)
Jan 18, 2022 2:35 PM EST - Market open
Market Cap82.61M
Revenue (ttm)277.88M
Net Income (ttm)-327.72M
Shares Out80.20M
EPS (ttm)-4.20
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume236,739
Open1.06
Previous Close1.06
Day's Range1.03 - 1.07
52-Week Range0.84 - 3.47
Beta2.39
AnalystsHold
Price Target1.00 (-2.9%)
Earnings DateNov 4, 2021

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.

IndustryEquity Real Estate Investment Trusts (REITs)
CEOJoseph Coradino
Employees175
Stock ExchangeNYSE
Ticker SymbolPEI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

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
(-2.91% downside)
Analyst Consensus: Hold

News

PREIT Reports Strong Sales and Holiday Traffic and Progress on Key Strategic Initiatives

PHILADELPHIA, Jan. 12, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced meanin...

6 days ago - PRNewsWire

PREIT Makes Meaningful Progress on Key Balance Sheet Improvement Initiatives, Securing Extension of Woodland Mall Mor...

PHILADELPHIA, Dec. 15, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced that it has met the cr...

1 month ago - PRNewsWire

Online Darlings Warby Parker and Amazon 4-Star Set to Open at PREIT's Cherry Hill Mall in 2022

PHILADELPHIA, Nov. 17, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the upcoming addition ...

2 months ago - PRNewsWire

PREIT Reports Third Quarter 2021 Results

PHILADELPHIA, Nov. 4, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today reported results for the three and nine months ended September 30, 2021.  A description of each non-GAAP financial measure and the rela...

2 months ago - PRNewsWire

PREIT Issues Inaugural Sustainability Report

PHILADELPHIA, Oct. 28, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today issued the Company's first-ever ...

2 months ago - PRNewsWire

PREIT Announces New Q&A Platform for Shareholders Ahead of Third Quarter 2021 Earnings Call

PHILADELPHIA, Oct. 26, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the launch of a shareh...

2 months ago - PRNewsWire

PREIT Schedules Third Quarter 2021 Earnings Release and Conference Call

PHILADELPHIA, Oct. 14, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending September 30, 2021 before market trading begins on Thursday, November 4, 202...

3 months ago - PRNewsWire

PREIT Portfolio Demonstrates Strength As Consumers Continue To Choose In-Person Experiences

PHILADELPHIA, Oct. 13, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced continued strong metri...

3 months ago - PRNewsWire

PREIT and Tilt to Rekindle the Amusement Experience of Willow Grove Park

PHILADELPHIA, Oct. 4, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced Tilted 10 and Tilt Stud...

3 months ago - PRNewsWire

PREIT to Present at the Shareholder Equity Conference

PHILADELPHIA, Sept. 22, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today announced that management will present at the Shareholder Equity Conference, held virtually, on Monday, September 27, 2021 at 1:30pm ET.

3 months ago - PRNewsWire

PREIT Core Mall Sales Increase 17% in July to Kickoff Back-To-School Season

PHILADELPHIA, Aug. 23, 2021 /PRNewswire/ -- PREIT is celebrating its various constituencies with its 2021 back-to-school campaign.  With sales predicted to break records by the National Retail Federatio...

4 months ago - PRNewsWire

PREIT Reports Second Quarter 2021 Results

PHILADELPHIA, Aug. 5, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today reported results for the three and six months ended June 30, 2021.  A description of each non-GAAP financial measure and the related re...

5 months ago - PRNewsWire

PREIT's Woodland Mall to Relaunch Movie Theatre with Phoenix Theatres

PHILADELPHIA, July 27, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use community-centric districts, today announced th...

5 months ago - PRNewsWire

PREIT Builds Momentum With Industry-Leading Anchor Repositioning Program

PHILADELPHIA, July 13, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use community-centric districts, continues to lead ...

6 months ago - PRNewsWire

PREIT Schedules Second Quarter 2021 Earnings Release and Conference Call

PHILADELPHIA, July 1, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2021 before market trading begins on Thursday, August 5, 2021.  Mana...

6 months ago - PRNewsWire

PREIT Completes Key Steps in Extending Debt Maturities

PHILADELPHIA, July 1, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use community-centric districts, today announced tha...

6 months ago - PRNewsWire

1 Retail REIT Sees More Signs of Recovery

Traffic, tenant sales, and leasing activity have come roaring back for Pennsylvania Real Estate Investment Trust in recent months. Will it be enough to save the company?

6 months ago - The Motley Fool

PREIT Celebrates the Strong Consumer and the Positive Implications for the Pace and Strength of Industry Recovery

PHILADELPHIA, June 23, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use districts, highlighted several factors contribu...

6 months ago - PRNewsWire

PREIT to Present at REITWeek® 2021: NAREIT's Investor Forum

PHILADELPHIA, June 3, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today announced that Chairman of the Board and Chief Executive Officer Joseph F. Coradino will present at NAREIT's REITWeek® 2021 virtual Inv...

7 months ago - PRNewsWire

PREIT and Cooper University Health Care Finalize Transaction for Moorestown Location

PHILADELPHIA, May 19, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced the finalization of transactions associated with bringin...

7 months ago - PRNewsWire

PREIT Executes 80,000 Square Foot Fulfillment Center at Cumberland Mall

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...

8 months ago - PRNewsWire

PREIT Earnings: Modest Progress, Lots of Work Left

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.

8 months ago - The Motley Fool

PREIT Reports First Quarter 2021 Results

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...

8 months ago - PRNewsWire

PREIT Schedules First Quarter 2021 Earnings Release and Conference Call

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...

8 months ago - PRNewsWire

PREIT Reports Robust Leasing Activity Growth as it Welcomes New Tenants to Diverse Portfolio

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...

8 months ago - PRNewsWire