PEI News and Press, Pennsylvania Real Estate Investment Trust

PREIT Announces Plan to Commence Trading on OTC Markets PR Newswire Trust has Applied to OTCQX® PHILADELPHIA , Dec. 15, 2022 /PRNewswire/ -- PREIT announced today that it intends to transfer the trading of its shares to the OTC Markets, operated...

PREIT Portfolio Continues to Attract a Broad Range of New Tenants PR Newswire Attractive Properties Build on Momentum of 2021 Record New Leasing and nearly 5% YOY Occupancy Growth PHILADELPHIA , Dec. 14, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today annou...

PREIT ( NYSE: PEI ) has obtained unanimous approval from the Fairfax County Board of Supervisors for the development of 460 apartments and a 165-room hotel, paving the way for the sale of the land parcels both of which are under agreement of sale. A key part of PREIT's capital...

PREIT Receives Approvals for 460 Apartments and 165 Room Hotel at Springfield Town Center PR Newswire PHILADELPHIA , Dec. 13, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, announced that it has obtained unanimous approval from the Fairfax County Board of Supervi...

Summary U.S. equity markets retreated this week as investors positioned for the upcoming FOMC meeting while a chorus of analysts and executives expressed doubt on the likelihood of a "soft landing." Posting its worst week since mid-September, the S&P 500 slid 3.3% on the week - slum...

PREIT Successfully Achieves Extension of Credit Facilities PR Newswire Asset Values Documented in Connection with Credit Facilities Extension Acknowledge Substantial Portfolio Transformation PHILADELPHIA , Dec. 8, 2022 /PRNewswire/ -- PREIT (NYSE: PE...

Expect New Stores and Many Shoppers at PREIT Malls This Holiday Season PR Newswire 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 Smal...

Pennsylvania Real Estate Investment Trust (PEI) Q3 2022 Earnings Conference Call November 8, 2022, 11:00 AM ET Company Participants Heather Crowell - Gregory FCA, EVP, IR, Joe Coradino - CEO Mario Ventresca - CFO Conference Call Participants Present...

Pennsylvania REIT ( NYSE: PEI ), familiarly called PREIT, posted adjusted FFO loss per share in the third quarter as the shopping center REIT continued to raise capital to pay down debt, it said Tuesday. Q3 adjusted FFO per share of -$1.13 vs. $1.71 in Q2 and -$1.20 in t...

Summary The REIT sector achieved only its 3rd month in the black out of the first 10 months of 2022 with a +8.69% total return in October. Large cap REITs (+2.92%) averaged small gains, micro caps (+7.36%) and mid caps (+8.11%) had moderate gains and small caps (+12.85%) surged. ...