PEI News and Press, Pennsylvania Real Estate Investment Trust From 10/12/22

Pennsylvania REIT ( NYSE: PEI ), known as PREIT, said 420K square feet of new leases were executed through Q3 2022, and new tenants will continue to open throughout this year and next. New stores that opened this year were four BoxLunches and two Lovisa stores, with four n...

PREIT Continues to Drive Portfolio Occupancy PR Newswire 370,000 Square Feet of Tenants Opened 420,000 Square Feet of New Leases Signed in 2022 PHILADELPHIA , Oct. 12, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, highlighted continued mo...

PREIT Schedules Third Quarter 2022 Earnings Release and Conference Call PR Newswire PHILADELPHIA , Oct. 11, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending September 30, 2022 before market trading...

Summary U.S. equity and bond markets plunged to the lowest levels of the year this past week after the Federal Reserve reiterated that further economic "pain" was necessary to cool inflation. Declining in five of the past six weeks and effectively erasing all of the benchmark's ga...

Summary The REIT sector has endured declines in 6 of the first 8 months of 2022, including a -5.29% total return in August. Micro cap REITs (+6.9%) outperformed in August, while large caps (-5.17%), small caps (-6.65%) and mid caps (-7.51%) declined. Only 15.06% of REIT securi...

Summary After showing renewed signs of life following a solid earnings season, Mall REITs are again the worst-performing major property sector in 2022 as recession concerns have offset modestly-improving fundamentals. A microcosm of broader macroeconomic trends, mall sector dynami...

PREITs Community Commitment was Vivid this August PR Newswire PHILADELPHIA , Aug. 30, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, to...

SPG recently reported Q2 results. We share 3 important takeaways from the Q2 report. We also provide an updated outlook on SPG stock, including our expectations for the dividend growth trajectory moving forward. Simon Property Group, Inc. ( SPG ) is the largest publi...

Cherry Hill Mall Continues to Attract New-to-Market Trailblazing Tenants PR Newswire PHILADELPHIA , Aug. 18, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust, today announced exciting additions to its flagship, Cherry Hi...

The REIT sector has achieved gains in only 2 of the first 7 months of 2022, including a +9.74% total return in July. Small cap (+11.68%) and mid cap (+9.09%) REITs had the greatest total returns, while large caps (+8.72%) and micro caps (+6.73%) saw more modest gains in July. A re...