PEI News and Press, Pennsylvania Real Estate Investment Trust From 11/07/22

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. ...

Pennsylvania Real Estate Investment Trust ( NYSE: PEI ), known as PREIT, has extended promissory notes that back its Cherry Hill Mall to Feb. 1, 2023 from Nov. 1, 2022. To satisfy conditions of the extension and modification agreement, PREIT paid an extension fee of $2.5M ...

PREIT's Philadelphia Portfolio Hosting Holiday Season Festivities and Shopping PR Newswire Starting this month, the community will be invited to enjoy holiday entertainment every weekend! PHILADELPHIA , Nov. 2, 2022 /PRNewswire/ -- PREIT (...

PREIT Accelerates Capital-Raising Initiative Surpassing Key Milestone PR Newswire Over $110 million raised through asset sale program $148 million from asset sales and excess cash used to repay debt PHILADELPHIA , Nov. 2, 2022 /PRN...

Summary PREIT Series B Preferreds offer 1100% upside to par value + accrued dividends, with a substantial margin of safety. Bears cannot have their cake and eat it too: if you assume overly conservative cap rates in the bear case, you need to factor in NAV gains from strategic def...

PREIT Opens Q&A Platform for Shareholders Ahead of Third Quarter 2022 Earnings Call PREIT Opens Q&A Platform for Shareholders Ahead of Third Quarter 2022 Earnings Call PR Newswire PHILADELPHIA , Oct. 31, 2022 /PRNewswire/ -- PREIT (NYSE: PEI),...

Summary Retirees have lots of opportunities these days. REITs are especially compelling because, unlike bonds, they offer high income and inflation protection. We highlight 2 high yielding REITs that retirees will love. Until recently, it was difficult for income inv...

Summary U.S. equity markets rebounded with their best weekly gains since July after a decent start to corporate earnings season eased the seemingly-relentless selling pressure even as interest rates swelled to multi-decade-highs. Rebounding from two-year-lows and gaining for just ...

Summary U.S. equity markets dipped to two-year lows on another volatile week as a disappointing slate of inflation data suggested that the potential window for an economic "soft-landing" may be narrowing. Declining in seven of the past nine weeks and finishing on the cusp of the l...

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...