PEI News and Press, Pennsylvania Real Estate Investment Trust From 10/10/20

U.S. equity markets delivered their strongest week in three months, driven by solid economic data and renewed hope for a compromise on the ever-elusive fiscal stimulus deal. Following gains of 1.6% last week, the S&P 500 surged 3.9% this week, climbing back within 3% of all-time h...

U.S. equity markets snapped a four-week losing streak on a frenetic week of economic data and political developments that culminated with the hospitalization of the President of the United States. Throwing yet another curveball into the home stretch of a highly contentious U.S. electi...

In its business update, Pennsylvania Real Estate Investment Trust ([[PEI]] +1.0%) indicated that it has secured a one-month extension and obtained the flexibility for a $25M expansion of its liquidity facility.The company is working towards a comprehensive financial restructuring to strengthe...

Pennsylvania Real Estate Investment Trust (PEI) +2.5% PM, received non-compliance formal notice from the NYSE for maintaining a minimum average closing price of $1/share over a consecutive 30-trading day period.It intends to regain compliance within ten business days of re...

PREIT Provides Liquidity and Business Update Company Secures One-Month Extension and Flexibility for $25 Million Expansion of Liquidity Facility Discussions Ongoing Regarding Comprehensive Financial Restructuring Cash Receipts Total 108% of Monthly Billing for September,...

PREIT Acknowledges Receipt of NYSE Continued Listing Standard Notice PR Newswire PHILADELPHIA, Oct. 1, 2020 PHILADELPHIA , Oct. 1, 2020 /PRNewswire/ -- PREIT (NYSE: PEI) announced today that on September 25, 2020 it received formal notice from ...

PREIT Expands Operating Hours and Closes for Thanksgiving PR Newswire PHILADELPHIA, Sept. 21, 2020 PHILADELPHIA , Sept. 21, 2020 /PRNewswire/ -- PREIT today announced that it will modify its operating hours as more experiential tenants ramp up operations thro...

Pennsylvania Real Estate Investment Trust (NYSE: PEI )   +1.4% PM ,  indicated new stores across its portfolio indicated by an expanded, new prototype Apple store at Cherry Hill Mall; the mall will welcome new tenants, Jamba and Tempur-Pedic in Q4. More news on: Penns...

PHILADELPHIA , Sept. 18, 2020 /PRNewswire/ -- PREIT today highlighted new stores opening throughout its portfolio highlighted by an expanded, new prototype Apple store at Cherry Hill Mall. The store features Apple's latest store design elements, an outdoor seating area and exterior a...

The retail landscape is dismal today thanks to COVID-19, but it won't always be this bad. And when the world finds a way to work past the coronavirus, prime retail assets will again be in demand from both consumers and retailers. Macerich (NYSE: MAC) , a mall real estate investment trust (...