PEI News and Press, Pennsylvania Real Estate Investment Trust From 11/12/20

Pennsylvania REIT filed for Chapter 11 bankruptcy on November 1. This has led many to assume that shareholders will immediately lose ownership and even that the REIT may liquidate. Neither of these is the case at present. For further details see: The Artificial Bankruptc...

Washington Prime might get a bit of a short-term bump from the Pfizer vaccine news. Any rallies are selling opportunities. Like its B-tier mall peers, Washington Prime faces a dire financial situation. The preferred shares look like a yield trap; I'd only consider the bonds an...

Pushed to the brink by the pandemic, Mall REITs entered 2020 on unstable footing following a tsunami of store closings over the past decade, and the forthcoming vaccines may be too-little-too-late. Despite improving rent collection and foot traffic, earnings reports revealed that...

U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize. Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow ...

Buying low means buying picks that the market is not favoring. We take a look at three REITs that suspended their dividends. When these dividends resume, investors will rush in, and we will be waiting. For further details see: Phoenixes Rising: 3 Future High Yielders

Pennsylvania REIT ([[PEI]] -2.1%), which filed for Chapter 11 bankruptcy proceedings less than a week ago, reports Q3 same-store net operating income, including lease terminations, declined 29.1% Y/Y, mostly due to lost revenue from bankrupt tenants, an increase in credit losses, account...

Flying under-the-radar during Election season, a frenzy of real estate earnings reports over the last three weeks have provided critical information on the state of the commercial real estate sector. Roughly two-thirds of the 170 equity REITs in our coverage universe beat consensus FF...

PREIT (PEI): Q3 FFO of $0.12 misses by $0.01.Revenue of $64.19M (-21.1% Y/Y)Press Release For further details see: PREIT FFO misses by $0.01

PREIT Reports Third Quarter 2020 Results Commenced Process to Implement Pre-packaged Plan that Received 95% Support from Lenders Core Mall Total Leased Space reached 93.4% Collections continue improving toward normal levels PR Newswire PHILADELPHIA, Nov. 6, 2020 ...

Regional malls, outlet centers, and shopping centers are suffering from rising vacancies and declining rents due to the transition to e-commerce, government lock-downs, and recession. We dramatically trimmed our exposure to retail REITs over the past two years as we began to understan...