PEI News and Press, Pennsylvania Real Estate Investment Trust From 01/14/21

Gainers: Datasea (DTSS) +90%.Lexicon Pharmaceuticals (LXRX) +85%.Pennsylvania Real Estate Investment Trust (PEI) +50%.DPW Holdings (DPW) +36%.Organogenesis (ORGO) +34%.Acacia Communications (ACIA) +33%.Bicycle Therapeutics (BCYC) +31%.AeroVironment (AVAV) +29%.Maxar Technologie...

PREIT Sets Stage for Next Phase of Evolution with Approval of 1,065 Apartment Units at Moorestown Mall Approval Sets the Stage for Asset Transformation; Closing on Land Sale PR Newswire PHILADELPHIA , Jan. 11, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), ...

U.S. equity markets finished broadly higher on the first week of 2021 despite partisan tensions flaring following the Georgia runoff elections in which Democrats gained a "trifecta" of political control. After finishing 2020 with total returns of 18.4%, the S&P 500 jumped 2.0%. Th...

Earlier this year, we published a report titled "Cheap REITs Stay Cheap" that analyzed the "factors" that exhibited persistent outperformance in the REIT sector over the past several decades. Key takeaways from this report included the observation that higher-yielding, higher-leverage...

PREIT Enhances Appeal of Dartmouth Mall with the Addition of Aldi New-to-Portfolio Grocer fortifies retail hub PR Newswire PHILADELPHIA , Jan. 7, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of distinctive real estate in high barrier-t...

The coronavirus pandemic is turning struggling malls into new kinds of real estate. Latest? The company behind popular videogame Fortnite, Epic Games, is shelling out $95M for the Cary Towne Center mall in North Carolina, converting it into its new global headquarters. Epic plans to open the ...

NYSE notified PREIT (PEI) that it has regained compliance with continued listing standards.On Sep.25, 2020, the company had received formal notice from the NYSE that it was not in compliance with its continued listing standards.Shares trading 9.8% higher in after-hours trading. Fo...

PREIT Regains Compliance with NYSE Continued Listing Standards PR Newswire PHILADELPHIA , Jan. 5, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that it received written notification...

U.S. equity markets finished an unforgettable 2020 at record highs despite the unprecedented ongoing global pandemic, rallying back from a historic market sell-off that pushed financial markets to the absolute brink. Finishing the year with returns of 17.6%, the S&P 500 finis...

The top 10 holdings would imply that the quality of NRO's portfolio is quite good - although the risk can be found in some of the preferred shares. Investors should be aware of exposure to lower-quality REITs' preferred stock, specifically in the lodging sector and regional malls. ...