PEI News and Press, Pennsylvania Real Estate Investment Trust From 01/31/21

U.S. equity markets posted their worst week since October amid an ongoing "short squeeze saga" that raised questions regarding market stability, overshadowing a strong week of earnings reports and economic data. Impacted by the fallout from the ongoing battle between institutiona...

Some of the higher-profile stocks that have been experiencing short squeezes this week -- specifically GameStop and AMC Entertainment Holdings -- were sharply higher on Friday. However, some of the mall operators that were also caught in the short-squeeze action are not...

Gainers: Siebert Financial (SIEB) +221%. LM Funding America (LMFA) +45%. Nam Tai Property (NTP) +18%. Property Solutions Acquisition (PSAC) +17%. Social Capital Hedosophia Holdings (IPOE) +15%.Losers: Ucommune International (UK) -33%. The Macerich (MAC) -12%. Seritage Growth Properties (SRG) ...

The breathtaking surge in GameStop - along with a swelling number of heavily-shorted stocks - has sent shockwaves through financial markets amid an ongoing battle between institutional and self-directed investors. Initially set into motion by a sharp vaccine-driven rally from many "CO...

PREIT (PEI) hires real estate services firm CBRE (CBRE) to expand the uses and broaden the tenant base of its Plymouth Meeting Mall outside of Philadelphia and complements the company's "multi-use destination effort already underway."The mall owner retained CBRE to seek development and invest...

PREIT and CBRE Join Forces to Chart New Future for Plymouth Meeting Mall Ideally-Situated Asset Creates Opportunity for Vast Array of Uses PR Newswire PHILADELPHIA , Jan. 28, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of distinct...

Real estate earnings season kicks off this week with more than 175 equity REITs, 40 equity REITs, and dozens of housing industry companies reporting earnings over the next five weeks. While missed rents and dividend cuts were the prevailing themes in the REIT sector in mid-2020, the v...

Edesa Biotech (EDSA) +97% on regulatory nod for sub set of phase2/3 EB05 COVID-19 study.Koss Corporation (KOSS) +84%.Phunware (PHUN) +65%.Vertex Energy (VTNR) +52%.Myomo (MYO) +33% on JV to manufacture and sell the company’s products in China.AIkido Pharma (AIKI) +2...

Lenders will act rationally and in their self-interest, and therefore will not force a liquidation so shortly after PREIT's emergence from Chapter 11 restructuring in this distressed market. In the worst case scenario, the downside risk for common and preferred shares are similar, wit...

Gainers: Climate Change Crisis Real Impact I Acquisition (CLII) +57%. Silvergate Capital (SI) +13%. Pennsylvania Real Estate Investment Trust (PEI) +12%. Decarbonization Plus Acquisition (DCRBU) +11%.Losers: NMI Holdings (NMIH) -10%. Kaixin Auto Holdings (KXIN) -9%. Office Properties Income T...