PEI News and Press, Pennsylvania Real Estate Investment Trust From 02/17/21

Pennsylvania Real Estate Investment Trust (PEI) rose 4.8% after John R. Saunders reported a 5.4% stake in a 13D filing.Filing says that that the Saunders believes the shares of PEI are an attractive investment opportunity.PEI short interest 16% of float.Recall Feb. 12, PREIT reduces...

We're now at the halfway point of another newsworthy REIT earnings season. Results thus far have generally been better than expected as dividend cuts have given way to dividend boosts. Rents paid, dividends raised: 18 equity REITs have boosted their dividend this year, the majority of...

Pennsylvania Real Estate Investment Trust's ([[PEI]] -0.9%) second lien credit agreement with Wells Fargo Bank is reduced to $535.3M from $540.5M under an amendment dated Feb. 8, 2021, according to an SEC filing..The reduction comes with the final determination that amounts of disputed intere...

PREIT Completes Key Step in Financial Restructuring, Extending Maturity Date of Mortgage Loan Secured by Woodland Mall PR Newswire PHILADELPHIA , Feb. 11, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading owner and operator of distinctive real estate in high...

U.S. equity markets rebounded from their worst week since October as stronger-than-expected corporate earnings reports and recent economic and coronavirus data suggested a sooner-than-feared return to normalcy. Delivering a "perfect week" with gains on all-five trading days, the S&...

The short squeeze frenzy - which sent shockwaves through financial markets and the political establishment - has fizzled out over the last week following a dramatic surge from many troubled businesses. The five heavily-shorted mall REITs have plunged nearly 30% since the peak of the f...

New Dining Establishments Join PREIT Portfolio Shake Shack debuts at Plymouth Meeting Mall Today Supporting local dining venues a top priority amid restrictions PR Newswire PHILADELPHIA , Feb. 4, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading oper...

Gainers: 10X Capital Venture Acquisition (VCVC) +38%. UP Fintech Holding (TIGR) +14%. Nicholas Financial (NICK) +13%. UWM Holdings Corporation Class (UWMC) +11%.Losers: Churchill Capital (CCIV) -7%. Rand Capital (RAND) -6%. CoreCivic (CXW) -6%. Pennsylvania Real Estate Investment Trust (PEI) ...

PREIT Executes 90,000 Square Foot Lease for Self Storage Facility at Mall at Prince George's Transaction highlights PREITs ingenuity in transforming underutilized space, that had never been occupied before, and delivering a broad array of uses PR Newswire PHILA...

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...