PEI News and Press, Pennsylvania Real Estate Investment Trust From 03/11/21

PREIT Reports Fourth Quarter and Full Year 2020 Results Core Mall Total Leased Space reached 91.5% Four Anchor Replacement Transactions Executed Traffic approaching pre-COVID levels across portfolio PR Newswire PHILADELPHIA , March 11, 2021 /PRNewswir...

Too far, too fast? Shopping Center REITs have continued their post-vaccine resurgence into early 2021, surging another 30% this year and pushing stock prices back near pre-pandemic levels. Shopping center REITs fared far better than their enclosed mall peers but still reported an aver...

Overshadowed by concerns about rising interest rates, a frenzy of real estate earnings reports over the last month have provided critical information on the state of the real estate industry. Roughly two-thirds of the 170 equity REITs in our coverage universe beat consensus FFO estima...

Gainers: Dragon Victory International (LYL) +21%. MBIA (MBI) +20%. Pennsylvania Real Estate Investment Trust (PEI) +18%. OP Bancorp (OPBK) +16%.Losers: KE Holdings (BEKE) -12%. UP Fintech Holding (TIGR) -10%. First Bank (FRBA) -8%. Washington Prime Group (WPG) -8%. For further details ...

Mall, shopping center, office, and hotel REIT stocks climb after Texas becomes the latest and biggest state to drop its mask mandate and allow businesses to reopen at full capacity.Governors of Michigan, Mississippi and Louisiana have also eased restrictions on b...

PREIT Schedules Fourth Quarter 2020 Earnings Release and Conference Call PR Newswire PHILADELPHIA , Feb. 25, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending December 31, 2020 after market trading clo...

PREIT Launches Initiative to "Support Black-Owned Business and Brands 365" PR Newswire PHILADELPHIA , Feb. 22, 2021 /PRNewswire/ -- PREIT (NYSE:PEI) is making it easier for customers throughout its portfolio to support Black-owned businesses and brands all year t...

U.S. equity markets retreated from all-time-highs this week as interest rates and inflation expectations jumped to mid-pandemic highs amid a Southern 'Deep Freeze' and a slate of strong economic data. Declining on all four trading days this week, the S&P 500 retreated by 0.7% this...

A lot of investors believe that REITs are riskier than rental properties. But once you dig into the fundamentals, you find that the opposite is true. REITs are diversified, conservatively financed, liquid, professionally managed, and offer limited liability. Rentals are concen...

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...