PEI News and Press, Pennsylvania Real Estate Investment Trust From 03/23/21

RQI is one of the top REIT funds on the market, though discount levels are putting the fund at 'Hold' levels. Interest rates can put pressure on REITs; however, real estate is also a natural hedge against inflation in some cases. Investors can look forward to collecting their dist...

U.S. equity markets finished modestly lower on a choppy week as assurances from the Fed of a "lower-for-longer" policy regime didn't slow the continued march higher in long-term interest rates. Retreating from record closing highs last week, the S&P 500 declined by 1.2% this past ...

Our portfolios were pretty well-placed entering the pandemic period. We were even then maintaining “underweight positioning with mall REITs and shopping center REITs… recognizing that there are still many retailers rightsizing their portfolios." Investing in REITs in...

From Bad to Worse. Before the pandemic, we warned that several mall REITs were "one recession from extinction." Two REITs have since entered bankruptcy and a third is close behind. Pushed over the edge by the pandemic, mall REITs entered 2020 on already unstable footing following a ts...

The Great Financial Crisis resulted in long-term, lasting pain for the real estate sector, but "this time was different" for most REITs due to harsh lessons learned from past crises. Despite early struggles with rent collection, REITs' strong balance sheets and access-to-capital preve...

U.S. equity markets rallied to fresh record-highs after muted inflation data temporarily curbed concerns about an "overheating" economy ahead of the deployment of another massive round of stimulus. The "reopening trade" gave way to the "American exceptionalism" trade this week as...

Pennsylvania Real Estate Investment Trust (PEI) Q4 2020 Earnings Conference Call March 12, 2021 11:00 AM ET Company Participants Heather Crowell - EVP of Strategy and Communications Joe Coradino - Chairman and Chief Executive Officer Mario Ventresca - Chief Financial Officer Conference Call P...

PREIT (PEI) Q4 same-store net operating income was hurt by a decrease in revenue of $22.1M, mostly from bankruptcies and related store closings, an increase in credit losses for struggling tenants, and a decreased percentage sales revenue from COVID-19 restrictions.Q4 same-store NOI, includin...

PREIT (PEI): Q4 FFO of -$0.22 misses by $0.38; Adj. FFO of -$0.13Revenue of $66.62M (-24.9% Y/Y)The Company is not issuing detailed guidance at this time.Press Release For further details see: PREIT FFO misses by $0.38

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...