PEI News and Press, Pennsylvania Real Estate Investment Trust From 05/06/21

Pennsylvania Real Estate Investment Trust (PEI) Q1 2021 Earnings Conference Call May 06, 2021, 11:00 ET Company Participants Heather Crowell - EVP, Strategy & Communications Joseph Coradino - Chairman & CEO Mario Ventresca - EVP & CFO Conference Call Participants Presentation Oper...

PREIT (PEI): Q1 GAAP EPS of -$0.64.Revenue of $65.4M (-11.9% Y/Y)Same Store NOI, excluding lease termination revenue, decreased 21.2% and exceeded 140% of monthly billings during April as collection of deferred rents continued to accelerate.Cash collections continued to improve, increasi...

PREIT Reports First Quarter 2021 Results Year-to-Date Leasing Volume Over 500% Greater Than Full Year 2020 and 35% Ahead of Full Year 2019 Liquidity Profile Continues to Improve; Total Liquidity of $103.6 Million at End of First Quarter Traffic approaching pre-COVID leve...

Netflix has been one of the best-performing investments of the past decade, and its growth only accelerated in 2020. Many investors were quick to extrapolate this recent growth far into the future, but we think it is a mistake. As we put the crisis behind us, Netflix will face gre...

Green Street is one of the leading advocates of using net asset value to evaluate REITs. There’s a significant new discovery to find in Simon Property Group. It’s worth every penny of its current $150 per share – and possibly closer to $200. For further ...

Most investors that put money into Real Estate are doing so thanks to the sector's classic attributes: tangible assets, relative safety, high yield, and protection against inflation. At the moment, the market is allowing investors to benefit from a unique risk/reward situation: Taking...

PREIT Schedules First Quarter 2021 Earnings Release and Conference Call PR Newswire PHILADELPHIA , April 28, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending March 31, 2021 after market trading closes...

Pennsylvania Real Estate Investment Trust (PEI) trades 2.2% higher premarket after reporting that during Q1 it executed transactions to occupy ~600K sq.ft. of space which compares to 100K sq.ft. in whole of 2020; represents a 35% increase over new space leased in all ...

PREIT Reports Robust Leasing Activity Growth as it Welcomes New Tenants to Diverse Portfolio Over 500 percent growth in leasing thus far in 2021, as compared to full year 2020 PR Newswire PHILADELPHIA , April 28, 2021 /PRNewswire/ -- PREIT (NYSE: PEI),&#x...

U.S. equity markets closed on the cusp of record highs as a strong slate of housing data and corporate earnings reports offset concerns over President Biden's proposed capital gains tax hike. Narrowly snapping a four-week winning streak, the S&P 500 finished lower by 0.1% on the w...