PEI News and Press, Pennsylvania Real Estate Investment Trust From 05/25/21

REITs extended their 2021 winning streak yet again with a +6.2% average total return in April. Large cap REITs (+8.78%) outperformed again in April, while micro caps (-0.70%) declined for the second month in a row. Eighty-nine percent of REIT securities had a positive total r...

REITs recorded a sequential improvement across all critical metrics in Q1, powering a historic wave of dividend growth in early 2021. However, several harder-hit property sectors are far from fully-recovered. The Great Financial Crisis resulted in long-term, lasting pain for the real ...

Despite reporting record-low occupancy rates and rental rate spreads, mall REITs have been the best-performing property sector this year, riding the vaccine-driven reopening rotation to gains of more than 40%. "A traumatic time for our company." Reflecting on an epic plunge ...

PREIT and Cooper University Health Care Finalize Transaction for Moorestown Location 165,000 square foot premier outpatient facility highlights the Company's innovation in expanding its appeal to new occupants PR Newswire PHILADELPHIA , May 19, 2021 /PRNewswi...

Overshadowed by concerns about rising inflation, a frenzy of real estate earnings reports over the last month has provided critical information on the state of the real estate industry. Results were better than expected across most major property sectors with roughly 80% of the 170 eq...

Pennsylvania Real Estate Investment Trust or PREIT (PEI) signed a new lease for a fulfillment center at Cumberland Mall in Vineland, NJ; the facility will soon occupy the former Burlington space delivering a new source of non-retail revenue."This latest addition ...

PREIT Executes 80,000 Square Foot Fulfillment Center at Cumberland Mall Transaction highlights PREITs continued success in anchor repositioning to offer more uses PR Newswire PHILADELPHIA , May 13, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading o...

Pennsylvania Real Estate Investment Trust (NYSE: PEI) survived a brief trip through bankruptcy in late 2020. However, it emerged with as much debt as ever. And with the COVID-19 pandemic still weighing on a wide variety of retail tenants, the mall owner remains in precarious positio...

U.S. equity markets finished broadly higher this past week despite employment data and corporate commentary suggesting a fast-developing labor shortage, one of several notable shortages emerging during post-pandemic economic reopenings. Finishing at fresh record-highs, the S&...

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...