PEI News and Press, Pennsylvania Real Estate Investment Trust From 08/01/21

U.S. equity markets were mixed this week as disappointing "big tech" earnings and concerns over controversial COVID vaccine and mask mandates were offset by historically strong earnings results from domestic-focused companies. Retreating from the record-highs set last week, ...

We're now at the halfway point of another newsworthy real estate earnings season. Results have so far been as impressive as any REIT earnings season in recent memory. Roughly 95% of REITs have topped consensus earnings estimates, and of the 44 REITs that provide full-year funds from o...

PREIT's Woodland Mall to Relaunch Movie Theatre with Phoenix Theatres Michigan-Based Company's Investment to Bring Back First-Run Films with First-Class Amenities Highlights Appeal of Redeveloped Woodland Mall PR Newswire PHILADELPHIA , July 27, 2021 /PRNewsw...

U.S. equity markets rebounded from an early-week dive as investors shrugged-off COVID concerns following a historically strong start to corporate earnings season and better-than-expected housing market data. "American Exceptionalism" was the theme as COVID concerns across internationa...

Gainers: Silvergate Capital (SI) +14%. Pennsylvania Real Estate Investment Trust (PEI) +13%. PacWest Bancorp (PACW) +11%. American Realty Investors (ARL) +10%. Nam Tai Property (NTP) +10%.Losers: X Financial (XYF) -12%. 360 DigiTech (QFIN) -7%. For further details see: Silvergate Capita...

U.S. equity markets retreated from record highs this past week, pressured by renewed COVID concerns and hotter-than-expected inflation data showing the fastest rise in consumer and producer prices in decades. The S&P 500 declined by 1.0% on the week while Mid-Caps and Small-Caps s...

PREIT Builds Momentum With Industry-Leading Anchor Repositioning Program All Core Mall Anchor Spaces Leased or at Lease The Company highlights success of its robust multi-year, strategic anchor repositioning More than 3 Dozen Tenants Replace 19 Former Department Stores ...

U.S. equity markets were mixed on a volatile holiday-shortened trading week as renewed concerns over the spread of COVID variants and downbeat economic data pulled global sovereign yields to five-month lows. Climbing for the third-straight week and closing at record highs, t...

While concerns over the COVID-19 Delta variant and its potential to slow the recovery put pressure on the major U.S. stock averages, and retail stocks in particular, investors don't seem as worried over mall and hotel REITs.The big mall operators are mostly in the green: Simon Property G...

krblokhin/iStock Editorial via Getty Images Checking in on how REIT stocks fared year to date, as a group, retail REITs produced the best total returns with a 34% return, as measured by the S&P Composite 1500 Retail REITs Index (magenta line in chart below) followed by the 30% return gene...