PEI News and Press, Pennsylvania Real Estate Investment Trust From 08/20/21

Glimmers of hope were beginning to emerge for the battered mall REIT sector, which has soared 50% this year on signs of stabilizing in occupancy rates and normalizing rent collection. Net Operating Income surged more than 40% in Q2 - albeit from easy comps - driven by a recovery in re...

In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REIT company-level metrics have exhibited a substantial rebound over the last year as FFO and dividends...

PREIT's NOI came roaring back last quarter, nearly reaching pre-pandemic levels. June sales per square foot for PREIT's small-shop tenants surged 16% relative to June 2019. With shoppers returning in droves, tenants are signing leases at the fastest pace in years. This will allow ...

U.S. equity markets climbed to fresh record highs this past week as better-than-expected employment data eased some concern over threats of another potential wave of COVID-related economic restrictions. The U.S. economy added 942k jobs in July, while continuing jobless claims fel...

The following slide deck was published by Pennsylvania Real Estate Investment Trust in conjunction with their 2021 Q2 earnings call. For further details see: Pennsylvania Real Estate Investment Trust 2021 Q2 - Results - Earnings Call Presentation

REIT earnings season has provided critical information on the state of the real estate industry - a much-needed check-in amid fears of a potential "fourth wave" of the COVID pandemic. Results were significantly better-than-expected with roughly 95% of equity REITs beating consensus FF...

Pennsylvania Real Estate Investment Trust (PEI) Q2 2021 Earnings Conference Call August 5, 2021 11:00 AM ET Company Participants Heather Crowell - EVP, Strategy & Communications Joe Coradino - Chairman & Chief Executive Officer Mario Ventresca - Chief Financial Officer Conference Call...

PREIT (NYSE:PEI): Q2 FFO of $0.10. Revenue of $74.11M (+30.5% Y/Y) June Sales for Comparable Tenants Increase 16% over June 2019 Total Core Mall Leased Space Improved to 92.6% Press Release For further details see: PREIT reports Q2 results

PREIT Reports Second Quarter 2021 Results Year-to-Date Leasing Pipeline Exceeds That of Past Five Years Liquidity Profile Continues to Improve; Total Liquidity of $104.9 Million at End of Second Quarter June Sales for Comparable Tenants Increase 16% over June 2019 To...

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, ...