PEI News and Press, Pennsylvania Real Estate Investment Trust From 09/24/21

Morningstar expects the U.S. GDP to increase about 6% this year, moderating to 4.3% in 2022, said Morningstar Senior Equity Analyst Preston Caldwell during at session called "Investing in Strange Times: 2020's Implications for Long-Term Investors." That's similar to Federal Reserve'...

PREIT to Present at the Shareholder Equity Conference PR Newswire PHILADELPHIA , Sept. 22, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today announced that management will present at the Shareholder Equity Conference, held virtually, on Monday, September 27, 20...

Big Box Is Back: The COVID pandemic has radically transformed consumer spending habits - perhaps permanently - shifting spending towards goods over services and towards larger-format retailers over smaller shops. While enclosed regional malls face a long and uncertain road to recovery...

To kick off a seasonally volatile month of the year, the stock market continues to be lead by banks, big tech, and emerging markets. The Nasdaq (COMP.IND) +0.33% continues to lead the rally, with the S&P 500 (SP500) +0.03% largely flat. Caterpillar (NYSE:CAT) and Chevr...

Gainers: Washington Prime Group (NYSE:WPG) +18%. Futu Holdings (NASDAQ:FUTU) +15%. Pennsylvania Real Estate Investment Trust (NYSE:PEI) +14%. KE Holdings (NYSE:BEKE) +13%. SelectQuote (NYSE:SLQT) +12%. Losers: Atlanticus Holdings (NASDAQ:ATLC) -7%. For further details see: Washington Pr...

U.S. equity markets advanced to fresh record-highs this week as dovish Fed commentary, strong housing data, and signs of a COVID apex offset geopolitical concerns following a deadly attack in Afghanistan. Capping off the week with its 52nd record closing high - the most in a sing...

PREIT Core Mall Sales Increase 17% in July to Kickoff Back-To-School Season PREIT Powers Its Communities with Back-to-School Activations and Incentives Tenants, Communities and Shoppers are Beneficiaries PR Newswire PHILADELPHIA , Aug. 23, 2021 /PRNewswir...

U.S. equity markets retreated on a choppy week after a downbeat slate of economic data heightened concern that the recent COVID resurgence could stall or reverse the global economic reopenings. Exhibiting a reversion back to the "stay at home" trading patterns, the large-cap S&am...

By now, most REITs have fully recovered from the pandemic, but Clipper Realty is still priced at a 40% discount. This is quite spectacular when you consider that Clipper is a REIT that owns highly desirable apartment communities in Manhattan and Brooklyn. The risks are higher than...

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...