PEI News and Press, Pennsylvania Real Estate Investment Trust From 01/31/22

PREIT Core Mall Sales Traverse $600 per Square Foot Milestone PR Newswire PHILADELPHIA , Jan. 31, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, ann...

PREIT Reports Strong Sales and Holiday Traffic and Progress on Key Strategic Initiatives Robust Holiday Shopper Traffic Resulted in October and November Monthly Sales Increase of 9.3% and 6.1% Rolling 12-Month Portfolio Sales Per Square Foot Now Approaching $600 PREIT ha...

I thought it would be fun to publish my 2022 REIT Resolutions. Please let me know if any of these are included on your list! Most importantly, always remember rule #1. Happy REIT investing! For further details see: 10 New Year's REIT Resolutions

Demand for retail space improved in Q3, with net absorption rising to 30.2M square feet, the highest level since Q4 2017,  Research Economist Brandon Hardin said on the National Association Realtors blog. Oct. 1 to Dec. 9, net absorption of retail space totaled 17.9M square feet, wi...

REITs have only had negative total returns in 2 of the first 11 months of 2021, including November’s -3.90% average return. Large-cap (-1.41%) and mid-cap REITs (-3.61%) outperformed with only modest share price declines, while micro caps (-7.49%) suffered heavier losses. O...

PREIT Makes Meaningful Progress on Key Balance Sheet Improvement Initiatives, Securing Extension of Woodland Mall Mortgage and Unappealable Approval on Multi-Family Development at Moorestown Mall Successful 2019 redevelopment of Woodland Mall supports valuation; Secured tax ince...

Bouncing back from punishing pandemic-related declines, Shopping Center REITs are on the cusp of a full recovery across all critical metrics but Omicron introduces fresh uncertainty and also potential opportunity. The retail landscape has improved dramatically this year. Retail sales ...

U.S. equity markets declined on a volatile Thanksgiving week as concerns over an emerging COVID variant triggered a fresh wave of economic restrictions and travel restrictions across Europe and Asia. Capping-off the choppy week with the worst single-day decline since February, the S&a...

Online Darlings Warby Parker and Amazon 4-Star Set to Open at PREIT's Cherry Hill Mall in 2022 Validates resurgence of consumer demand for in-person retail experiences PR Newswire PHILADELPHIA , Nov. 17, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real ...

PREIT common and preferred shares have plunged in value since the REIT's Q3 earnings report. While PREIT's results weren't quite as strong as in Q2, its properties are still on their way back to full occupancy, and rents appear to be firming up. Management says it expects to close...