PEI News and Press, Pennsylvania Real Estate Investment Trust From 03/14/22

PREIT (NYSE:PEI) saw its Q4 non-GAAP per-share funds from operations improve to a profit compared with losses in both the previous and year-ago quarters as occupancy improved, rents rose, and credit losses narrowed. The shopping mall owner said Q4 adjusted FFO per share of $0.17 improved...

PREIT Reports Fourth Quarter and Full Year 2021 Results PR Newswire Core Mall Sales Per Square Foot Reach $614 in January, up from $603 at Year End Cherry Hill Mall Sales Near $1,000 per square foot Strong Total Core Mall Leased Space at 94....

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Unlike their mall REIT peers, Shopping Center REITs entered 2022 with fundamentals that are as strong- or possibly even stronger- than before the pandemic with a full recovery now complete. Occupancy rate trends and leasing spreads have been especially impressive with rents rising by ...

PREIT Opens Q&A Platform for Shareholders Ahead of Fourth Quarter 2021 Earnings Call PREIT Opens Q&A Platform for Shareholders Ahead of Fourth Quarter 2021 Earnings Call PR Newswire PHILADELPHIA , March 8, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), ...

U.S. equity markets finished lower on another turbulent week as the Russian invasion of Ukraine triggered a historic surge in commodities prices and sparked a bid for safe-haven domestic assets. Now having declined in six of the nine weeks of 2022, the S&P 500 declined 1.3%, back ...

CYGNUS CAPITAL, INC. ISSUES OPEN LETTER TO SHAREHOLDERS OF PENNSYLVANIA REAL ESTATE INVESTMENT TRUST Nominates Two Highly Qualified Professionals to Serve as Preferred Stock Trustees PR Newswire ATLANTA , Feb. 28, 2022 /PRNewswire/ -- Cygnus Capital, Inc...

Signs of Life: Mall REITs were the best-performing REIT sector in 2022 - nearly doubling in value amid hopeful signs of stabilizing fundamentals - snapping a dreadful six-year-long streak of underperformance. Last Man Standing? The lower-end mall segment was hollowed out by the pandem...

Cherry Hill Mall Establishes New Level of Prestige with Forthcoming Retail and Dining Offerings 20 New Tenants in Over 50,000 Square Feet Signed in Past Year Demonstrates Strength of In-Person Experience at Top Tier Centers PR Newswire PHILADELPHIA , Feb. 22, 2...