PEI News and Press, Pennsylvania Real Estate Investment Trust From 04/03/22

U.S. equity markets advanced for the third-straight week as solid employment data relieved some immediate recession concerns, but kept the pressure on the Federal Reserve to maintain its hawkish pivot. Gaining for the third-straight week- but still positing its worst quarterly perform...

In a backdrop of consumer price inflation surging at multi-decade highs, the historic acceleration in U.S. home prices since the onset of the COVID-19 pandemic is "out of step" with market fundamentals, according to a blog post by the Federal Reserve Bank of Dallas.  “Our evi...

It's April Fool's Day so I wanted to provide you with three so-called sucker yield stocks. While I did not coin the term "sucker yield," it essentially means that the yield is too good to be true. When you buy a sucker yield stock, you are essentially gambling that you will get yo...

Pennsylvania Real Estate Investment Trust or PREIT (NYSE:PEI) reported February core mall comparable sales per sq. foot peaked to an all-time high at $618 with 60% of portfolio generating sales productivity in excess of $550/sq. foot. With existing tenants open across the portfolio, there are...

PREIT Experiences Substantial Operating Momentum PR Newswire Core Mall Comparable Sales Reach Record-High $618 per square foot PHILADELPHIA , March 29, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) (the "Company"), a leading real estate investme...

PREIT Endorses Shareholder Nominations for Two New Independent Trustees as Representatives for Preferred Shareholders PR Newswire Christopher Swann and Kenneth Hart to Stand for Election by Preferred Shareholders at 2022 Annual Meeting of Shareholders P...

U.S. equity markets posted their best weekly gains since November 2020 after the Federal Reserve hiked interest rates for the first time since 2018 and indicated an aggressive stance to combat inflation. Bouncing back from its lowest weekly close since June-2021, the S&P 500 ralli...

Pennsylvania Real Estate Investment Trust (PEI) Q4 2021 Earnings Conference Call March 15, 2022 11:00 AM ET Company Participants Heather Crowell - Executive Vice President of Strategy and Communications Joe Coradino - Chairman and Chief Executive Officer Mario Ventresca - Executive Vice Presi...

PREIT press release (NYSE:PEI): Q4 GAAP EPS of -$0.43; FFO of $0.17 Revenue of $85.17M (+27.8% Y/Y). Same Store NOI, excluding lease termination revenue, increased 52.5% for the three months ended December 31, 2021 compared to the three months ended December 31, 2020. Total Occupancy increasi...

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...