PEI News and Press, Pennsylvania Real Estate Investment Trust From 05/08/22

U.S. equity markets declined for a fifth-straight week - the worst losing streak since 2012 - after the Federal Reserve delivered a double rate-hike that flared intense volatility but didn't ease stagflation worries. Off to its worst start to a year since 1939, the S&P 500 decline...

Pennsylvania Real Estate Investment Trust (PEI) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Heather Crowell - Executive Vice President, Strategy & Communications Joe Coradino - Chairman & Chief Executive Officer Mario Ventresca - Executive Vice Presid...

PREIT press release (NYSE:PEI): Q1 GAAP EPS of -$0.49; FFO of -$0.01. Revenue of $69.44M (+6.2% Y/Y). The Company is not issuing detailed guidance at this time. For further details see: PREIT GAAP EPS of -$0.49, revenue of $69.44M

PREIT Reports First Quarter 2022 Results PR Newswire Core Mall Sales Per Square Foot Reach $613 in March, up from $603 at Year End Strong Leasing Activity Resulted in Core Mall Leased Space at 94.0% Asset Sales in Process Increased t...

PREIT Schedules First Quarter 2022 Earnings Release and Conference Call PR Newswire PHILADELPHIA , April 28, 2022 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending March 31, 2022 before market trading be...

Simon Property Group is the only A-rated mall REIT and we consider this dominant REIT to be an absolute gem. Our most likely model has Simon Property stock returning 25% over the next 12 months. We just doubled down on SPG stock within the Durable Income Portfolio (from 2% exposur...

After back-to-back negative return months at the start of the year, REITs began the recovery process in March with a +4.93% total return. Large cap (+6.83%), small cap (+5.48%) and mid cap REITs (+5.31%) outperformed, whereas micro caps (-4.30%) fell sharply. 86.71% of REIT securi...

ONL's portfolio is one of the worst to own in 2022. Single-tenant office buildings are very risky as leases expire. The recent dividend announcement signals a lot more problems ahead. For further details see: Orion Office REIT: Get Out While You Still Can

PREIT's NOI almost completely recovered compared to 2019 in the fourth quarter of 2021. Despite this big improvement in operating performance, PREIT shares have continued sinking due to the REIT's lack of progress on debt reduction. PREIT has a solid pipeline of asset sales likely...

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...