PEI News and Press, Pennsylvania Real Estate Investment Trust From 06/09/22

Four Corners Property Trust (NYSE:FCPT) said Thursday it will buy 11 outparcel properties from PREIT (PEI) for $32.5M. The deal is priced at a 6.5% going-in cash cap rate, exclusive of transaction costs. The portfolio includes 8 single tenant restaurant properties and 3 non-restaurant retail ...

PREITs Premier Properties Continue to Grow Sales in the Face of Macro Headwinds PR Newswire Portfolio Quality Underscored by April Sales and Strong Leasing Activity at Key Assets PHILADELPHIA , June 9, 2022 /PRNewswire/ -- PREIT (NYSE: PE...

Following their best week since November 2020, U.S. equity markets slipped this past week as China's apparent emergence from COVID lockdown lifted global benchmark interest rates and commodities prices. Persistently elevated energy prices - the 'fuel' of stagflation - remain the most ...

Shopping Center REITs are the second-best performing major property sector this year - significantly outpacing their mall REIT peers, despite the recent "retail rout" and moderation in stimulus-fueled retail spending trends. After a surge in store closings during the pandemic, the num...

Pennsylvania Real Estate Investment Trust or PREIT (NYSE:PEI) executes purchase and sale agreement for 11 outparcels that will generate gross proceeds in excess of $32M. The company also executed an agreement of sale for a vacant parcel at Springfield Town Center set to be...

PREIT Executes Purchase and Sale Agreements for $35 million PR Newswire Agreement of Sale for 11 outparcels fully executed Purchase and Sale Agreement for the hotel at Springfield Town Center fully executed for $2.5 million PHILADELPHIA , ...

One step forward, one back. After nearly doubling in value last year, Mall REITs have been the worst-performing major property sector in 2022 as the stimulus-fueled retail strength has stalled. The tech wreck has spilled over to become the retail wreck in recent weeks. Retail stocks a...

U.S. equity markets declined for the sixth-straight week after hotter-than-expected inflation reports failed to show significant signs of easing and kept the "pedal to the metal" for Fed monetary tightening. Flirting with "bear-market" territory before paring its declines later in the...

Nearly 200 REITs have reported earnings results over the past three weeks, providing critical information on the state of the real estate industry amid the extreme volatility in early 2022. Results were generally better-than-expected with roughly 85% of equity REITs beating consensus ...

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...