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Pennsylvania REIT (PEI) received letters from lenders regarding alleged events of default related to its seven-year term loan agreement, its restated revolving/term loan credit agreement, and its bridge credit agreement.It also received a letter from consenting lenders under its restructuring...
U.S. equity markets were mixed this week as better-than-expected economic data and strong corporate earnings results were offset by continued coronavirus concerns and frustration over the ongoing stimulus stalemate. Snapping a three-week winning streak, the S&P 500 ended the ...
EPR Properties shares have been hammered, falling more than 66% year to date versus -14% for the Vanguard Real Estate ETF. Whitestone REIT is another beaten-down REIT that’s seen shares fall by 55% year to date. Preferred Apartment, for its part, is down 59%. And Pennsy...
Who paid the rent? Real estate earnings season kicks off this week with more than 200 REITs and housing industry companies reporting earnings over the next month. Rent collection - a metric that was rarely reported in the pre-COVID-19 era - has become the most critical statistic track...
U.S. equity markets finished flat this week as better-than-expected economic data and earnings results were offset by a continued fiscal stalemate and pressure on technology stocks amid a censorship controversy. The S&P 500 managed to eke out a 0.1% gain this week. The Nasdaq 100 ...
Mall owners were already feeling pressure from changing consumer shopping habits before the COVID-19 pandemic. The pandemic magnified their problems , forcing many malls to close for months, decimating traffic to reopened properties, and driving numerous retailers to permanently close w...
PREIT (PEI) reaches an agreement with 80% of its bank lenders under which the banks would provide an additional $150M to recapitalize the business and extend its debt maturity schedule.The company's current pool of unencumbered assets will serve as collateral for the facility, where...
PREIT Reaches Agreement with Approximately 80% of its Lenders to Recapitalize Business Infusion of $150 Million of New Capital Will Enable Continued Investment in Successful Ongoing Business Initiatives Portfolio Remains Fully Operational and Substantially Re-Occupied Co...
Publicly-held real estate securities can be used to establish the equivalent of a long term real estate portfolio. This approach is intended to take on the characteristics of real estate investing as opposed to focusing on market timing and an agility to take quick profit. At pres...
U.S. equity markets delivered their strongest week in three months, driven by solid economic data and renewed hope for a compromise on the ever-elusive fiscal stimulus deal. Following gains of 1.6% last week, the S&P 500 surged 3.9% this week, climbing back within 3% of all-time h...
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PREIT Announces Plan to Commence Trading on OTC Markets PR Newswire Trust has Applied to OTCQX® PHILADELPHIA , Dec. 15, 2022 /PRNewswire/ -- PREIT announced today that it intends to transfer the trading of its shares to the OTC Markets, operated...
PREIT Portfolio Continues to Attract a Broad Range of New Tenants PR Newswire Attractive Properties Build on Momentum of 2021 Record New Leasing and nearly 5% YOY Occupancy Growth PHILADELPHIA , Dec. 14, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today annou...
PREIT Receives Approvals for 460 Apartments and 165 Room Hotel at Springfield Town Center PR Newswire PHILADELPHIA , Dec. 13, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, announced that it has obtained unanimous approval from the Fairfax County Board of Supervi...