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Climbing collection rates bode well for retail-focused REITs, as the owners of open-air shopping centers, enclosed malls, and other retail assets claw their way back from May's trough, writes Odeon Capital analyst Alex Arnold.And investors have noticed. Retail REIT shares, on the whole, have ...
U.S. equity markets climbed to fresh record highs on the Thanksgiving-shortened week as strong housing data, positive vaccine developments, and "market-friendly" Cabinet picks offset ongoing COVID concerns. Pushing its November gains to over 11%, the S&P 500 rallied another 2...
Gainers: Newborn Acquisition (NBAC) +58%. Dunxin Financial Holdings (DXF) +21%. RMG Acquisition (RMG) +10%. Kensington Capital Acquisition (KCAC) +12%. Harvest Capital Credit (HCAP) +11%.Losers: Ashford Hospitality Trust (AHT) -17%. Washington Prime Group (WPG) -13%. Pennsylvania Real Estate ...
Despite small overall retail sales gains in October, spending trends have weakened significantly in recent weeks, abruptly reversing the strong retail recovery in physical stores. Sales in shopping centers are poised to decline again this autumn and winter, particularly in restaurants...
The Great Financial Crisis of the prior decade resulted in long-term lingering pain for the commercial real estate sector. For REITs, "this time has been different," both for better and worse. The pandemic has resulted in a sharp plunge in property-level metrics that dwarfs that ...
REITs that suffered the most from the pandemic are getting another boost with the news that another COVID-19 vaccine candidate will be submitted for emergency use authorization in the coming weeks.On a broad scale, the Vanguard Real Estate ETF (VNQ) gains 1.9% in premarket trading.S...
Recently we learned that two mall real estate investment trusts, or REITs, declared bankruptcy after the COVID-19 pandemic decimated their already-fragile businesses. Pennsylvania Real Estate Investment Trust (NYSE: PEI) and CBL & Associates (NYSE: CBL) were the first tw...
The REIT sector has now endured losses in 7 of the first 10 months of 2020, with a -2.69% total return in October. Small-cap REITs were the hardest hit in October with an average return of -3.46%, while micro caps remained flat with an average return of -0.02%. Only 26.67% of REIT...
U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...
Pennsylvania REIT filed for Chapter 11 bankruptcy on November 1. This has led many to assume that shareholders will immediately lose ownership and even that the REIT may liquidate. Neither of these is the case at present. For further details see: The Artificial Bankruptc...
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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...