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krblokhin/iStock Editorial via Getty Images Checking in on how REIT stocks fared year to date, as a group, retail REITs produced the best total returns with a 34% return, as measured by the S&P Composite 1500 Retail REITs Index (magenta line in chart below) followed by the 30% return gene...
U.S. equity markets were mixed this past week as better-than-expected housing market data and "Goldilocks" employment data were offset by ongoing COVID concerns abroad over the "Delta" variant. Setting fresh record highs on seven straight days - the longest streak since 1997 - the S&a...
PREIT Schedules Second Quarter 2021 Earnings Release and Conference Call PR Newswire PHILADELPHIA , July 1, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2021 before market trading beg...
PREIT Completes Key Steps in Extending Debt Maturities Closes over $172 million in mortgage loans secured by four properties PR Newswire PHILADELPHIA , July 1, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate owner and developer, redefining ...
Pennsylvania Real Estate Investment Trust is an interesting case study for how restructuring can be used to improve a company's lifeline without harming shareholders. The company is an interesting prospect, but there's a great deal of uncertainty over when its pain will stop and it wi...
U.S. equity markets rebounded following the worst week since February on promises of bipartisan progress on a significantly slimmed-down infrastructure package, reflecting concern that additional stimulus could further inflame inflation. Delivering its best week since February and clo...
Gainers: X Financial (XYF) +22%. Vericity (VERY) +18%. Altisource Portfolio Solutions (ASPS) +17%. Security National Financial (SNFCA) +14%. Atlanticus Holdings (ATLC) +9%.Losers: Washington Prime Group (WPG) -6%. Grupo Supervielle (SUPV) -6%. Pennsylvania Real Estate Investment Trust (PEI) -...
The COVID-19 pandemic crushed mall traffic last year, driving huge drops in occupancy rates, revenue, and cash rent collections for most mall owners. This tough economic backdrop -- combined with high debt levels -- has forced three U.S. mall REITs to file for bankruptcy since the pande...
Gainers: Pennsylvania Real Estate Investment Trust (PEI) +15%. Xinyuan Real Estate (XIN) +9%. UP Fintech Holding (TIGR) +9%. Cedar Realty Trust (CDR) +8%. Fintech Acquisition (FTIV) +7%.Losers: Global Self Storage (SELF) -12%. For further details see: Xinyuan Real Estate and UP Fintech ...
Tony Anderson/DigitalVision via Getty Images Pennsylvania Real Estate Investment Trust (PEI) highlights the strong recovery and continued optimism for its mall portfolio in May, as economies continue to ease pandemic restrictions. Shares of PEI surge 12% following the report. On ave...
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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...