Last $24.56 USD
Change Today -0.14 / -0.57%
Volume 392.6K
PEI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

penn real estate invest tst (PEI) Snapshot

Open
$24.74
Previous Close
$24.70
Day High
$24.83
Day Low
$24.50
52 Week High
01/15/15 - $25.19
52 Week Low
04/29/14 - $16.35
Market Cap
1.7B
Average Volume 10 Days
731.3K
EPS TTM
$-0.24
Shares Outstanding
68.8M
EX-Date
11/26/14
P/E TM
--
Dividend
$0.80
Dividend Yield
3.26%
Current Stock Chart for PENN REAL ESTATE INVEST TST (PEI)

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penn real estate invest tst (PEI) Details

Pennsylvania Real Estate Investment Trust (PREIT) is a publicly owned equity real estate investment trust. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It also provides management, leasing, and development services to affiliate and third party property owners. Pennsylvania Real Estate Investment Trust was founded in 1960 and is based in Philadelphia, Pennsylvania.

610 Employees
Last Reported Date: 02/28/14
Founded in 1960

penn real estate invest tst (PEI) Top Compensated Officers

Chief Executive Officer, Member of Office of ...
Total Annual Compensation: $900.0K
Executive Chairman
Total Annual Compensation: $675.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $467.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $450.2K
Compensation as of Fiscal Year 2013.

penn real estate invest tst (PEI) Key Developments

PEI Identifies Five Properties Up For Sale

Pennsylvania Real Estate Investment Trust (NYSE:PEI) (‘PEI’) announced that it has identified five properties in Pennsylvania that it will seek to divest in 2015. The properties are Palmer Park Mall in Easton, Uniontown Mall in Uniontown, Lycoming Mall in Williamsport, Washington Crown Center in Washington and Springfield Park in Springfield. "We continue to be extremely effective in executing on our ongoing disposition program as demonstrated by the number of dispositions we completed in 2014. Through our disciplined and strategic disposition program, we are transforming our portfolio and enhancing value for shareholders as evidenced by the more than 28% return our investors enjoyed in 2014. By proactively marketing additional assets for sale in 2015, we are confident that we are taking the right steps to continue a portfolio transformation that will set us apart from our peers while generating significant proceeds to further upgrade our core, high-quality properties.” said Joseph F. Coradino, Chief Executive Officer of PEI.

Pennsylvania Real Estate Investment Trust Seeks Acquisitions

Pennsylvania Real Estate Investment Trust (NYSE:PEI) has filed a shelf registration in the amount of $1 billion. Pennsylvania Real Estate said, "We intend to use the net proceeds of any sale of securities for the acquisition, development and improvement of properties, repayment of indebtedness, capital expenditures, working capital, and other general corporate purposes."

Pennsylvania Real Estate Investment Trust Declares Quarterly Dividend for Common and Preferred Shares Payable on December 15, 2014

Pennsylvania Real Estate Investment Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on December 15, 2014 to common shareholders of record on December 1, 2014. The company also announced that its Board of Trustees has declared quarterly cash dividends of $0.515625 per share on its 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares and $0.460938 per share on its 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares. These dividends are payable on December 15, 2014 to holders of record on December 1, 2014.

 

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To contact PENN REAL ESTATE INVEST TST, please visit www.preit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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