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Last $18.88 USD
Change Today -0.46 / -2.38%
Volume 154.2K
PEI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

penn real estate invest tst (PEI) Snapshot

Open
$19.07
Previous Close
$19.34
Day High
$19.27
Day Low
$18.70
52 Week High
01/28/15 - $25.34
52 Week Low
09/4/15 - $18.70
Market Cap
1.3B
Average Volume 10 Days
618.0K
EPS TTM
$-0.09
Shares Outstanding
69.2M
EX-Date
08/28/15
P/E TM
--
Dividend
$0.84
Dividend Yield
4.39%
Current Stock Chart for PENN REAL ESTATE INVEST TST (PEI)

penn real estate invest tst (PEI) Related Businessweek News

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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.

429 Employees
Last Reported Date: 02/23/15
Founded in 1960

penn real estate invest tst (PEI) Top Compensated Officers

Chief Executive Officer and Trustee
Total Annual Compensation: $812.0K
Executive Chairman
Total Annual Compensation: $600.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $528.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $413.9K
Compensation as of Fiscal Year 2014.

penn real estate invest tst (PEI) Key Developments

Pennsylvania Real Estate Investment Trust Plans to Demolish the Site's Kmart Building and Replace with Organic Grocery Store

Pennsylvania Real Estate Investment Trust plans to demolish the site's Kmart building and replace it with a large-format organic grocery store. The company also has identified a dine-in movie theater and a bowling-and-entertainment center as prospective tenants for the former site of a 118,000-square-foot J.C. Penney Co. store at Exton Square. The moves come as PREIT - owner of the Gallery at Market East in Center City, the Cherry Hill Mall and Willow Grove Park, among other shopping sites in the region and nationally - pursues a strategy of upgrading its top-performing properties in high-density areas while shedding farther-flung assets.

PEI Mulls In Talks For Malls Sale

Pennsylvania Real Estate Investment Trust (NYSE:PEI) is holding talks to sell malls. PEI said, it is negotiating agreements of sale on two "non-core" malls, which it hopes to execute within the next several weeks.

Pennsylvania Real Estate Investment Trust Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Revises Earnings Guidance for the Year 2015

Pennsylvania Real Estate Investment Trust reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $101,693,000 against $106,825,000 a year ago. Net loss was $34,666,000 against $24,050,000 a year ago. Net loss attributable to company was $30,924,000 against $23,325,000 a year ago. Net loss attributable to company common shareholders was $34,886,000 against $27,287,000 a year ago. Basic and diluted net loss per share was $0.51 against $0.40 per share a year ago. Net operating income was $58,868,000 against $61,781,000 a year ago. Funds from operations were $24,268,000 against $21,969,000 a year ago. Funds from operations as adjusted were $30,479,000 against $33,146,000 a year ago. Funds from operations per diluted share were $0.38 against $0.37 per share a year ago. For the six months, the company reported total revenue of $201,750,000 against $216,212,000 a year ago. Net loss was $48,605,000 against $32,406,000 a year ago. Net loss attributable to company was $44,433,000 against $31,429,000 a year ago. Net loss attributable to company common shareholders was $52,357,000 against $39,353,000 a year ago. Basic and diluted net loss per share was $0.76 against $0.58 per share a year ago. Net operating income was $114,501,000 against $118,673,000 a year ago. Funds from operations were $43,336,000 against $44,340,000 a year ago. Funds from operations as adjusted were $58,683,000 against $61,148,000 a year ago. Funds from operations per diluted share were $0.79 against $0.87 per share a year ago. For the third quarter, the company FFO of $1.77 to $1.82 per share. FFO as adjusted of $1.84 to $1.89 per share. Net loss attributable to company common shareholders of $0.54 to $0.49 per share. For the year, the company expects dilution of $0.03 per share resulting from the sale of Uniontown Mall and entire 50% interest in Springfield Park.

 

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PEI Competitors

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Company Last Change
Cousins Properties Inc $8.90 USD -0.24
EastGroup Properties Inc $52.54 USD -1.18
Hersha Hospitality Trust $23.80 USD -0.20
Lexington Realty Trust $7.84 USD -0.18
Saul Centers Inc $47.65 USD -1.05
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