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Last $21.62 USD
Change Today -0.38 / -1.73%
Volume 687.8K
PEI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 4:15 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

penn real estate invest tst (PEI) Snapshot

Open
$21.76
Previous Close
$22.00
Day High
$21.86
Day Low
$21.26
52 Week High
01/28/15 - $25.34
52 Week Low
08/6/14 - $18.77
Market Cap
1.5B
Average Volume 10 Days
270.9K
EPS TTM
$-0.14
Shares Outstanding
69.1M
EX-Date
08/28/15
P/E TM
--
Dividend
$0.84
Dividend Yield
3.79%
Current Stock Chart for PENN REAL ESTATE INVEST TST (PEI)

penn real estate invest tst (PEI) Related Businessweek News

No Related Businessweek News Found

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 Declares Quarterly Cash Dividend, Payable on September 15, 2015; Declares Quarterly Cash Dividend on its 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares and 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares, Payable on September 15, 2015

Pennsylvania Real Estate Investment Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.21 per common share. The dividend is payable on September 15, 2015 to common shareholders of record on September 1, 2015. 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 September 15, 2015 to holders of record on September 1, 2015.

Pennsylvania Real Estate Investment Trust, PREIT Associates, L.P. and PREIT-Rubin, Inc. Enter into an Amendment to the 2013 Revolving Facility

On June 26, 2015, Pennsylvania Real Estate Investment Trust, PREIT Associates, L.P. and PREIT-RUBIN Inc. entered into an Amendment to the 2013 Revolving Facility with Wells Fargo Bank, National Association, and the other financial institutions signatory thereto, a $400.0 million senior unsecured revolving credit facility. Among other things, the Amendment lowered the interest rates in the applicable pricing grid and extended the Termination Date to June 26, 2018. All capitalized terms used in this Current Report on Form 8-K and not otherwise defined herein have the meanings ascribed to such terms in the 2013 Revolving Facility, as amended by the Amendment. Pursuant to the Amendment, amounts borrowed under the 2013 Revolving Facility bear interest at a rate between 1.20% and 1.55% per annum, depending on PREIT's leverage, in excess of LIBOR. The rate in effect at the closing of the Amendment was 1.25% per annum in excess of LIBOR. As of June 26, 2015, there was $120.0 million outstanding under the 2013 Revolving Facility. The 2013 Revolving Facility contains affirmative and negative covenants customarily found in facilities of this type. Under the Amendment, the only modification to an existing covenant was a change to the requirement that PREIT maintain, on a consolidated basis, minimum Unencumbered Debt Yield of 11.0%, versus 12.0% previously.

Pennsylvania Real Estate Investment Trust to Report Q2, 2015 Results on Jul 28, 2015

Pennsylvania Real Estate Investment Trust announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

 

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PEI Competitors

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