Pennsylvania Real Estate Investment (PEI) 20.80 $PEI
PREIT Announces Portfolio-Wide Shopper Digital Rewards Program
PR Newswire - Thu Jun 16, 6:30AM CDT
PREIT (NYSE: PEI) today announced the launch of a shopper digital rewards program, known as PREIT Perks, which will enable shoppers to earn credit on their purchases, as well as give retailers enhanced visibility into shopper behavior at PREIT malls. The program is debuting at the Cherry Hill Mall in Cherry Hill, NJ, and will be rolled out across PREIT's portfolio over the next several months - reaching thousands of retailer locations.
PEI: 20.80 (-0.46)
PREIT Comments on Shell Chemical's Decision to Build a Petrochemical Complex in Beaver County
PR Newswire - Wed Jun 08, 3:30PM CDT
PREIT (NYSE: PEI) today comments on Shell Chemical's final investment decision to build a petrochemical complex, including an ethylene cracker, in the Pittsburgh, PA suburb of Beaver County, just one and a half miles from PREIT-owned Beaver Valley Mall:
PEI: 20.80 (-0.46)
PREIT Completes Sale of Downtown Philadelphia Properties
PR Newswire - Tue Jun 07, 6:00AM CDT
PREIT (NYSE: PEI) has completed the transactions for the sale of two street-level retail properties 1501 - 05 Walnut Street and 1520 - 22 Chestnut Street in downtown Philadelphia, representing a gain on sale of approximately $20 million and a blended 3.9% cap rate. PREIT acquired the properties in 2014 after recognizing there was sufficient tenant demand to create significant value.
PEI: 20.80 (-0.46)
PREIT Schedules Second Quarter 2016 Earnings Release and Conference Call
PR Newswire - Mon Jun 06, 3:30PM CDT
Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2016 after market trading closes on Tuesday, July 26, 2016.
PEI: 20.80 (-0.46)
PREIT to Present at REITWeek® 2016: NAREIT's Investor Forum
PR Newswire - Wed Jun 01, 3:30PM CDT
Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) today announced that Chief Executive Officer Joseph F. Coradino and Executive Vice President and Chief Financial Officer Robert F. McCadden will present at NAREIT's REITWeek® 2016 in New York, New York.
PEI: 20.80 (-0.46)
Realty Income (O) Closes Offering of 6.5M Common Shares
Zacks Equity Research - Zacks Investment Research - Wed May 25, 5:11AM CDT
Realty Income Corporation (O) has closed the offering of 6.5 million common shares.
PEI: 20.80 (-0.46), ROIC: 20.67 (-0.07), BFS: 57.43 (-0.60), O: 65.75 (+1.25)
Simon Property (SPG) Poised for Growth on Strong Pipeline
Zacks Equity Research - Zacks Investment Research - Tue May 24, 8:08AM CDT
Simon Property Group Inc. (SPG) seems well poised to capitalize on any improving trend in the retail real estate market, given its impressive redevelopment and expansion pipeline.
PEI: 20.80 (-0.46), ROIC: 20.67 (-0.07), SPG: 206.50 (-2.59), UE: 27.91 (-0.17)
Keeping Concertgoers Charged, Three Local Philly Businesses Unite
PRWeb - Thu May 12, 8:17AM CDT
Philly startup ChargeItSpot (http://www.chargeitspot.com), the leading provider of phone charging stations, has expanded its partnership with shopping mall operator PREIT (Pennsylvania Real Estate Investment Trust). As a 2016 season sponsor of the Mann Center for the Performing Arts, PREIT teamed up with ChargeItSpot - already present in 10 PREIT-owned malls - to promote its brand in an innovative way. PREIT will be featured prominently on the external kiosk wrap, digital touchscreen interface and via SMS messaging sent to customers who charge their phones during concerts.
PEI: 20.80 (-0.46)
Agree Realty (ADC) Raises 2016 Acquisition Guidance
Zacks Equity Research - Zacks Investment Research - Thu May 12, 7:53AM CDT
Agree Realty Corp. (ADC) has made the announcement of raising the acquisition guidance range for 2016 from the earlier range of $175 million-$200 million to a new range of $250 million-$275 million.
PEI: 20.80 (-0.46), ROIC: 20.67 (-0.07), RPAI: 16.21 (+0.31), ADC: 45.51 (+0.55)
PREIT Declares Quarterly Dividend for Common and Preferred Shares
PR Newswire - Mon May 09, 3:30PM CDT
Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.21 per common share. The dividend is payable on June 15, 2016 to common shareholders of record on June 1, 2016. The June 15th dividend payment will be the Company's 157th consecutive distribution since its initial dividend paid in August of 1962.
PEI: 20.80 (-0.46)
Pennsylvania Real Estate Investment Trust Up 22.5% Since SmarTrend Uptrend Call (PEI)
Comtex SmarTrend(R) - Thu May 05, 1:25PM CDT
SmarTrend identified an Uptrend for Pennsylvania Real Estate Investment Trust (NYSE
EI) on February 25th, 2016 at $19.22. In approximately 2 months, Pennsylvania Real Estate Investment Trust has returned 22.53% as of today's recent price of $23.55.
PEI: 20.80 (-0.46)
PREIT Reports Strong First Quarter 2016 Results Reflecting Upgraded Portfolio
PR Newswire - Tue Apr 26, 3:30PM CDT
PREIT (NYSE: PEI) today reported results for the quarter ended March 31, 2016.
PEI: 20.80 (-0.46)
Upgrade Alert for Pennsylvania Real Estate Investment Trust (PEI)
Comtex SmarTrend(R) - Thu Apr 21, 3:20AM CDT
Pennsylvania Real Estate Investment Trust (NYSE EI) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $22.55 on volume of 1.1 million shares, above average daily volume of 537,000. Pennsylvania Real Estate Investment Trust is a self-administered real estate investment trust involved in acquiring, managing and holding real estate interests for current yield and long-term appreciation. The Company's real estate holdings consist of shopping malls, strip and power centers, and industrial properties in the Mid-Atlantic and Southeastern United States.
PEI: 20.80 (-0.46)
PREIT Satisfies Debt Maturities Until June 2017
PR Newswire - Tue Apr 19, 3:30PM CDT
PREIT (NYSE: PEI) has completed the refinancing of the mortgage loan secured by Woodland Mall and extended and modified the terms of the existing mortgage loan secured by Viewmont Mall. The LIBOR-based loans total $187.0 million and carry a fixed weighted average interest rate of 3.16% after giving effect to interest rate swaps. The new debt instruments will result in future annual interest expense savings of approximately $3.7 million.
PEI: 20.80 (-0.46)
PREIT Brings DICK'S Sporting Goods and Field & Stream Concepts to Viewmont Mall
PR Newswire - Mon Apr 11, 6:15AM CDT
PREIT (NYSE: PEI) today announced a lease has been executed that will bring DICK'S Sporting Goods and Field & Stream to Viewmont Mall in Scranton, PA. The dual store format concept will replace the existing Sears at the property in 90,000 square feet of space. Sears will close this July, with DICK's Sporting Goods and Field & Stream scheduled to open for business for Holiday 2017.
PEI: 20.80 (-0.46)
PREIT Announces Sale of Four Additional Non-Core Malls
PR Newswire - Wed Mar 30, 6:15AM CDT
PREIT (NYSE: PEI) today announced it has completed the sale of four additional non-core malls, a milestone achievement that signifies the near-completion of the Company's non-core mall disposition effort with one remaining mall being marketed for sale. In November 2012, the Company communicated its plan to reshape its portfolio by disposing of non-core properties, including its lower-productivity malls, in order to reduce debt, dramatically improve portfolio quality and drive operating results. Since that time, the Company has successfully executed this plan, resulting in the sale of 13 lower-productivity malls as well as several power centers and land parcels, and has generated approximately $600 million in gross proceeds.
PEI: 20.80 (-0.46)
Pennsylvania Real Estate Investment Trust Falls 1.06% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Mon Mar 28, 4:58PM CDT
Pennsylvania Real Estate Investment Trust (NYSE EI) traded in a range yesterday that spanned from a low of $20.29 to a high of $20.83. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $20.47 on volume of 333,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
PEI: 20.80 (-0.46)
PREIT (PEI) to Initiate Redevelopment of Exton Square Mall
Zacks Equity Research - Zacks Investment Research - Mon Mar 14, 11:30AM CDT
Pennsylvania Real Estate Investment Trust (PEI) commonly known as PREIT has announced the beginning of the first phase of redevelopment of Exton Square Mall located in Chester County.
PEI: 20.80 (-0.46), NNN: 48.58 (+1.19), REG: 78.50 (-0.48), O: 65.75 (+1.25)
PREIT Takes Important Steps in Redevelopment of Exton Square Mall
PR Newswire - Fri Mar 11, 6:30AM CST
PREIT (NYSE: PEI) today announced the commencement of the first phase of the redevelopment of Exton Square Mall. The Company acquired the land parcel underlying the existing Kmart store, enabling demolition and construction of the new Whole Foods, set to open in 2017. Demolition will begin in early April.
PEI: 20.80 (-0.46)
PREIT Announces Portfolio-Wide Shopper Digital Rewards Program
PR Newswire - Thu Jun 16, 6:30AM CDT
PREIT (NYSE: PEI) today announced the launch of a shopper digital rewards program, known as PREIT Perks, which will enable shoppers to earn credit on their purchases, as well as give retailers enhanced visibility into shopper behavior at PREIT malls. The program is debuting at the Cherry Hill Mall in Cherry Hill, NJ, and will be rolled out across PREIT's portfolio over the next several months - reaching thousands of retailer locations.
PEI: 20.80 (-0.46)
PREIT Comments on Shell Chemical's Decision to Build a Petrochemical Complex in Beaver County
PR Newswire - Wed Jun 08, 3:30PM CDT
PREIT (NYSE: PEI) today comments on Shell Chemical's final investment decision to build a petrochemical complex, including an ethylene cracker, in the Pittsburgh, PA suburb of Beaver County, just one and a half miles from PREIT-owned Beaver Valley Mall:
PEI: 20.80 (-0.46)
PREIT Completes Sale of Downtown Philadelphia Properties
PR Newswire - Tue Jun 07, 6:00AM CDT
PREIT (NYSE: PEI) has completed the transactions for the sale of two street-level retail properties 1501 - 05 Walnut Street and 1520 - 22 Chestnut Street in downtown Philadelphia, representing a gain on sale of approximately $20 million and a blended 3.9% cap rate. PREIT acquired the properties in 2014 after recognizing there was sufficient tenant demand to create significant value.
PEI: 20.80 (-0.46)
PREIT Schedules Second Quarter 2016 Earnings Release and Conference Call
PR Newswire - Mon Jun 06, 3:30PM CDT
Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2016 after market trading closes on Tuesday, July 26, 2016.
PEI: 20.80 (-0.46)
PREIT to Present at REITWeek® 2016: NAREIT's Investor Forum
PR Newswire - Wed Jun 01, 3:30PM CDT
Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) today announced that Chief Executive Officer Joseph F. Coradino and Executive Vice President and Chief Financial Officer Robert F. McCadden will present at NAREIT's REITWeek® 2016 in New York, New York.
PEI: 20.80 (-0.46)
Realty Income (O) Closes Offering of 6.5M Common Shares
Zacks Equity Research - Zacks Investment Research - Wed May 25, 5:11AM CDT
Realty Income Corporation (O) has closed the offering of 6.5 million common shares.
PEI: 20.80 (-0.46), ROIC: 20.67 (-0.07), BFS: 57.43 (-0.60), O: 65.75 (+1.25)
Simon Property (SPG) Poised for Growth on Strong Pipeline
Zacks Equity Research - Zacks Investment Research - Tue May 24, 8:08AM CDT
Simon Property Group Inc. (SPG) seems well poised to capitalize on any improving trend in the retail real estate market, given its impressive redevelopment and expansion pipeline.
PEI: 20.80 (-0.46), ROIC: 20.67 (-0.07), SPG: 206.50 (-2.59), UE: 27.91 (-0.17)
Keeping Concertgoers Charged, Three Local Philly Businesses Unite
PRWeb - Thu May 12, 8:17AM CDT
Philly startup ChargeItSpot (http://www.chargeitspot.com), the leading provider of phone charging stations, has expanded its partnership with shopping mall operator PREIT (Pennsylvania Real Estate Investment Trust). As a 2016 season sponsor of the Mann Center for the Performing Arts, PREIT teamed up with ChargeItSpot - already present in 10 PREIT-owned malls - to promote its brand in an innovative way. PREIT will be featured prominently on the external kiosk wrap, digital touchscreen interface and via SMS messaging sent to customers who charge their phones during concerts.
PEI: 20.80 (-0.46)
Agree Realty (ADC) Raises 2016 Acquisition Guidance
Zacks Equity Research - Zacks Investment Research - Thu May 12, 7:53AM CDT
Agree Realty Corp. (ADC) has made the announcement of raising the acquisition guidance range for 2016 from the earlier range of $175 million-$200 million to a new range of $250 million-$275 million.
PEI: 20.80 (-0.46), ROIC: 20.67 (-0.07), RPAI: 16.21 (+0.31), ADC: 45.51 (+0.55)
PREIT Declares Quarterly Dividend for Common and Preferred Shares
PR Newswire - Mon May 09, 3:30PM CDT
Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.21 per common share. The dividend is payable on June 15, 2016 to common shareholders of record on June 1, 2016. The June 15th dividend payment will be the Company's 157th consecutive distribution since its initial dividend paid in August of 1962.
PEI: 20.80 (-0.46)
Pennsylvania Real Estate Investment Trust Up 22.5% Since SmarTrend Uptrend Call (PEI)
Comtex SmarTrend(R) - Thu May 05, 1:25PM CDT
SmarTrend identified an Uptrend for Pennsylvania Real Estate Investment Trust (NYSE
EI) on February 25th, 2016 at $19.22. In approximately 2 months, Pennsylvania Real Estate Investment Trust has returned 22.53% as of today's recent price of $23.55. PEI: 20.80 (-0.46)
PREIT Reports Strong First Quarter 2016 Results Reflecting Upgraded Portfolio
PR Newswire - Tue Apr 26, 3:30PM CDT
PREIT (NYSE: PEI) today reported results for the quarter ended March 31, 2016.
PEI: 20.80 (-0.46)
Upgrade Alert for Pennsylvania Real Estate Investment Trust (PEI)
Comtex SmarTrend(R) - Thu Apr 21, 3:20AM CDT
Pennsylvania Real Estate Investment Trust (NYSE
EI) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $22.55 on volume of 1.1 million shares, above average daily volume of 537,000. Pennsylvania Real Estate Investment Trust is a self-administered real estate investment trust involved in acquiring, managing and holding real estate interests for current yield and long-term appreciation. The Company's real estate holdings consist of shopping malls, strip and power centers, and industrial properties in the Mid-Atlantic and Southeastern United States. PEI: 20.80 (-0.46)
PREIT Satisfies Debt Maturities Until June 2017
PR Newswire - Tue Apr 19, 3:30PM CDT
PREIT (NYSE: PEI) has completed the refinancing of the mortgage loan secured by Woodland Mall and extended and modified the terms of the existing mortgage loan secured by Viewmont Mall. The LIBOR-based loans total $187.0 million and carry a fixed weighted average interest rate of 3.16% after giving effect to interest rate swaps. The new debt instruments will result in future annual interest expense savings of approximately $3.7 million.
PEI: 20.80 (-0.46)
PREIT Brings DICK'S Sporting Goods and Field & Stream Concepts to Viewmont Mall
PR Newswire - Mon Apr 11, 6:15AM CDT
PREIT (NYSE: PEI) today announced a lease has been executed that will bring DICK'S Sporting Goods and Field & Stream to Viewmont Mall in Scranton, PA. The dual store format concept will replace the existing Sears at the property in 90,000 square feet of space. Sears will close this July, with DICK's Sporting Goods and Field & Stream scheduled to open for business for Holiday 2017.
PEI: 20.80 (-0.46)
PREIT Announces Sale of Four Additional Non-Core Malls
PR Newswire - Wed Mar 30, 6:15AM CDT
PREIT (NYSE: PEI) today announced it has completed the sale of four additional non-core malls, a milestone achievement that signifies the near-completion of the Company's non-core mall disposition effort with one remaining mall being marketed for sale. In November 2012, the Company communicated its plan to reshape its portfolio by disposing of non-core properties, including its lower-productivity malls, in order to reduce debt, dramatically improve portfolio quality and drive operating results. Since that time, the Company has successfully executed this plan, resulting in the sale of 13 lower-productivity malls as well as several power centers and land parcels, and has generated approximately $600 million in gross proceeds.
PEI: 20.80 (-0.46)
Pennsylvania Real Estate Investment Trust Falls 1.06% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Mon Mar 28, 4:58PM CDT
Pennsylvania Real Estate Investment Trust (NYSE
EI) traded in a range yesterday that spanned from a low of $20.29 to a high of $20.83. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $20.47 on volume of 333,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. PEI: 20.80 (-0.46)
PREIT (PEI) to Initiate Redevelopment of Exton Square Mall
Zacks Equity Research - Zacks Investment Research - Mon Mar 14, 11:30AM CDT
Pennsylvania Real Estate Investment Trust (PEI) commonly known as PREIT has announced the beginning of the first phase of redevelopment of Exton Square Mall located in Chester County.
PEI: 20.80 (-0.46), NNN: 48.58 (+1.19), REG: 78.50 (-0.48), O: 65.75 (+1.25)
PREIT Takes Important Steps in Redevelopment of Exton Square Mall
PR Newswire - Fri Mar 11, 6:30AM CST
PREIT (NYSE: PEI) today announced the commencement of the first phase of the redevelopment of Exton Square Mall. The Company acquired the land parcel underlying the existing Kmart store, enabling demolition and construction of the new Whole Foods, set to open in 2017. Demolition will begin in early April.
PEI: 20.80 (-0.46)
