Pennsylvania Real Estate Investment Trust (PEI) News
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PEI News Highlights
- For PEI, its 30 day story count is now at 7.
- Over the past 29 days, the trend for PEI's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest PEI News From Around the Web
Below are the latest news stories about PENNSYLVANIA REAL ESTATE INVESTMENT TRUST that investors may wish to consider to help them evaluate PEI as an investment opportunity.
PREIT Announces Plan to Commence Trading on OTC MarketsPREIT announced today that it intends to transfer the trading of its shares to the OTC Markets, operated by the OTC Markets Group, Inc., under the symbols PRET, PRETL, PRETM, and PRETN, where PREIT has applied to be traded on the OTCQX®. The transition to the over-the-counter market will not affect the Company's business operations and PREIT will continue to create the compelling experiences our shoppers and tenants seek, adding new tenants and experiences to its properties. The Company remains |
PREIT Portfolio Continues to Attract a Broad Range of New TenantsPREIT (NYSE: PEI), today announced execution of leases with new tenants throughout its portfolio, highlighting the compelling nature of its footprint to expanding retailers. |
PREIT Receives Approvals for 460 Apartments and 165 Room Hotel at Springfield Town CenterPREIT (NYSE: PEI), today, announced that it has obtained unanimous approval from the Fairfax County Board of Supervisors for the development of 460 apartments and a 165-room hotel, paving the way for the sale of the land parcels both of which are under agreement of sale. A key part of PREIT's capital plan, the sale of these parcels is expected to generate approximately $20 million for PREIT, in addition to the $112 million in proceeds the Company has raised from asset sales in 2022. The Company |
PREIT Successfully Achieves Extension of Credit FacilitiesPREIT (NYSE: PEI), today, announced meaningful balance sheet improvements through successfully extending its Credit Facilities. |
Expect New Stores and Many Shoppers at PREIT Malls This Holiday SeasonPREIT (NYSE: PEI), today, highlighted what droves of shoppers are experiencing this holiday season at its properties. |
Pennsylvania Real Estate Investment Trust Hits New 52-Week LowPennsylvania Real Estate Investment Trust (NYSE: PEI) last week sold off to a new 52-week low at $2.45 before buyers took it to just slightly higher. Based in Philadelphia, the company specializes in “the ownership and management of differentiated shopping malls,” according to its website. Earlier in November, CEO Joseph Coradino advised investors that the real estate investment trust (REIT) plans to explore a merger or a sale. In the most recent quarterly update, funds from operations show a lo |
Greater Washington's only Lego Discovery Center eyes summer 2023 opening. Here's what you'll find inside.The 32,000-square-foot venue, the first of its kind in North America, will be located on the first floor of a Northern Virginia mall. |
PREIT CEO says company will explore its options, including possible sale or mergerPREIT, the Philadelphia-based owner of regional malls, reported a net loss of $71.3 million for the three months ending Sept. 30. |
PREIT Reports Third Quarter 2022 ResultsPREIT (NYSE: PEI) today reported results for the three and nine months ended September 30, 2022. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. |
PREIT's Philadelphia Portfolio Hosting Holiday Season Festivities and ShoppingPREIT (NYSE: PEI) is making it a season to remember for Philadelphia and its suburbs. Come out and celebrate at Willow Grove Park Mall, Springfield Mall, Plymouth Meeting Mall, Exton Square, Cherry Hill Mall, and Moorestown Mall with special festivities including family photos with Santa, Black Friday giveaways, "Kringle Mingle", and other seasonal events. Food, drink, and gift wrapping stations benefiting nonprofits in the community will also be available. |