Pennsylvania Real Estate Investment Trust (PEI) News
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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 (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use community-centric districts, today announced that Phoenix Theatres has signed a lease to bring first-run movies back to Woodland Mall, including West Michigan's first theatre with Dolby Atmos® sound. This is the first location in West Michigan for Phoenix Theatres, which expects to welcome moviegoers in late 2021.
PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use community-centric districts, continues to lead the sector with the Company's anchor repositioning program. PREIT has been one of the most successful operators in navigating recent retail disruption by proactively addressing necessary transitions of anchor space securing replacements for 19 anchor stores in the past five years. In these anchor spaces, PREIT has added over three dozen new
PREIT (NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2021 before market trading begins on Thursday, August 5, 2021.
PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use community-centric districts, today announced that it has entered into over $172 million of mortgage loans, in the aggregate and reflecting the Company's share. The mortgages are secured by Viewmont Mall, Francis Scott Key Mall and two of the Company's joint venture open-air assets, Court at Oxford Valley and Red Rose Commons, extending all of the Company's near term maturities.
Traffic, tenant sales, and leasing activity have come roaring back for Pennsylvania Real Estate Investment Trust in recent months. Will it be enough to save the company?
PREIT Celebrates the Strong Consumer and the Positive Implications for the Pace and Strength of Industry Recovery
PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of the mall with mixed-use districts, highlighted several factors contributing to its optimism about the recovery of its communities:
Third Publicly Traded Mall REIT Files for Bankruptcy in Eight Months: Washington Prime Group, the Simon Property Spinoff | Wolf Street
Washington Prime Group and certain of its subsidiaries filed for Chapter 11 bankruptcy protection on Sunday, the third publicly-traded mall landlord in the US to file for bankruptcy in eight months, following the bankruptcy filings of CBL & Associates Properties and Pennsylvania Real Estate Investment Trust in November 2020.Third Publicly Traded Mall REIT Files for
PREIT (NYSE: PEI) today announced that Chairman of the Board and Chief Executive Officer Joseph F. Coradino will present at NAREIT's REITWeek® 2021 virtual Investor Forum.
PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that the Company has signed a new lease for a fulfillment center at Cumberland Mall in Vineland, NJ. The approximately 80,000 square foot facility will soon occupy the former Burlington space delivering a new source of non-retail revenue. The property is ideally situated in a location which serves a large trade area along a key route between Philadelphia and the Jersey shore.
The struggling mall owner experienced a surge in leasing volume last quarter, but it still faces big challenges as it tries to recover from its late-2020 bankruptcy filing.