Key Developments: Pennsylvania Real Estate Investment Trust (PEI.N)

PEI.N on New York Stock Exchange

21.91USD
2 Jul 2015
Change (% chg)

$0.16 (+0.74%)
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Latest Key Developments (Source: Significant Developments)

Pennsylvania Real Estate Investment Trust declares quarterly cash dividend
Thursday, 21 May 2015 04:30pm EDT 

Pennsylvania Real Estate Investment Trust:Declares quarterly cash dividend of $0.21 per common share.The dividend is payable on June 15, to common shareholders of record on June 1.  Full Article

Pennsylvania Real Estate Investment Trust reaffirms FY 2015 FFO outlook
Tuesday, 28 Apr 2015 04:15pm EDT 

Pennsylvania Real Estate Investment Trust:Maintains FY 2015 FFO will be between $1.82 and $1.87 per diluted share.Maintains FY 2015 FFO as adjusted per share will be between $1.87 and $1.92.FY 2015 FFO of $1.86 - Thomson Reuters I/B/E/S.  Full Article

Vornado Realty Trust completes transfer of Springfield Town Center for $465 million to Pennsylvania Real Estate Investment Trust
Tuesday, 31 Mar 2015 07:55pm EDT 

Vornado Realty Trust:Says that it has completed transfer of redeveloped Springfield Town Center, located in Springfield, Fairfax County, Virginia, to Pennsylvania Real Estate Investment Trust in exchange for $465 million;.Comprised of $340 million of cash and 6,250,000 PREIT operating partnership units, granted at $20 per unit.$19 million of tenant improvements and allowances Vornado was responsible for has been treated as a closing adjustment.  Full Article

Pennsylvania Real Estate Investment Trust gives FY 2015 FFO guidance below analysts' estimates; gives FY 2015 same store NOI guidance
Tuesday, 17 Feb 2015 04:30pm EST 

Pennsylvania Real Estate Investment Trust:Estimates FFO for FY 2015 will be between $1.82 and $1.87 per diluted share and FFO as adjusted per share will be between $1.87 and $1.92.Expects FY 2015 Same Store NOI growth in the range of 1.7pct to 2.7pct.FY 2015 FFO of $2.05 - Thomson Reuters I/B/E/S.  Full Article

Pennsylvania Real Estate Investment Trust declares quarterly cash dividend
Friday, 13 Feb 2015 08:00am EST 

Pennsylvania Real Estate Investment Trust:Declared a quarterly cash dividend of $0.21 per common share, an increase of 5 pct over the prior dividend paid.The dividend is payable on March 16, to common shareholders of record on March 2.  Full Article

Pennsylvania Real Estate Investment Trust completes sale of Whitehall Mall
Monday, 1 Dec 2014 04:31pm EST 

Pennsylvania Real Estate Investment Trust:Completes sale of several properties including its 50 pct interest in Whitehall Mall in Allentown, PA, with an aggregate transaction value of $25.0 mln.  Full Article

Pennsylvania Real Estate Investment Trust declares quarterly dividend for common and preferred shares
Friday, 21 Nov 2014 04:15pm EST 

Pennsylvania Real Estate Investment Trust:Declares a quarterly cash dividend of $0.20 per common share.Payable on Dec. 15, 2014 to common shareholders of record on Dec. 1, 2014.Declares quarterly cash dividends of $0.515625 per share on its 8.25 pct Series A Cumulative Redeemable Perpetual Preferred Shares and $0.460938 per share on its 7.375 pct Series B Cumulative Redeemable Perpetual Preferred Shares.Payable on Dec. 15 to holders of record on Dec. 1.  Full Article

Pennsylvania Real Estate Investment Trust lowers FY 2014 outlook
Tuesday, 28 Oct 2014 04:30pm EDT 

Pennsylvania Real Estate Investment Trust:Revised FY 2014 FFO per share to between $1.81 and $1.84 and its FFO as adjusted per share to between $1.94 and $1.97.FY 2014 FFO of $1.91- Thomson Reuters I/B/E/S.  Full Article

Pennsylvania Real Estate Investment Trust enters into agreement to sell non-core parcel
Friday, 3 Oct 2014 08:00am EDT 

Pennsylvania Real Estate Investment Trust:Announces that it has entered into an agreement to sell the remaining parcel owned by the company at Plaza at Magnolia, a center originally developed by PREIT adjacent to its Magnolia Mall in Florence, SC.Says the transaction is expected to close during the fourth quarter of 2014.Says the parcel being sold contains a Firehouse Subs eatery and an AT&T store.  Full Article

Pennsylvania Real Estate Investment Trust completes sale of Nittany and North Hanover Malls
Monday, 8 Sep 2014 04:58pm EDT 

Pennsylvania Real Estate Investment Trust:Announces that the completion of the sale of Nittany and North Hanover Malls for $32.3 million in the aggregate.Nittany Mall is a 534,000 square foot mall located in State College, PA, with sales of $243 per square foot and non-anchor occupancy of 70.0 pct as of June 30, 2014.North Hanover Mall is a 452,000 square foot mall located in Hanover, PA, with sales of $275 per square foot and non-anchor occupancy of 72.8 pct as of June 30, 2014.  Full Article

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