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United States

Pennsylvania Real Estate Investment Trust (PEI.N)

PEI.N on New York Stock Exchange

15.16USD
21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

PREIT reports Q4 FFO per share of $0.57
Thursday, 23 Feb 2017 04:30pm EST 

Pennsylvania Real Estate Investment Trust : Preit reports fourth quarter 2016 results; introduces 2017 guidance and multi-year outlook . Sees fy 2017 FFO per share $1.64 to $1.74 . Q4 adjusted FFO per share $0.57 . Qtrly comparable store sales per square foot across portfolio increased 7.4 pct . Qtrly same store noi increased by $3.1 million to $72.2 million . Introducing its earnings guidance for year of net loss between $0.10 and $0.00 per diluted share . Sees 2017 capital expenditures in range of $225 to $250 million . Sees 2017 same store noi growth, excluding lease terminations in range of 1.0 pct to 2.0 pct . FY2017 FFO per share view $1.80 -- Thomson Reuters I/B/E/S . Q4 FFO per share view $0.54 -- Thomson Reuters I/B/E/S .Sees 2017 same store NOI - consolidated $221 million - $224 million.  Full Article

PREIT says Ron Rubin will step down as chairman of board of trustees
Thursday, 23 Feb 2017 07:30am EST 

Pennsylvania Real Estate Investment Trust : PREIT announces Ron Rubin will step down as chairman of the board of trustees .Preit - Joseph Coradino to succeed rubin as chairman, continuing in his role as chief executive officer.  Full Article

Pennsylvania REIT prices preferred share offering
Wednesday, 18 Jan 2017 05:52pm EST 

Pennsylvania Real Estate Investment Trust : PREIT prices preferred share offering .Pennsylvania REIT priced underwritten public offering of 6 million of 7.20% series C cumulative redeemable perpetual preferred shares at $25.00 per share.  Full Article

Pennsylvania REIT reports Q2 2016 results
Tuesday, 26 Jul 2016 04:34pm EDT 

Pennsylvania REIT : Same store noi excluding lease terminations improved by 4.0% for quarter . Pennsylvania real estate investment trust sees 2016 ffo, as adjusted $1.84 to $1.87 . Pennsylvania real estate investment trust sees 2016 FFO per share $1.82 to $1.86 . Point of guidance . Q2 adjusted FFO per share $0.43 . Q2 FFO per share view $0.41 -- Thomson Reuters I/B/E/S . Sees 2016 average quarterly same store noi growth is expected to be 4.0% to 4.4% . Sees 2016 same store noi growth of 2.8% to 3.2% . Fy2016 FFO per share view $1.84 -- Thomson Reuters I/B/E/S .Qtrly funds from operations per diluted share and op unit $0.42.  Full Article

Pennsylvania REIT says to market Beaver Valley mall for sale
Monday, 18 Jul 2016 07:30am EDT 

Pennsylvania Real Estate Investment Trust : Decided to market beaver valley mall for sale .Decision to market beaver valley mall after shell chemical moving forward with development of petrochemical complex mile and a half from mall.  Full Article

Pennsylvania Real Estate Investment Trust says extends term loan
Wednesday, 13 Jul 2016 07:00am EDT 

Pennsylvania Real Estate Investment Trust : Entered into a modification and extension of its term loan . Amendment increased potential borrowing under agreement from $100.0 million to $250.0 million . Amendment expanded accordion feature of 7-year term loan agreement from up to $200.0 million to up to $400 million .Maturity date was extended by approximately one year, from January 7, 2021 to December 29, 2021.  Full Article

Pennsylvania Real Estate Investment Trust gives FY 2016 FFO guidance; gives FY 2016 Same Store NOI guidance
Tuesday, 23 Feb 2016 04:15pm EST 

Pennsylvania Real Estate Investment Trust:Estimates FFO for FY 2016 will be between $1.83 and $1.91 per diluted share.Sees Fy 2016 Same Store NOI growth in the range of 2.8% to 3.2%.  Full Article

Pennsylvania Real Estate Investment Trust declares quarterly dividend for common and preferred shares
Friday, 23 Oct 2015 04:49pm EDT 

Pennsylvania Real Estate Investment Trust:Declared a quarterly cash dividend of $0.21 per common share.Payable on Dec. 15, 2015 to common shareholders of record on Dec. 1, 2015.Also 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.Dividends are payable on Dec. 15, 2015 to holders of record on Dec. 1, 2015.  Full Article

Pennsylvania Real Estate Investment entered into a sale agreement for three malls for $95.4 mln
Tuesday, 28 Jul 2015 07:48pm EDT 

Pennsylvania Real Estate Investment:Entered into an agreement of sale for three malls to an institutional buyer for $95.4 million.Total funds raised through assets sales including malls, power centers, would total over $560 million.Pennsylvania real estate investment trust- co is negotiating agreements of sale on two more malls, which it hopes to execute within the next few weeks.  Full Article

Pennsylvania Real Estate Investment Trust raises FY 2015 FFO guidance
Tuesday, 28 Jul 2015 05:51pm EDT 

Pennsylvania Real Estate Investment Trust:Expects FY 2015 FFO of $1.77 to $1.82.Expects FY 2015 adjusted FFO of $1.84 to $1.89.FY 2015 FFO of $1.85 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-PREIT reports Q4 FFO per share of $0.57

* Preit reports fourth quarter 2016 results; introduces 2017 guidance and multi-year outlook