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Pennsylvania Real Estate Investment Trust Lowers FY 2013 FFO Guidance


Monday, 6 May 2013 05:11pm EDT 

Pennsylvania Real Estate Investment Trust announced that it has revised FFO as adjusted and net income per diluted share to give effect to the recently completed public offering of 11.5 million common shares and the use of proceeds to repay amounts outstanding of $192.5 million under its 2013 Revolving Facility and the balance of $27.8 million for general corporate purposes and expects FFO as adjusted to be $1.83 to $1.91 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report FFO per share of $1.96 for fiscal 2013. 

Company Quote

23.93
-0.95 -3.82%
30 Jan 2015