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Pennsylvania Real Estate Investment Trust (PEI_pa.N)

PEI_pa.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Preit Q1 adjusted FFO per share $0.35
Tuesday, 25 Apr 2017 04:30pm EDT 

April 25 (Reuters) - Pennsylvania Real Estate Investment Trust ::Preit reports first quarter 2017 results.Sees FY 2017 FFO per share $1.64 to $1.74.Q1 adjusted FFO per share $0.35.Preit qtrly FFO per share $ 0.35.Qtrly same store noi was flat compared to prior year.Reaffirming its February 23, 2017 ffo guidance.Q1 FFO per share view $0.37 -- Thomson Reuters I/B/E/S.Fy2017 FFO per share view $1.70 -- Thomson Reuters I/B/E/S.  Full Article

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

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