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United States

Pennsylvania Real Estate Investment Trust (PEI_pa.N)

PEI_pa.N on New York Stock Exchange

26.25USD
22 Jul 2016
Change (% chg)

$-0.15 (-0.57%)
Prev Close
$26.40
Open
$26.34
Day's High
$26.39
Day's Low
$26.25
Volume
2,992
Avg. Vol
2,236
52-wk High
$26.67
52-wk Low
$24.56

Latest Key Developments (Source: Significant Developments)

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

Pennsylvania Real Estate Investment Trust declares quarterly dividend for common and preferred shares
Thursday, 23 Jul 2015 04:30pm EDT 

Pennsylvania Real Estate Investment Trust:Declared a quarterly cash dividend of $0.21 per common share.Payable on Sept. 15 to common shareholders of record on Sept.1.  Full Article

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