PEI
Latest Trade
1.13USDChange
0.04(+3.67%)Volume
1,637,055Today's Range
-
1.1552 Week Range
-
5.56As of on the New York Stock Exchange ∙ Minimum 15 minute delay
Previous Close | 1.09 |
|---|---|
Open | 1.12 |
Volume | 1,637,055 |
3M AVG Volume | 71.46 |
Today's High | 1.15 |
Today's Low | 1.09 |
52 Week High | 5.56 |
52 Week Low | 0.36 |
Shares Out (MIL) | 79.54 |
Market Cap (MIL) | 86.70 |
Forward P/E | -- |
Dividend (Yield %) | -- |
PREIT's Says Restructuring Plan Confirmed By Court
PREIT Commences Process To Implement Prepackaged Plan
PREIT Reaches Agreement With Approximately 80% Of Its Lenders To Recapitalize Business
Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). The Company's primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company has a primary investment focus on retail shopping malls located in the eastern half of the United States, primarily in the Mid-Atlantic region. The Company owns interests in approximately 26 retail properties, of which 25 are operating properties and one is development property. The Company's 2s operating properties include 21 shopping malls and four other retail properties, with a total of 20.1 million square feet and are located in nine states.
Industry
Real Estate Operations
Contact Info
One Commerce Square
2005 Market Street, Suite 1000
PHILADELPHIA, PA
19103
United States
+1.215.8750426
https://www.preit.com/Executive Leadership
Joseph F. Coradino
Chairman of the Board of Trustees, Chief Executive Officer
Mario C. Ventresca
Chief Financial Officer, Executive Vice President
Andrew M. Ioannou
Executive Vice President - Finance and Acquisitions, Treasurer
Lisa M. Most
Executive Vice President, Chief Compliance Officer, General Counsel, Secretary
Joseph J. Aristone
Executive Vice President—Head of Leasing
Price To Earnings (TTM) | -- |
|---|---|
Price To Sales (TTM) | 0.31 |
Price To Book (MRQ) | 0.27 |
Price To Cash Flow (TTM) | 2.79 |
Total Debt To Equity (MRQ) | 574.74 |
LT Debt To Equity (MRQ) | 574.74 |
Return on Investment (TTM) | -3.65 |
Return on Equity (TTM) | -3.48 |
A Pennsylvania mall operator on Tuesday obtained court approval to move ahead with a speedy reorganization process in Chapter 11 despite concerns from one creditor that the company will eventually wind up back in bankruptcy.
Mall owner PREIT <PEI.N>, also known as Pennsylvania Real Estate Investment Trust, said late on Sunday that it filed a chapter 11 petition in a bankruptcy court to execute a prepackaged financial restructuring plan.
Pennsylvania Real Estate Investment Trust:
* QUALITY CARE PROPERTIES REACHES AGREEMENT WITH HCR MANORCARE TO EFFECT ORDERLY TRANSITION OF SKILLED NURSING, ASSISTED LIVING, HOSPICE AND HOMECARE BUSINESSES TO QCP OWNERSHIP
Pennsylvania Real Estate Investment Trust :
Amata Summit Growth Freehold And Leasehold Real Estate Investment Trust:
Pennsylvania Real Estate Investment Trust :
Pennsylvania Real Estate Investment Trust :
Pennsylvania Real Estate Investment Trust :
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.