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Pennsylvania Real Estate Invt Trust

PEI.N

Latest Trade

1.16USD

Change

-0.05(-4.13%)

Volume

62,403

Today's Range

1.14

 - 

1.24

52 Week Range

0.90

 - 

3.47

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

PREIT Reports Third Quarter 2021 Results

Nov 4 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT REPORTS THIRD QUARTER 2021 RESULTS.Q3 FFO LOSS PER SHARE $0.07.PREIT - QTRLY NET LOSS PER SHARE $0.56.PREIT - QTRLY FFO ADJUSTED LOSS PER SHARE $0.08.

Preit Reports First Quarter 2021 Results

May 5 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT REPORTS FIRST QUARTER 2021 RESULTS.PREIT - QTRLY FFO LOSS PER SHARE $0.14.PREIT - QTRLY FFO LOSS PER SHARE , AS ADJUSTED $0.15.

PREIT Reports Fourth Quarter And Full Year 2020 Results

March 11 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS.Q4 FFO LOSS PER SHARE $0.22.PREIT - QTRLY FFO LOSS PER SHARE, AS ADJUSTED $0.13.

PREIT Completes Key Step In Financial Restructuring

Feb 11 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT COMPLETES KEY STEP IN FINANCIAL RESTRUCTURING, EXTENDING MATURITY DATE OF MORTGAGE LOAN SECURED BY WOODLAND MALL.

PREIT Successfully Completes Financial Restructuring

Dec 11 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT SUCCESSFULLY COMPLETES FINANCIAL RESTRUCTURING.PREIT - SUCCESSFULLY COMPLETED FINANCIAL RESTRUCTURING AND EMERGED FROM CHAPTER 11 FOLLOWING AN EXPEDITED PROCESS.PREIT - NOW HAS ACCESS TO UP TO $130 MILLION OF NEW CAPITAL.PREIT - PREIT'S DEBT MATURITY SCHEDULE HAS BEEN EXTENDED, PROVIDING CO WITH ENHANCED FINANCIAL FLEXIBILITY.PREIT - CO'S COMMON STOCK WILL CONTINUE TO TRADE ON NYSE UNDER SAME TICKER SYMBOL PEI.

PREIT's Says Restructuring Plan Confirmed By Court

Nov 30 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT'S PREPACKAGED FINANCIAL RESTRUCTURING PLAN CONFIRMED BY COURT.PREIT - EXPECTS TO COMPLETE ITS FINANCIAL RESTRUCTURING AND SUCCESSFULLY EMERGE FROM CHAPTER 11 IN EARLY DECEMBER.PREIT - UPON EMERGENCE, PREIT WILL HAVE ACCESS TO $130 MILLION OF NEW FINANCING TO SUPPORT ITS OPERATIONS.PREIT - IN ADDITION TO RECAPITALIZING COMPANY, PREIT'S DEBT MATURITY SCHEDULE WILL BE EXTENDED.PREIT - ALL STAKEHOLDERS TO BE UNIMPAIRED AND ALL CLAIMS TO BE PAID IN FULL.PREIT - ALL PREIT BUSINESS OPERATIONS CONTINUE WITHOUT INTERRUPTION.

PREIT Commences Process To Implement Prepackaged Plan

Nov 1 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::COMMENCES PROCESS TO IMPLEMENT PREPACKAGED PLAN TO STRENGTHEN BUSINESS AND ENHANCE FINANCIAL FLEXIBILITY.HAS FILED A VOLUNTARY CHAPTER 11 PETITION IN UNITED STATES BANKRUPTCY COURT FOR DISTRICT OF DELAWARE TO IMPLEMENT ITS PREPACKAGED PLAN.BANKS HAVE COMMITTED TO PROVIDE AN ADDITIONAL $150 MILLION TO RECAPITALIZE BUSINESS AND EXTEND COMPANY'S DEBT MATURITY SCHEDULE.SOLICITED ACCEPTANCES OF ITS PREPACKAGED PLAN, WHICH RECEIVED OVERWHELMING SUPPORT FROM 95% OF ITS CREDITORS.PREIT WILL PAY ALL VENDORS, SUPPLIERS AND EMPLOYEES DURING COURSE OF CHAPTER 11.PREIT- PURSUANT TO TERMS OF PREPACKAGED PLAN, PREPETITION CLAIMS OF SUPPLIERS AND OTHER TRADE CREDITORS AND BUSINESS PARTNERS WILL BE UNIMPAIRED.

PREIT Reaches Agreement With Approximately 80% Of Its Lenders To Recapitalize Business

Oct 14 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT REACHES AGREEMENT WITH APPROXIMATELY 80% OF ITS LENDERS TO RECAPITALIZE BUSINESS.PREIT - INFUSION OF $150 MILLION OF NEW CAPITAL WILL ENABLE CONTINUED INVESTMENT IN SUCCESSFUL ONGOING BUSINESS INITIATIVES.PREIT - PORTFOLIO REMAINS FULLY OPERATIONAL AND SUBSTANTIALLY RE-OCCUPIED.PREIT - UNDER TERMS OF AGREEMENT, PREIT WOULD HAVE ACCESS TO $150 MILLION IN NEW CAPITAL TO STRENGTHEN BUSINESS AND PROVIDE FINANCIAL FLEXIBILITY.PREIT - BANKS WILL CONVERT COMPANY'S EXISTING CREDIT FACILITIES INTO A $150 MILLION FIRST LIEN SENIOR SECURED FACILITY.PREIT - WILL RETAIN 30% OF PROCEEDS FROM NON-INCOME PRODUCING ASSET SALES.PREIT - IF SUPPORT OF REMAINING LENDERS NOT SECURED, MAY NEED TO COMPLETE RESTRUCTURING THROUGH PREPACKAGED REORGANIZATION UNDER CHAPTER 11.PREIT - CURRENT POOL OF UNENCUMBERED ASSETS TO SERVE AS COLLATERAL FOR FACILITY & CO TO RETAIN 30% OF PROCEEDS FROM NON-INCOME PRODUCING ASSET SALES.

PREIT Provides Liquidity And Business Update

Oct 1 (Reuters) - Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT PROVIDES LIQUIDITY AND BUSINESS UPDATE.PREIT - SECURES ONE-MONTH EXTENSION AND FLEXIBILITY FOR $25 MILLION.PREIT - DISCUSSIONS ONGOING REGARDING COMPREHENSIVE FINANCIAL RESTRUCTURING.PREIT - CASH RECEIPTS TOTAL 108% OF MONTHLY BILLING FOR SEPTEMBER.PREIT - AS OF SEPT. 30, PREIT HAD CASH RECEIPTS REPRESENTING 67% OF BILLED Q2 AND Q3 2020 RENTS.PREIT - PORTFOLIO IS FULLY OPERATIONAL AND SUBSTANTIALLY RE-OCCUPIED, WITH 4% OF TENANTS FAILING TO RE-OPEN FOLLOWING PANDEMIC-RELATED CLOSURES.PREIT - REACHED A SHORT-TERM AGREEMENT TO EXTEND COVENANT RELIEF PERIOD.

Preit Executes Term Loan And Amendments To Credit Facility Agreements

Pennsylvania Real Estate Investment Trust <PEI.N>::PREIT EXECUTES TERM LOAN AND AMENDMENTS TO CREDIT FACILITY AGREEMENTS.PREIT - HAS EXECUTED A SECURED TERM LOAN WITH CERTAIN OF ITS EXISTING LENDERS FOR UP TO $30 MILLION.PREIT - SECURED TERM LOAN IS IN ADDITION TO RECENTLY EXECUTED AMENDMENTS TO ITS 7-YEAR TERM LOAN AND 2018 CREDIT AGREEMENT.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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