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Fri, 16 Dec 2022 00:46:00 +0000 |
PREIT Announces Plan to Commence Trading on OTC Markets
PREIT announced today that it intends to transfer the trading of its shares to the OTC Markets, operated by the OTC Markets Group, Inc., under the symbols PRET, PRETL, PRETM, and PRETN, where PREIT has applied to be traded on the OTCQX®. The transition to the over-the-counter market will not affect the Company's business operations and PREIT will continue to create the compelling experiences our shoppers and tenants seek, adding new tenants and experiences to its properties. The Company remains
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Wed, 14 Dec 2022 11:55:00 +0000 |
PREIT Portfolio Continues to Attract a Broad Range of New Tenants
PREIT (NYSE: PEI), today announced execution of leases with new tenants throughout its portfolio, highlighting the compelling nature of its footprint to expanding retailers.
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Tue, 13 Dec 2022 11:55:00 +0000 |
PREIT Receives Approvals for 460 Apartments and 165 Room Hotel at Springfield Town Center
PREIT (NYSE: PEI), today, announced that it has obtained unanimous approval from the Fairfax County Board of Supervisors for the development of 460 apartments and a 165-room hotel, paving the way for the sale of the land parcels both of which are under agreement of sale. A key part of PREIT's capital plan, the sale of these parcels is expected to generate approximately $20 million for PREIT, in addition to the $112 million in proceeds the Company has raised from asset sales in 2022. The Company
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Thu, 08 Dec 2022 14:17:00 +0000 |
PREIT Successfully Achieves Extension of Credit Facilities
PREIT (NYSE: PEI), today, announced meaningful balance sheet improvements through successfully extending its Credit Facilities.
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Thu, 01 Dec 2022 11:55:00 +0000 |
Expect New Stores and Many Shoppers at PREIT Malls This Holiday Season
PREIT (NYSE: PEI), today, highlighted what droves of shoppers are experiencing this holiday season at its properties.
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Mon, 28 Nov 2022 21:41:15 +0000 |
Pennsylvania Real Estate Investment Trust Hits New 52-Week Low
Pennsylvania Real Estate Investment Trust (NYSE: PEI) last week sold off to a new 52-week low at $2.45 before buyers took it to just slightly higher. Based in Philadelphia, the company specializes in “the ownership and management of differentiated shopping malls,” according to its website. Earlier in November, CEO Joseph Coradino advised investors that the real estate investment trust (REIT) plans to explore a merger or a sale. In the most recent quarterly update, funds from operations show a lo
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Thu, 17 Nov 2022 19:45:45 +0000 |
Greater Washington's only Lego Discovery Center eyes summer 2023 opening. Here's what you'll find inside.
The 32,000-square-foot venue, the first of its kind in North America, will be located on the first floor of a Northern Virginia mall.
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Tue, 08 Nov 2022 20:11:05 +0000 |
PREIT CEO says company will explore its options, including possible sale or merger
PREIT, the Philadelphia-based owner of regional malls, reported a net loss of $71.3 million for the three months ending Sept. 30.
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Tue, 08 Nov 2022 11:55:00 +0000 |
PREIT Reports Third Quarter 2022 Results
PREIT (NYSE: PEI) today reported results for the three and nine months ended September 30, 2022. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.
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Wed, 02 Nov 2022 13:00:00 +0000 |
PREIT's Philadelphia Portfolio Hosting Holiday Season Festivities and Shopping
PREIT (NYSE: PEI) is making it a season to remember for Philadelphia and its suburbs. Come out and celebrate at Willow Grove Park Mall, Springfield Mall, Plymouth Meeting Mall, Exton Square, Cherry Hill Mall, and Moorestown Mall with special festivities including family photos with Santa, Black Friday giveaways, "Kringle Mingle", and other seasonal events. Food, drink, and gift wrapping stations benefiting nonprofits in the community will also be available.
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Wed, 02 Nov 2022 10:55:00 +0000 |
PREIT Accelerates Capital-Raising Initiative Surpassing Key Milestone
PREIT (NYSE: PEI), today, marked meaningful balance sheet improvements. The Company is underway with a robust capital raising effort, seeking to improve its balance sheet and mitigate the impact of interest expenses to drive earnings. As a result of completed asset sales, the Company has applied proceeds and excess cash from operations to pay down debt by $148 million through October 31, 2022.
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Mon, 31 Oct 2022 22:13:00 +0000 |
PREIT Opens Q&A Platform for Shareholders Ahead of Third Quarter 2022 Earnings Call
PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the opening of its shareholder Q&A platform for its upcoming third quarter earnings call on Tuesday, November 8, 2022 at 11:00 am EDT.
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Wed, 12 Oct 2022 20:35:00 +0000 |
PREIT Continues to Drive Portfolio Occupancy
PREIT (NYSE: PEI), today, highlighted continued momentum in store openings and occupancy across its portfolio. As of June 30, 2022, PREIT increased total core mall occupancy by 480 basis points to 93.8% and 420,000 square feet of new leases were executed through the third quarter of 2022. New tenants will continue to open throughout this year and next, enhancing the value of the Company's portfolio.
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Tue, 11 Oct 2022 20:35:00 +0000 |
PREIT Schedules Third Quarter 2022 Earnings Release and Conference Call
PREIT (NYSE: PEI) intends to release its financial results for the quarter ending September 30, 2022 before market trading begins on Tuesday, November 8, 2022.
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Tue, 30 Aug 2022 10:55:00 +0000 |
PREITs Community Commitment was Vivid this August
PREIT (NYSE: PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today highlighted its commitment to the communities it serves, in focus this past month.
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Thu, 18 Aug 2022 10:55:00 +0000 |
Cherry Hill Mall Continues to Attract New-to-Market Trailblazing Tenants
PREIT (NYSE: PEI), a leading real estate investment trust, today announced exciting additions to its flagship, Cherry Hill Mall, as the mall owner continues to drive the quality of the tenant base, building off of strong sales, traffic and new retailer introductions.
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Tue, 09 Aug 2022 10:55:00 +0000 |
PREIT Reports Second Quarter 2022 Results
PREIT (NYSE: PEI) today reported results for the three and six months ended June 30, 2022. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.
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Tue, 02 Aug 2022 20:30:00 +0000 |
PREIT Board of Trustees Welcomes Two New Independent Trustees as Representatives for Preferred Shareholders
PREIT (NYSE: PEI) (the "Company") today announced that Christopher Swann and Kenneth Hart have been elected by preferred shareholders to its Board of Trustees.
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Tue, 02 Aug 2022 10:55:00 +0000 |
PREIT Opens Q&A Platform for Shareholders Ahead of Second Quarter 2022 Earnings Call
PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the opening of its shareholder Q&A platform for its upcoming second quarter earnings call on Tuesday, August 9, 2022 at 11:00 am EDT.
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Thu, 21 Jul 2022 10:55:00 +0000 |
PREIT Schedules Second Quarter 2022 Earnings Release and Conference Call
PREIT (NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2022 before market trading begins on Tuesday, August 9, 2022.
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