Pennsylvania Real Estate Investment Trust

Pennsylvania Real Estate Investment Trust engages in the ownership, management, leasing, acquisition, redevelopment, and disposition of shopping malls. The firm focuses on shopping malls located in the eastern half of the U.S. primarily in the Mid-Atlantic region. Its property portfolio includes Cherry Hill Mall, Plymouth Meeting Mall, Mall at Prince Georges, and Springfield Town Center. The company was founded by Sylvan M. Cohen in 1960 and is headquartered in Philadelphia, PA.

Earnings data Q3 2024

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Success. It’s built on a foundation of strong relationships and accomplished through experience, tenacity and teamwork. For nearly three decades, Metro Commercial has set the pace as one of the strongest, full-service, independent retail real-estate firms in the nation.   Metro specializes in retailer and landlord representation, property management, investment sales and development services. Fueled by local expertise and national capabilities, our team delivers the connections you need to succeed. Metro doesn’t just get it, we get it done.

CBL & Associates Properties

It could be the drip before the torrent of filings.

Retail's Toll Sends Mall Operator CBL Into Bankruptcy

Another wheel has fallen off in the troubled mall sector, as two real estate trusts have filed for Chapter 11 bankruptcy. The filings, both announced Sunday night (Nov. 1), came from Philadelphia-based PREIT and Tennessee-based CBL & Associates.

Mall Bankruptcies Continue With PREIT And CBL

Two owners of a combined 130 or so malls across the US have filed for bankruptcy, signaling that the pandemic and shifting consumer habits continue to rattle the retail industry.

Two major mall owners file for bankruptcy

Mall owner CBL & Associates filed for Chapter 11 bankruptcy protection late Sunday, after its business was pressured by the coronavirus pandemic, highlighting the stresses the retail real estate industry is facing.

America's malls under pressure: CBL, Pennsylvania REIT, file for bankruptcy

PHILADELPHIA, Nov. 1, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced it has taken the next step to execute its prepackaged financial restructuring plan (the "Prepackaged Plan") under which the Company will be...

PREIT Commences Process to Implement Prepackaged Plan to Strengthen the Business and Enhance Financial Flexibility

PHILADELPHIA, Oct. 26, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today reports that, as a result of progress made in negotiations to date, it has entered into an amendment to the previously announced Restructuring Support...

PREIT Lenders Grant Extension of Time to Achieve Out-of-Court Restructuring

Preferred Apartment Communities

EPR Properties

Whitestone REIT

EPR Properties shares have been hammered, falling more than 66% year to date versus -14% for the Vanguard Real Estate ETF. Whitestone REIT is another beaten-down REIT that's seen shares fall by 55% year to date.

Trick Or Treat: The Scariest REITs

Most of PREIT's lenders have agreed to an out-of-court debt restructuring plan that would buy time for the REIT to recover from the COVID-19 pandemic.

1 Struggling Mall REIT May Have Just Saved Itself From Bankruptcy

PHILADELPHIA, Oct. 14, 2020 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that it has reached an agreement with more than 80% of its bank lenders under which the banks would provide an additional $150 million to...

PREIT Reaches Agreement with Approximately 80% of its Lenders to Recapitalize Business

Abercrombie & Fitch

Brookfield Property Partners

Brookfield Property Partners L.P.

Brookfield Property Partners L.P. - 6.50% PRF PERPETUAL USD 25 - Ser 1 Cls A

Brookfield Property REIT

Home Depot

Lowe's

Tanger Factory Outlet Centers

Simon Property Group

Taubman Centers

Target

Tiffany & Co.

Washington Prime Group

The Mall Meltdown Is Underway

Mr. Cooper Group Inc

Express

iShares Core S&P Small Cap ETF

R1 RCM Inc

Two additions to the S&P SmallCap 600 are rocketing higher, while the two cuts are falling hard.

2 Winners and 2 Losers in Today's S&P Index Changes

Brookfield Property REIT Inc. - Ordinary Shares - Class A

Macerich

From bad to worse. Entering 2020 on already unstable footing following a tsunami of store closings over the past half-decade, mall REITs have been punished by the ongoing coronavirus pandemic.

Mall REITs: Shop Till You Drop

Pennsylvania Real Estate Investment Trust and Washington Prime Group both struggled to collect rent last quarter because of the impact of the COVID-19 pandemic.

Mid-Tier Mall REITs' Earnings Reports Look Awful

Pennsylvania Real Estate Investment Trust (PEI) CEO Joe Coradino on Q2 2020 Results - Earnings Call Transcript

Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -175.00% and -10.61%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Pennsylvania Real Estate (PEI) Reports Q2 Loss, Misses Revenue Estimates

PHILADELPHIA, Aug. 10, 2020 /PRNewswire/ -- PREIT (NYSE: PEI) today reported results for the three and six months ended June 30, 2020.

PREIT Reports Second Quarter 2020 Results

PREIT Preferreds: Attractive Risk-Reward, Despite COVID-19 Headwinds

Brick-and-mortar retail was in the midst of seismic changes even before the pandemic. Analysts say as much as a quarter of America’s malls may close in the next five years.

With Department Stores Disappearing, Malls Could Be Next

When a mall goes dark, a community loses hundreds, if not thousands, of workers providing a significant amount of dollars to the local tax base.

The demise of America's malls can deal a blow to the towns that depend on them

The market was in a good mood, taking the mall REITs along with it. There's a very good reason for that, and for not getting too upbeat.

Why Mall REITs Macerich, Simon, Tanger, and Penn REIT Jumped on June 5

Seritage Growth Properties

Reality Check: The Mall REIT Apocalypse Is Really Here

Pennsylvania REIT: Selling Planks To Plug A Leaky Ship

Pennsylvania Real Estate Investment Trust (PEI) CEO Joe Coradino on Q1 2020 Results - Earnings Call Transcript

Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -39.13% and -10.38%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Pennsylvania Real Estate (PEI) Misses Q1 FFO and Revenue Estimates

The market got a booster shot of good news, but it could be really good for mall owners like Simon.

News for Pennsylvania Real Estate Investment Trust Stock (PEI)