Last $22.83 USD
Change Today +0.16 / 0.71%
Volume 738.0K
PEI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

penn real estate invest tst (PEI) Snapshot

Open
$22.95
Previous Close
$22.67
Day High
$23.02
Day Low
$22.68
52 Week High
11/21/14 - $23.02
52 Week Low
04/29/14 - $16.35
Market Cap
1.6B
Average Volume 10 Days
488.4K
EPS TTM
$-0.24
Shares Outstanding
68.8M
EX-Date
11/26/14
P/E TM
--
Dividend
$0.80
Dividend Yield
3.50%
Current Stock Chart for PENN REAL ESTATE INVEST TST (PEI)

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penn real estate invest tst (PEI) Details

Pennsylvania Real Estate Investment Trust (PREIT) is a publicly owned equity real estate investment trust. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It also provides management, leasing, and development services to affiliate and third party property owners. Pennsylvania Real Estate Investment Trust was founded in 1960 and is based in Philadelphia, Pennsylvania.

610 Employees
Last Reported Date: 02/28/14
Founded in 1960

penn real estate invest tst (PEI) Top Compensated Officers

Chief Executive Officer, Member of Office of ...
Total Annual Compensation: $900.0K
Executive Chairman
Total Annual Compensation: $675.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $467.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $450.2K
Compensation as of Fiscal Year 2013.

penn real estate invest tst (PEI) Key Developments

Pennsylvania Real Estate Investment Trust Declares Quarterly Dividend for Common and Preferred Shares Payable on December 15, 2014

Pennsylvania Real Estate Investment Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on December 15, 2014 to common shareholders of record on December 1, 2014. The company also announced that its Board of Trustees has 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. These dividends are payable on December 15, 2014 to holders of record on December 1, 2014.

Pennsylvania Real Estate Investment Trust and Macerich Open Century 21 Department Store in Philadelphia

Pennsylvania Real Estate Investment Trust and The Macerich Company have announced the opening of The Gallery's new anchor tenant, Century 21 Department Store, in approximately 95,000sqft on the corner of eighth and Market Streets in Philadelphia. As The Gallery prepares for its upcoming, highly-anticipated redevelopment, the opening of the Century 21 Department Store highlights the trendy, popular retailers that will be offered in the coming years at the iconic Philadelphia site, owned in a 50/50 JV between PREIT and MAC.

Pennsylvania Real Estate Investment Trust Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended September 30, 2014 ; Revises Earnings Guidance for the Year Ending December 31, 2014

Pennsylvania Real Estate Investment Trust announced unaudited earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $105,137,000, loss from continuing operations of $886,000, net loss attributable to company common shareholders of $4,821,000 or $0.07 per basic and diluted share compared to the total revenue of $110,274,000, loss from continuing operations of $9,394,000, net income attributable to company common shareholders of $8,240,000 or $0.12 per basic and diluted share for the same quarter a year ago. For the year to date, the company reported total revenue of $321,348,000, loss from continuing operations of $33,292,000, net loss attributable to company common shareholders of $44,174,000 or $0.65 per basic and diluted share compared to the total revenue of $319,282,000, loss from continuing operations of $27,870,000, net income attributable to company common shareholders of $16,423,000 or $0.26 per basic and diluted share for the same period a year ago. The company has revised its estimates of FFO per share for the year ending December 31, 2014 to between $1.81 and $1.84, and its estimates of FFO as adjusted per share to between $1.94 and $1.97. For the year ending December 31, 2014 the company expected diluted net loss per share attributable to company common shareholders of $0.58 to $0.54. 2014 same store NOI growth in the range of 2.0% to 2.4%, excluding lease termination revenue.

 

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