$PEI News

Last published 3y ago

3y agoPEIPREIT Announces Plan to Commence Trading on OTC MarketsPR NewswireTrust has Applied to OTCQX® PHILADELPHIA, Dec. 15, 2022 /PRNewswire/ -- 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
3y agoPEIPREIT Portfolio Continues to Attract a Broad Range of New TenantsPR NewswireAttractive Properties Build on Momentum of 2021 Record New Leasing and nearly 5% YOY Occupancy Growth PHILADELPHIA, Dec. 14, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today announced execution of leases with new tenants
3y agoPEIPREIT Receives Approvals for 460 Apartments and 165 Room Hotel at Springfield Town CenterPR NewswirePHILADELPHIA, Dec. 13, 2022 /PRNewswire/ -- 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
3y agoPEIPREIT Successfully Achieves Extension of Credit FacilitiesPR NewswireAsset Values Documented in Connection with Credit Facilities Extension Acknowledge Substantial Portfolio Transformation PHILADELPHIA, Dec. 8, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, announced meaningful balance
3y agoPEIExpect New Stores and Many Shoppers at PREIT Malls This Holiday SeasonPR Newswire2021 Record New Leasing Activity Leads to 450,000 square feet of new stores since last holiday season, representing nearly 5% YOY occupancy growth Proactive Cultivation of Local and Small Businesses Leads to Half of
4y agoPEIPREIT Reports Third Quarter 2022 ResultsPR NewswireCore Mall Total Occupancy Increased 480 Basis Points to 94.4% Core Mall Sales Per Square Foot Were $592 in September, up 10.4% compared to 2019 Average Renewal Spreads were 8.7% for the Quarter Ended September
4y agoPEIPREIT's Philadelphia Portfolio Hosting Holiday Season Festivities and ShoppingPR NewswireStarting this month, the community will be invited to enjoy holiday entertainment every weekend! PHILADELPHIA, Nov. 2, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) is making it a season to remember for Philadelphia and its
4y agoPEIPREIT Accelerates Capital-Raising Initiative Surpassing Key MilestonePR NewswireOver $110 million raised through asset sale program $148 million from asset sales and excess cash used to repay debt PHILADELPHIA, Nov. 2, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, marked meaningful balance sheet
4y agoPEIPREIT Opens Q&A Platform for Shareholders Ahead of Third Quarter 2022 Earnings CallPR NewswirePHILADELPHIA, Oct. 31, 2022 /PRNewswire/ -- 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
4y agoPEIPREIT Continues to Drive Portfolio OccupancyPR Newswire370,000 Square Feet of Tenants Opened 420,000 Square Feet of New Leases Signed in 2022 PHILADELPHIA, Oct. 12, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, highlighted continued momentum in store openings and occupancy
4y agoPEIPREIT Schedules Third Quarter 2022 Earnings Release and Conference CallPR NewswirePHILADELPHIA, Oct. 11, 2022 /PRNewswire/ -- 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.
4y agoPEIPREITs Community Commitment was Vivid this AugustPR NewswirePHILADELPHIA, Aug. 30, 2022 /PRNewswire/ -- 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 t
4y agoPEICherry Hill Mall Continues to Attract New-to-Market Trailblazing TenantsPR NewswirePHILADELPHIA, Aug. 18, 2022 /PRNewswire/ -- 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
4y agoPEIPREIT Reports Second Quarter 2022 ResultsPR NewswireTotal Core Mall Leased Space Strong at 95.0% Core Mall Sales Per Square Foot Reached $605 in June, up 12.2% compared to 2019 Average Renewal Spreads were 2.3% for the Six Months Ended June 30th Core Mall Total Occupancy Increased 480 Basis Points t
4y agoPEIPREIT Board of Trustees Welcomes Two New Independent Trustees as Representatives for Preferred ShareholdersPR NewswireChristopher Swann and Kenneth Hart Elected by Preferred Shareholders at 2022 Annual Meeting of Shareholders PHILADELPHIA, Aug. 2, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) (the "Company") today announced that Christopher Swann and Kenneth Hart have been el
4y agoPEIPREIT Opens Q&A Platform for Shareholders Ahead of Second Quarter 2022 Earnings CallPR NewswirePHILADELPHIA, Aug. 2, 2022 /PRNewswire/ -- 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
4y agoPEIPREIT Schedules Second Quarter 2022 Earnings Release and Conference CallPR NewswirePHILADELPHIA, July 21, 2022 /PRNewswire/ -- 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.
4y agoPEIPREIT Delivers Expanding Retailers to New MarketsPR NewswirePortfolio presence in key markets continues to attract growing brands with four expanding retailers opening ten stores PHILADELPHIA, July 19, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today announced that a list of growing retailers are set to join the l
4y agoPEIPREIT Urges Preferred Shareholders to Cast their Votes for Preferred Share Trustee Nominees Prior to August 2, 2022PR NewswireChristopher Swann and Kenneth Hart are Nominees for Preferred Share Trustees PHILADELPHIA, July 14, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today issued the following statement: www.
4y agoPEIPREIT Urges Preferred Shareholders to Cast their Votes for Preferred Share Trustee Nominees Prior to August 2, 2022, and Addresses the Cygnus Capital Statement Issued July 7, 2022PR NewswirePHILADELPHIA, July 8, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today issued the following statement: www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREI
4y agoPEICygnus Capital Issues Statement Regarding the Right of Holders of Preferred Shares of Pennsylvania Real Estate Investment Trust to Elect Two Board Trustees at the Recently Adjourned 2022 Annual Meeting of ShareholdersPR NewswireDetails Voting Intentions and Reasons Why There Is Urgency to Add Two Independent Preferred Stock Trustees to the Board ATLANTA, July 7, 2022 /PRNewswire/ -- Cygnus Capital, Inc. (together with its affiliates, "Cygnus"), a significant and long-term sh
4y agoPEIPREIT Closes on Sale of Multi-Family Land at Moorestown Mall with Year-To-Date Asset Sale Proceeds and Excess Cash from Operations Used to Reduce Debt by $82 millionPR NewswirePHILADELPHIA, July 5, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, announced that it has sold two additional assets for $14.2 million. www.preit.com or on Twitter or LinkedIn. (PRNe
4y agoPEIPREIT Closes on Sale of Interest in Gloucester Premium Outlets, Reducing Debt by $35.4 MillionPR NewswireMarks key step in executing on the Company's capital plan PHILADELPHIA, June 23, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, announced that it has sold its 25% interest in the entity that owns Gloucester Premium Outlets.
4y agoPEIWith Sales Per Square Foot Over $600, Dartmouth Mall Adds Two New TenantsPR NewswireZumiez and Skechers Add New Offerings to The Curated Dominant Regional Mall PHILADELPHIA, June 16, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today announced new additions to Dartmouth Mall, a key property in PREIT's "Winner Take All" segment — as nearby
4y agoFCPT PEIFCPT Announces $32.5 million Outparcel Portfolio with PREITBusiness WireFour Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce that it has signed a definitive agreement for the purcha
4y agoPEIPREITs Premier Properties Continue to Grow Sales in the Face of Macro HeadwindsPR NewswirePortfolio Quality Underscored by April Sales and Strong Leasing Activity at Key Assets PHILADELPHIA, June 9, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) (the "Company"), a leading real estate investment trust highlighted continued sales, traffic and leasing
4y agoPEIPREIT Executes Purchase and Sale Agreements for $35 millionPR NewswireAgreement of Sale for 11 outparcels fully executed Purchase and Sale Agreement for the hotel at Springfield Town Center fully executed for $2.5 million PHILADELPHIA, May 31, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) (the "Company") announced execution o
4y agoPEIPREIT Reports First Quarter 2022 ResultsPR NewswireCore Mall Sales Per Square Foot Reach $613 in March, up from $603 at Year End Strong Leasing Activity Resulted in Core Mall Leased Space at 94.0% Asset Sales in Process Increased to $275 Million PHILADELPHIA, May 5, 2022 /PRNewswire/
4y agoPEIPREIT Schedules First Quarter 2022 Earnings Release and Conference CallPR NewswirePHILADELPHIA, April 28, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) intends to release its financial results for the quarter ending March 31, 2022 before market trading begins on Thursday, May 5, 2022.
4y agoPEIPREIT Experiences Substantial Operating MomentumPR NewswireCore Mall Comparable Sales Reach Record-High $618 per square foot PHILADELPHIA, March 29, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, provi
4y agoPEIPREIT Endorses Shareholder Nominations for Two New Independent Trustees as Representatives for Preferred ShareholdersPR NewswireChristopher Swann and Kenneth Hart to Stand for Election by Preferred Shareholders at 2022 Annual Meeting of Shareholders PHILADELPHA, March 28, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) (the "Company") today announced that Christopher Swann and Kenneth H
4y agoPEIPREIT Reports Fourth Quarter and Full Year 2021 ResultsPR NewswireCore Mall Sales Per Square Foot Reach $614 in January, up from $603 at Year End Cherry Hill Mall Sales Near $1,000 per square foot Strong Total Core Mall Leased Space at 94.3% PHILADELPHIA, March 14, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) today re
4y agoPEIPREIT Opens Q&A Platform for Shareholders Ahead of Fourth Quarter 2021 Earnings CallPR NewswirePHILADELPHIA, March 8, 2022 /PRNewswire/ -- 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 fourth quarte
4y agoPEICYGNUS CAPITAL, INC. ISSUES OPEN LETTER TO SHAREHOLDERS OF PENNSYLVANIA REAL ESTATE INVESTMENT TRUSTPR NewswireATLANTA, Feb. 28, 2022 /PRNewswire/ -- Cygnus Capital, Inc. (together with its affiliates, "Cygnus"), a significant and long-term shareholder of beneficial interests and preferred shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) ("PEI" or
4y agoPEICherry Hill Mall Establishes New Level of Prestige with Forthcoming Retail and Dining OfferingsPR NewswirePHILADELPHIA, Feb. 22, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced new and enticing additions to its flagship, Cherry Hill Mall.
4y agoPEIPREIT Schedules Fourth Quarter 2021 Earnings Release and Conference CallPR NewswirePHILADELPHIA, Feb. 11, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) intends to release its financial results for the quarter and year ending December 31, 2021 after market trading closes on Monday, March 14, 2022.
4y agoPEIPREIT Acknowledges Receipt of NYSE Continued Listing Standard NoticePR NewswirePHILADELPHIA, Feb. 10, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) announced today that on February 4, 2022 it received formal notice from the New York Stock Exchange (the "NYSE") of non-compliance (the "NYSE Notice") with the NYSE's continued listing standa
4y agoPEIPREIT AND MERLIN ENTERTAINMENTS TO BRING NEXT GENERATION OF LEGO® DISCOVERY CENTERS TO SERVE THE WASHINGTON DC MARKET AT SPRINGFIELD TOWN CENTERPR NewswirePHILADELPHIA, Feb. 4, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced that Springfield Town Center has executed an agreement with Merlin Entertain
4y agoPEIPREIT Core Mall Sales Traverse $600 per Square Foot MilestonePR NewswirePHILADELPHIA, Jan. 31, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, announced that 2021 closed on a high note with core mall rolling 12 month
4y agoPEIPREIT Reports Strong Sales and Holiday Traffic and Progress on Key Strategic InitiativesPR NewswirePHILADELPHIA, Jan. 12, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) (the "Company"), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced meaningful increases in shopper traffic over the holiday
4y agoPEIPREIT Makes Meaningful Progress on Key Balance Sheet Improvement Initiatives, Securing Extension of Woodland Mall Mortgage and Unappealable Approval on Multi-Family Development at Moorestown MallPR NewswirePHILADELPHIA, Dec. 15, 2021 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced that it has met the criteria to extend the mortgage loan secured by Woodlan
4y agoPEIOnline Darlings Warby Parker and Amazon 4-Star Set to Open at PREIT's Cherry Hill Mall in 2022PR NewswirePHILADELPHIA, Nov. 17, 2021 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the upcoming addition of Warby Parker and Amazon 4-Star at its Cherry Hill
5y agoPEIPREIT Reports Third Quarter 2021 ResultsPR NewswirePHILADELPHIA, Nov. 4, 2021 /PRNewswire/ -- PREIT (NYSE:PEI) today reported results for the three and nine months ended September 30, 2021. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial
5y agoPEIPREIT Issues Inaugural Sustainability ReportPR NewswirePHILADELPHIA, Oct. 28, 2021 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today issued the Company's first-ever sustainability report. The report highlights the C
5y agoPEIPREIT Announces New Q&A Platform for Shareholders Ahead of Third Quarter 2021 Earnings CallPR NewswirePHILADELPHIA, Oct. 26, 2021 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the launch of a shareholder Q&A platform to be used for its upcoming third
5y agoPEIPREIT Schedules Third Quarter 2021 Earnings Release and Conference CallPR NewswirePHILADELPHIA, Oct. 14, 2021 /PRNewswire/ -- PREIT (NYSE:PEI) intends to release its financial results for the quarter ending September 30, 2021 before market trading begins on Thursday, November 4, 2021.
5y agoPEIPREIT Portfolio Demonstrates Strength As Consumers Continue To Choose In-Person ExperiencesPR NewswirePHILADELPHIA, Oct. 13, 2021 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced continued strong metrics in traffic, sales and collections. By analyzing th
5y agoPEIPREIT and Tilt to Rekindle the Amusement Experience of Willow Grove ParkPR NewswirePHILADELPHIA, Oct. 4, 2021 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced Tilted 10 and Tilt Studio by Nickels and Dimes Incorporated, an action-pack
5y agoPEIPREIT to Present at the Shareholder Equity ConferencePR NewswirePHILADELPHIA, Sept. 22, 2021 /PRNewswire/ -- PREIT (NYSE:PEI) today announced that management will present at the Shareholder Equity Conference, held virtually, on Monday, September 27, 2021 at 1:30pm ET.
5y agoPEIPREIT Core Mall Sales Increase 17% in July to Kickoff Back-To-School SeasonPR NewswirePHILADELPHIA, Aug. 23, 2021 /PRNewswire/ -- PREIT is celebrating its various constituencies with its 2021 back-to-school campaign. With sales predicted to break records by the National Retail Federation, PREIT malls are ready to greet customers, while