CSIMarket Company Name, Ticker, Industry, else..
 
Pennsylvania Real Estate Investment Trust  (PRET)
Other Ticker:  
 
 
Price: $0.4974 $-0.01 -2.471%
Day's High: $0.52 Week Perf: 2.14 %
Day's Low: $ 0.48 30 Day Perf: 90.57 %
Volume (M): 46 52 Wk High: $ 0.00
Volume (M$): $ 23 52 Wk Avg: $0.00
Open: $0.51 52 Wk Low: $0.00



 Market Capitalization (Millions $) 3
 Shares Outstanding (Millions) 5
 Employees 104
 Revenues (TTM) (Millions $) 283
 Net Income (TTM) (Millions $) -184
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 34

Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust, also known as PREIT, is a real estate investment trust company that specializes in owning and managing retail shopping malls and power centers throughout the eastern United States. PREIT was founded in 1960 and is headquartered in Philadelphia, Pennsylvania.

Currently, PREIT owns and operates over 20 million square feet of retail space in approximately 20 shopping malls and strip centers located in 11 different states. These properties are primarily concentrated in the eastern half of the United States with a strong presence in Pennsylvania, New Jersey, and New York.

PREIT's portfolio includes a diverse mix of tenants, including department stores, grocery stores, specialty retailers, restaurants, and entertainment venues. Some of their anchor tenants include Macy's, JCPenney, and Target. Additionally, PREIT works to continually adapt its properties to changing market and consumer preferences, with recent development projects focusing on mixed-use developments and urban infill projects.

PREIT is committed to sustainability and has implemented a number of environmentally conscious initiatives throughout its properties, including energy-efficient lighting, HVAC systems, and landscaping practices. They have also implemented recycling programs and green cleaning practices.

In recent years, PREIT has faced some financial challenges, including a high level of debt and declining foot traffic in many of its properties due to the rise of e-commerce. However, the company has taken steps to address these issues, including selling off non-core assets, implementing cost-cutting measures, and focusing on redevelopment and repositioning initiatives.

In summary, Pennsylvania Real Estate Investment Trust is a prominent real estate investment trust company that owns and manages retail shopping malls and strip centers throughout the eastern United States. PREIT's diverse tenant mix, commitment to sustainability, and focus on redevelopment and repositioning initiatives make it a strong player in the retail real estate industry.


   Company Address: One Commerce Square Philadelphia 19103 PA
   Company Phone Number: 875-0700   Stock Exchange / Ticker: PRET


   

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Pennsylvania Real Estate Investment Trust

Pennsylvania Real Estate Investment Trust Struggles with -$12.00 Per Share Deficit in Q3 2023, Resulting in Significant Drop in Stock Price

During the past 5 trading days, Pennsylvania Real Estate Investment Trust (PREIT) shares have experienced a significant drop of -7.01%. This decline has caused their shares to trade -36.4% below their 52-week average. There are a few factors contributing to this downward trend.
One major factor is the financial performance of PREIT in the third quarter of 2023. During this period, the company reported a loss of $-12.00 per share, which is an improvement from the previous year when they had a loss of $-14.52 per share. However, this figure represents an increased deficit from the previous quarter's loss of $-9.73 per share. This negative news may have influenced investors to sell off their shares, causing the drop in stock price.
Pennsylvania Real Estate Investment Trust

Significant Contraction in Quarterly Top-line Reported by Pennsylvania Real Estate Investment Trust Amid 2023's Second Quarter

Over the past week, Pennsylvania Real Estate Investment Trust (PRET) experienced a significant decline in its stock price, dropping by -8.88%. Additionally, despite trading 12.9% above its 52-week low, the company is facing challenges in its financial performance.
In the financial period ending June 30, 2023, PRET witnessed lower orders, resulting in a decrease in revenue and a larger shortfall. The company's Diminishing Returns expanded to $-9.73 per share, indicating a decline in profitability. The revenue dropped by -7.77% to $67.45 million compared to the previous year.
Pennsylvania Real Estate Investment Trust

PREIT's Revenue Takes a Hit in Q1 2023 - Is the Real Estate Investment Trust in Trouble?

Pennsylvania Real Estate Investment Trust (PREIT) has had a rough year, recording a cumulative net loss of $-163 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on investment (ROI) of -9.02%. These dismal figures are a cause for concern and signal that this real estate investment trust (REIT) is struggling in the current market climate.
PREIT operates in the financial sector, where it competes with 1,105 other companies. Unfortunately, PREIT's ROI has been falling, and within the sector, it ranks at a dismal 3445. This is a significant drop when compared to the previous quarter, where it had a total ranking of 0. This downward trend is a red flag and should serve as a warning to potential investors.









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