Company profile

Ticker
PEI
Exchange
CEO
Joseph F. Coradino
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
236216339

PEI stock data

(
)

Calendar

2 Aug 19
22 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 81.39M 85.31M 96.04M 88.1M
Net income -5.75M -14.54M -78.78M -745K
Diluted EPS -1.23 -0.11
Net profit margin -7.07% -17.04% -82.03% -0.85%
Net change in cash 4.81M -7.67M -1.21M -22.9M
Cash on hand 15.23M 10.42M 18.08M 19.29M
Cost of revenue 33.76M 35.13M 35.77M 34.7M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 362.4M 367.49M 399.95M 425.41M
Net income -110.33M -25.95M -9.66M -116.68M
Diluted EPS -1.98 -0.84 -0.4 -1.93
Net profit margin -30.44% -7.06% -2.42% -27.43%
Operating income* -76.89M 157K 44.89M -51.75M
Net change in cash 2.74M 5.55M -13.05M -17.58M
Cash on hand 18.08M 15.35M 9.8M 22.86M
Cost of revenue 141.23M 140.31M 156.22M

Financial data from company earnings reports. *Asterisk values are approximate.

Financial report summary

?
Management Discussion
  • Net loss for the three months ended June 30, 2019 was $6.1 million, a decreased loss of $26.2 million compared to a net loss of $32.3 million for the three months ended June 30, 2018. This decreased loss primarily reflected an impairment of assets of $34.3 million for the three months ended June 30, 2018, which was not repeated in 2019, and which was partially offset by: (a) a $6.9 million decrease in lease termination revenues; (b) a $1.5 million decrease in capitalized leasing costs as a result of the adoption of ASC 842 effective January 1, 2019; and (c) a $2.0 million decrease in non-Same Store NOI.
  • Net loss for the six months ended June 30, 2019 was $22.3 million, a decreased loss of $13.7 million compared to a net loss of $36.0 million for the six months ended June 30, 2018. This decreased loss primarily reflected an impairment of assets of $34.3 million for the six months ended June 30, 2018, which was not repeated in 2019, and which was partially offset by: (a) a $6.7 million decrease in lease termination revenues (b) a loss on debt extinguishment of $4.8 million incurred in connection with the defeasance of a mortgage loan recorded in the first quarter of 2019; (c) an asset impairment of $1.5 million on an undeveloped land parcel recorded in the first quarter of 2019; (d) a $2.2 million decrease in gains on sale of real estate by equity method investees; (e) a $2.7 million decrease in capitalized leasing costs as a result of the adoption of ASC 842 effective January 1, 2019; (f) a $0.5 million increase in employee separation expenses; (g) $0.4 million of dilution from asset sales; (h) a $3.3 million decrease in non-Same Store NOI; and (i) a $0.6 million increase in interest expense.
  • See “Non-GAAP Supplemental Financial Measures—Net Operating Income” for the definition and additional discussion about Net Operating Income, a non-GAAP measure.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: announced, ARRC, attack, attention, authority, authorized, behalf, brand, card, catastrophic, Certification, compelling, complementary, confidential, Coradino, create, cyber, cybersecurity, Dartmouth, debit, deploy, detect, diminish, discontinuation, disrupting, disruption, divert, downsizing, duly, electronic, embedded, Exhibit, experienced, external, fluctuate, focused, frequently, hardware, hosted, hotel, incident, Inline, instance, Interactive, intrusion, Joseph, Label, launched, Linkbase, litigation, London, McCadden, misappropriation, misuse, mitigation, multifamily, notification, notify, paced, Page, panel, perpetrated, personally, phase, privacy, proposed, proprietary, regulatory, relief, rely, reputation, respond, retention, Robert, Schema, shopper, software, solar, sophistication, stop, storage, submit, support, susceptible, system, Taxonomy, telecommunication, thereunto, today, train, transmission, transmit, turn, unauthorized, undersigned, undetected, user, vulnerable, wide, XBRL
Removed: combined, removal, snow