Pennsylvania Real Estate Investment Trust (PEI)

PREIT is a publicly traded real estate investment trust that owns and manages distinctive real estate in high barrier-to-entry markets at the forefront of enabling communities through the built environment. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in densely-populated, high barrier-to-entry markets with tremendous opportunity to create vibrant multi-use destinations.

Company profile

Ticker

PEI, PEI-PB, PEI-PC, PEI-PD

Exchange

NYSE

Website

www.preit.com

CEO

Joseph Coradino

Incorporated

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • VEREIT • Prologis • Vornado Realty Trust • Vornado Realty • Welltower • Healthpeak Properties • Erp Operating LTD Partnership ...

SEC CIK

0000077281

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

801 Developers, LP • Bala Cynwyd Associates, LP • Plymouth Ground Associates, LP • PR 8-10 Market LP • PR 907 MARKET MEZZ LP • PR AEKI Plymouth, LP • PR BOS LP • PR Capital City Limited Partnership • PR CC Limited Partnership • PR Exton Limited Partnership ...

IRS number

236216339

PEI stock data

1M 1Y 5Y

News

From Benzinga Pro

Pennsylvania REIT Q2 EPS $1.71 Up From $0.48 YoY, Sales $73.13M Down From $74.12M YoY

9 Aug 22

Pennsylvania REIT (NYSE:PEI) reported quarterly earnings of $1.71 per share. This is a 256.25 percent increase over earnings of $0.48 per share from the same period last year. The company reported $73.13 million in

Earnings Scheduled For August 9, 2022

9 Aug 22

Companies Reporting Before The Bell • Cognition Therapeutics (NASDAQ:CGTX) is estimated to report earnings for its second quarter.

Short Interest Sector Focus: Real Estate Sector

2 Aug 22

As of the close of business on Monday, 8/1, we captured the Top 10 Highest Short Interest % stocks within the Real Estate Sector. The average short interest for stocks within the Real Estate sector stands at 2.88%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

5 Short Squeeze Stocks That May Soar: ToughBuilt, Blue Hat And This Streaming Company

25 Jul 22

5 Short Squeeze Candidates To Watch This Week: Singing Machine Company, Revlon And More

11 Jul 22

Press releases

From Benzinga Pro

Cherry Hill Mall Continues to Attract New-to-Market Trailblazing Tenants

18 Aug 22

PHILADELPHIA, 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

PREIT Reports Second Quarter 2022 Results

9 Aug 22

Total 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

PREIT Board of Trustees Welcomes Two New Independent Trustees as Representatives for Preferred Shareholders

2 Aug 22

Christopher 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

PREIT Opens Q&A Platform for Shareholders Ahead of Second Quarter 2022 Earnings Call

2 Aug 22

PREIT Schedules Second Quarter 2022 Earnings Release and Conference Call

21 Jul 22

Calendar

9 Aug 22

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart PEI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	36.81M	36.81M	36.81M	36.81M	36.81M	36.81M
Cash burn (monthly)	8.1M	815.58K	(no burn)	1.79M	(no burn)	(no burn)
Cash used (since last report)	13.6M	1.37M	n/a	3M	n/a	n/a
Cash remaining	23.21M	35.44M	n/a	33.81M	n/a	n/a
Runway (months of cash)	2.9	43.5	n/a	18.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

PEI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
3 Aug 22	Kenneth B. Hart	Restricted Share Units Shares of Beneficial Interest	Grant	Acquire A	No	No	25,300	25,300
3 Aug 22	Christopher Swann	Restricted Share Units Shares of Beneficial Interest	Grant	Acquire A	No	No	25,300	25,300
3 Jun 22	Alburger George J JR	Restricted Share Units Shares of Beneficial Interest	Grant	Acquire A	No	No	261,477	261,477

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

PEI institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	43	70	-38.6%
Opened positions	5	6	-16.7%
Closed positions	32	13	+146.2%
Increased positions	0	12	EXIT
Reduced positions	34	22	+54.5%

13F shares	Current	Prev Q	Change
Total value	44.98M	49.56M	-9.2%
Total shares	13.98M	22.43M	-37.7%
Total puts	36.3K	206.6K	-82.4%
Total calls	40.6K	164.7K	-75.3%
Total put/call ratio	0.9	1.3	-28.7%

Largest owners	Shares	Value	Change
He Zhengxu	6.72M	$35.83M	0.0%
Saunders Family Trust dated 11/7/08	6.6M	$6.93M	0.0%
Vanguard	150.74K	$505K	-93.3%
Cygnus Capital	147.8K	$532K	-89.8%
Lido Advisors	145.72K	$488K	-91.8%
MS Morgan Stanley	39.16K	$132K	-23.6%
Geode Capital Management	33.13K	$110K	-93.3%
IVZ Invesco	22.11K	$74K	-91.7%
Brown Advisory	20.33K	$68K	-93.3%
Group One Trading	16.5K	$55K	-91.8%

Largest transactions	Shares	Bought/sold	Change
Vanguard	150.74K	-2.11M	-93.3%
Lido Advisors	145.72K	-1.64M	-91.8%
Cygnus Capital	147.8K	-1.3M	-89.8%
Geode Capital Management	33.13K	-463.92K	-93.3%
Veritable	14.08K	-300.92K	-95.5%
Brown Advisory	20.33K	-284.67K	-93.3%
IVZ Invesco	22.11K	-245.03K	-91.7%
BLK Blackrock	1.52K	-219.35K	-99.3%
STT State Street	16.28K	-216.57K	-93.0%
Group One Trading	16.5K	-185.3K	-91.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

New words: altogether, automatically, bid, Blackwood, bring, fractional, George, par, pattern, PEI, pressure, pursuing, retrospectively, reverse, split, symbol, vendor

Removed: assist, assumed, breached, country, derecognized, disease, government, impose, infected, length, nonperformance, people, recommended, relaxation, restricting, settle, vaccination, widespread

From filing 10-Q 2022 Q2

Financial reports

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