Company profile

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

PEI stock data

(
)

Calendar

4 Nov 19
11 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 81.37M 81.39M 85.31M 96.04M
Net income 24.26M -5.75M -14.54M -78.78M
Diluted EPS -1.23
Net profit margin 29.82% -7.07% -17.04% -82.03%
Net change in cash -3.52M 4.81M -7.67M -1.21M
Cash on hand 11.71M 15.23M 10.42M 18.08M
Cost of revenue 33.76M 35.13M 35.77M
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

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Management Discussion
  • Net income for the three months ended September 30, 2019 was $24.7 million compared to a net loss of $1.6 million for the three months ended September 30, 2018. This $26.4 million change primarily reflects a gain on debt extinguishment of $29.6 million and net insurance recoveries of $2.9 million recorded in the three months ended September 30, 2019, which was partially offset by: (a) a $3.5 million decrease in Same Store NOI; (b) a $2.2 million decrease in Non Same Store NOI; (c) a $2.2 million increase in general and administrative expenses, primarily due to a $1.2 million decrease in capitalized leasing costs as a result of the adoption of ASC 842 effective January 1, 2019; and (d) a $1.2 million decrease in other income primarily due to historic tax credit revenues recorded in the 2018 period, which did not recur in the 2019 period, and lower corporate sponsorship revenues compared to the 2018 period.
Content analysis ?
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Legalese
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Readability
H.S. junior Avg
New words: bankrupt, challenging, conveyance, FCA, fully, governing, magnified, manner, NaN, release, requisite, residential, sudden, thirteen, tied, unavailable, uncertainty, vi, vii, viii, wholly, wrote
Removed: basic, computational, correcting, East, error, Gallery, noncontrolling, open, reconstruction, undergoing