UP!
|
Type
|
Public company |
|---|---|
| Traded as | NYSE: PEI S&P 600 component |
| Industry | Real estate investment trust |
| Founded | 1960 (1960) |
| Founder | Sylvan M. Cohen |
| Headquarters | Philadelphia, Pennsylvania |
|
Key people
|
Joseph F. Coradino, Chairman & CEO |
| Revenue |  $0.399 billion (2016) |
|
Net income
|
 -$0.011 billion (2016) |
| Total assets | $2.616 billion (2016) |
| Total equity | $0.702 billion (2016) |
|
Number of employees
|
347 (2016) |
| Website | www |
Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers in the Mid-Atlantic states.
As of December 31, 2016, the company owned 30 properties in 9 states containing 21.7 million square feet.
Notable properties owned by the company include the following:
The company's largest tenants are as follows:
The company was founded by Sylvan M. Cohen in 1960 as one of the first equity REITs.
In 1997, the company acquired the Rubin Organization for $260 million.
In 2001, founder Sylvan Cohen died.
In 2003, the company acquired 6 shopping malls from The Rouse Company. The company also acquired Crown American Realty Trust.
In 2006, the company acquired Woodland Mall for $177.4 million.
In 2012, Joseph Coradino was named chief executive officer of the company.
In 2013, the company sold 2 shopping centers for $87.3 million.
In 2014, the company acquired a building in Philadelphia.
In 2015, the company acquired Springfield Town Center for $465 million from Vornado Realty Trust.
In 2016, the company sold 4 malls for $93 million.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q2 2022 | 2022-08-09 | 0.00 | 0.00 |
| Q1 2022 | 2022-05-05 | 0.00 | 0.00 |
| Q4 2021 | 2022-03-14 | 0.00 | 0.00 |
| Q3 2021 | 2021-11-04 | 0.00 | 0.00 |
| Q2 2021 | 2021-08-05 | 0.00 | 0.00 |
| Q1 2021 | 2021-05-05 | 0.00 | 0.00 |
| Q4 2020 | 2021-03-11 | 0.00 | 0.00 |
| Q3 2020 | 2020-11-06 | -0.03 | -0.03 |
| Q2 2020 | 2020-08-10 | -0.03 | -0.03 |
| Q1 2020 | 2020-05-21 | -0.02 | -0.02 |
| 2016-04-20 | Upgrade | Stifel Nicolaus | Hold to Buy | $27.00 |
| 2016-04-06 | Upgrade | Boenning Scattergood | Neutral to Outperform | $30.00 |
| 2016-04-04 | Initiated Coverage | Mitsubishi UFJ Financial Group | Overweight | $24.00 |
| 2016-03-14 | Lower Price Target | SunTrust | $28.00 to $26.00 | |
| 2016-03-14 | Lower Price Target | SunTrust Banks Inc. | $28.00 to $26.00 | |
| 2016-03-08 | Reiterated Rating | Barclays | Sell | |
| 2016-03-08 | Reiterated Rating | Barclays PLC | Sell | |
| 2016-03-07 | Boost Price Target | Barclays | Underweight | $18.00 to $19.00 |
| 2016-01-26 | Downgrade | Barclays | Equal Weight to Underweight | $21.00 to $18.00 |
| 2015-12-04 | Initiated Coverage | Boenning Scattergood | Neutral | |
| 2015-07-20 | Lower Price Target | Barclays | Equal Weight | $23.00 to $22.00 |
| 2015-05-11 | Boost Price Target | Citigroup Inc. | Neutral | $23.00 to $24.00 |
| 2015-04-20 | Boost Price Target | Barclays | Equal Weight | $21.00 to $23.00 |
| 2014-12-08 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $19.00 to $23.00 |
| 2014-11-17 | Reiterated Rating | Citigroup Inc. | Hold | $21.00 to $23.00 |
| 2014-08-14 | Reiterated Rating | Citigroup Inc. | Neutral | $20.00 to $21.00 |
| 2014-07-21 | Reiterated Rating | Barclays | Equal Weight | $18.00 to $19.00 |
| 2014-07-21 | Reiterated Rating | Citigroup Inc. | Neutral | $18.00 to $20.00 |
| 2014-04-28 | Reiterated Rating | Citigroup Inc. | Hold | $18.00 |
| 2014-04-22 | Lower Price Target | Barclays | Equal Weight | $19.00 to $18.00 |
| 2014-03-05 | Downgrade | Stifel Nicolaus | Buy to Hold | $21.00 |
| 2014-01-16 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | |
| 2013-10-22 | Lower Price Target | Barclays | Equal Weight | $22.00 to $20.00 |
| 2013-05-06 | Upgrade | Stifel | Hold to Buy | $25 |
| 2009-09-21 | Initiated | Barclays Capital | Equal Weight | $8 |
| 2007-08-29 | Initiated | Citigroup | Hold |
| 2016-04-20 | Upgrade | Stifel Nicolaus | Hold to Buy | $27.00 |
| 2016-04-06 | Upgrade | Boenning Scattergood | Neutral to Outperform | $30.00 |
| 2016-04-04 | Initiated Coverage | Mitsubishi UFJ Financial Group | Overweight | $24.00 |
| 2016-03-14 | Lower Price Target | SunTrust | $28.00 to $26.00 | |
| 2016-03-14 | Lower Price Target | SunTrust Banks Inc. | $28.00 to $26.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In PEI 49 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| COHEN & STEERS CAPITAL MANAGEMENT INC | 8.47M |
| BlackRock Fund Advisors | 5.57M |
| BlackRock Institutional Trust Company, N.A. | 2.53M |
| Global X Management CO LLC | 0.95M |
| BLACKROCK ADVISORS LLC | 0.75M |
| BlackRock Group LTD | 0.56M |
| BlackRock Investment Management, LLC | 0.38M |
| MANAGED ACCOUNT ADVISORS LLC | 0.19M |
| TEACHERS ADVISORS INC | 0.14M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 0.14M |
| Vanguard Group, Inc | 0.14M |
| KeyPoint Capital Management, LLC | 0.11M |
| Gerstein Fisher | 60850 |
| Aperio Group, LLC | 48812 |
| OPPENHEIMER FUNDS INC | 34059 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| CORADINO JOSEPH F President, PREIT Services, LLC | 0.69% (476958) | PEI / |
| McCadden Robert F EVP and CFO | 0.56% (386873) | IRT / PEI / UHT / |
| RUBIN GEORGE F Vice Chairman | 0.33% (225261) | PEI / |
| GLICKMAN EDWARD A President and COO | 0.31% (213253) | CWH / PEI / |
| Cohen Stephen B | 0.22% (150732) | PEI / |
| RUBIN RONALD Chairman and CEO | 0.21% (145508) | PEI / |
| GOLDMAN BRUCE EVP-General Counsel, Secretary | 0.20% (137955) | PEI / |
| KORMAN LEONARD I | 0.14% (97664) | PEI / |
| LINN JEFFREY A EVP-Acquisitions | 0.14% (93225) | PEI / |
| Ventresca Mario C. Jr. EVP - Operations | 0.12% (82973) | PEI / |
| Ioannou Andrew M. EVP - Finance & Acquisitions | 0.09% (65280) | PEI / |
| Bell Jonathen SVP & Chief Accounting Officer | 0.08% (56180) | PEI / |
| ROBERTS JOHN JOSEPH | 0.06% (42644) | AWI / PEI / SFE / VG / |
| PASQUERILLA MARK E | 0.06% (42392) | ASRV / PEI / |
| Most Lisa M. SVP, General Counsel & Sect. | 0.05% (36950) | PEI / |
| DALESSIO WALTER | 0.05% (34223) | BDN / PEI / |
| MAZZIOTTI DONALD F | 0.05% (33112) | PEI / |
| LUBERT IRA M | 0.04% (25322) | PEI / PLMT / |
| PIZZI CHARLES P | 0.03% (22245) | BDN / PEI / PHH / |
| DeMarco Michael J. | 0.03% (17246) | CLI / PEI / |
| GRECO ROSEMARIE B | 0.02% (14797) | OLED / PEI / |
| ALBURGER GEORGE J JR | 0.02% (14194) | LPT / PEI / |
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