Pennsylvania Real Estate Investment Trust, Inc.

Symbol: PEI
CIK: 77281
Exchange: NYSE
Founded: 1960 (59 years)
HQ: Philadelphia, PA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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See PEI on SEC.gov

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Overall Score: 5.8

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 4, 2019


Open Price: $5.19
Closing Price: $5.16
Price Change: -0.01 (-0.193%)
Lowest Price: $5.1
Highest Price: $5.31

52-Week Low: $4.34
52-Week High: $8.20
52-Week Change: -34.22%

5 Day Price Change: -10.71%
1 Month Price Change: -11.32%
3 Month Price Change: -7.35%
6 Month Price Change: -20.83%
YTD Price Change: -15.52%
1 Year Price Change: -34.22%
2 Year Price Change: -52.57%
5 Year Price Change: -78.35%

Dividend of Trading Day December 4, 2019


Dividend Yield: 4.07%*
Annualized Dividend: $0.21*
Dividend Yield (TTM): 16.248%
Annualized Dividend (TTM): $0.84
Ex Dividend Date: 2019-11-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day December 4, 2019


Total Cash: $32,445,000
Current Debt: $18,561,000
Revenue: $364,600,000
Gross Profit: $87,370,000
Total Revenue: $364,600,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $186,276,000
Revenue Per Share: $5
Revenue Per Employee: $1,330,657
Employee: 274
Debt to Equity Ratio (D/E): 3.77
Profit Margin: -0.30%
Enterprise Value (EV): $2,074,679,920
Enterprise Value to Revenue (EV/R): 5.69
Price to Sales (P/S): 1.23
Price to Book (P/B): 1.01
Peg Ratio: -0.01
P/E Ratio: -3.53
P/E High: -5.78
P/E Low: -2.93
Forward P/E Ratio: -25.04
Market Capitalization: $400,374,720
Beta: 1.47
Latest Volume: 1,666,424.00
Avg. Total Volume: 1,453,200
Avg. 10 Volume: 1,500,214.80
Avg. 30 Volume: 1,453,199.67
TTM EPS: -1.46
TTM Dividend Rate: 0.84
Shares Outstanding: 77,592,000
Float: 60,127,903.01
50-Day Moving Avg.: 5.67
200-Day Moving Avg.: 5.98

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Properties Owned by PEI


Properties owned:
21
Types:
1
States:
9
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
PEI Sample Property
Website Logo See list of properties owned by PEI
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by PEI, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 0 26,532,000 22,642,000 32,445,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 143,440,000 153,318,000 149,795,000 131,124,000
Property, Plant & Equipment Net 0 17,700,000 0 0
Goodwill 0 0 0 5,249,000
Intangible Assets 0 15,963,000 17,020,000 12,619,000
Other Assets 108,480,000 78,732,000 130,288,000 118,751,000
Net Tangible Assets 462,490,000 424,713,000 462,703,000 402,121,000
Total Assets 2,334,046,000 2,374,933,000 2,390,471,000 2,405,114,000
Accounts Payable 0 0 0 0
Liabilities (Other) 206,081,000 177,214,000 193,283,000 198,368,000
Current Liabilities (Other) 87,554,000 89,652,000 91,227,000 92,057,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 9,121,000 13,598,000 18,561,000
Long-term Debt 1,665,475,000 1,543,748,000 1,519,643,000 1,641,634,000
Total Liabilities 1,871,556,000 1,912,083,000 1,888,524,000 1,858,563,000
Minority Interest 454,000 -329,000 -1,688,000 -10,052,000
Common Stock 0 77,547,000 77,383,000 70,495,000
Retained Earnings 0 -1,371,499,000 -1,342,626,000 -1,306,318,000
Treasury Stock 0 0 0 0
Capital Surplus 0 1,763,798,000 1,761,736,000 1,671,042,000
Shareholder Equity 462,490,000 458,125,000 496,114,000 440,781,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 81,374,000 80,192,000 84,105,000 99,242,000
Cost of Revenue 65,401,000 66,991,000 71,319,000 69,129,000
Gross Profit 15,973,000 13,201,000 12,786,000 30,113,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 76,006,000 77,317,000 81,237,000 78,754,000
Operating Income 5,070,000 2,604,000 1,855,000 20,053,000
Income Expense Net (Other) 19,646,000 -8,684,000 -18,078,000 -108,887,000
EBIT 5,070,000 2,604,000 1,855,000 20,053,000
Interest Income 15,534,000 14,354,000 14,698,000 18,491,000
Pretax Income 24,716,000 -6,080,000 -16,223,000 -88,834,000
Income Tax 0 0 0 0
Minority Interest 454,000 -329,000 -1,688,000 -10,052,000
Net Income 24,040,000 -5,975,000 -14,753,000 -78,912,000
Net Income Basic 17,197,000 -12,819,000 -21,597,000 -85,756,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 24,040,000 -5,975,000 -14,753,000 -78,912,000
Depreciation 0 33,229,000 36,191,000 33,359,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 3,890,000 -9,803,000 421,000
Cash Flow 0 39,267,000 23,003,000 40,650,000
Capital Expenditures 0 -43,465,000 -34,521,000 -35,645,000
Investments 0 13,920,000 -6,183,000 -5,155,000
Investing Activity (Other) 0 -156,000 -320,000 -12,022,000
Total Investing Cash Flows 0 -27,501,000 -38,749,000 -41,699,000
Dividends Paid 0 -23,123,000 -21,773,000 -21,640,000
Net Borrowings -45,115,000 15,375,000 29,740,000 24,555,000
Cash Flow Financing -45,115,000 -7,876,000 5,943,000 1,470,000
Financing Cash Flows (Other) 0 -464,000 -1,698,000 -1,737,000
Exchange Rate Effect 0 0 0 0

About Pennsylvania Real Estate Investment Trust, Inc.


PREIT is a publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls. Headquartered in Philadelphia, Pennsylvania, the company owns and operates over 25 million square feet of retail space in the eastern half of the United States with concentration in the Mid-Atlantic region’s top MSAs. Since 2012, the company has driven a transformation guided by an emphasis on balance sheet strength, high-quality merchandising and disciplined capital expenditures

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.9
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
6 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
7 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
2 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
5.8 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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