Pennsylvania Real Estate Investment Trust, Inc. | REIT Profile

Symbol: PEI
CIK: 77281
Exchange: NYSE
Founded: 1960 (61 years)
HQ: Philadelphia, PA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Retail

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See PEI on SEC.gov

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Overall Score: 3.6

See score breakdown | See trend

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 October 15, 2021


Open Price: $1.9
Closing Price: $1.83
Price Change: -0.04 (-2.139%)
Lowest Price: $1.82
Highest Price: $2.03

52-Week Low: $0.36
52-Week High: $3.47
52-Week Change: 187.96%

5 Day Price Change: 3.89%
1 Month Price Change: 1.08%
3 Month Price Change: -13.02%
6 Month Price Change: -3.11%
YTD Price Change: 87.00%
1 Year Price Change: 222.64%
2 Year Price Change: -58.28%
5 Year Price Change: -86.91%

Dividend of Trading Day October 15, 2021 [Dividends Currently Suspended]


Dividend Yield: 4.372%*
Annualized Dividend: $0.08*
Dividend Yield (TTM): N/A
Annualized Dividend (TTM): N/A
Ex-Dividend Date: N/A
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day October 15, 2021


Total Cash: $38,794,000
Current Debt: $184,025,000
Revenue: $245,321,000
Gross Profit: $245,321,000
Total Revenue: $245,321,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $91,362,000
Revenue Per Share: $3
Revenue Per Employee: $1,052,880
Employee: 175
Debt to Equity Ratio (D/E): 29.65
Profit Margin: -1.30%
Enterprise Value (EV): $1,957,694,645
Enterprise Value to Revenue (EV/R): 7.98
Price to Sales (P/S): 0.59
Price to Book (P/B): 2.05
Peg Ratio: 0.00
P/E Ratio: -0.45
P/E High: -22.43
P/E Low: -33.81
Forward P/E Ratio: -1.41
Market Capitalization: $146,775,752
Beta: 1.30
Latest Volume: 1,068,784.00
Avg. Total Volume: 303,133
Avg. 10 Volume: 327,222.00
Avg. 30 Volume: 303,133.00
TTM EPS: -4.11
TTM Dividend Rate: N/A
Shares Outstanding: 80,205,329
Float: N/A
50-Day Moving Avg.: 1.93
200-Day Moving Avg.: 2.08

Latest REIT Community Comments on #PEI


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Properties Owned by PEI


Properties Based on REIT's Official Presentation

Properties Types States Countries
21 1 9 1

Please visit REIT’s official webpage for the most up-to-date property list.

PEI Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $5.43 per share you would have been able to buy 184 shares of PEI on 2020-10-15 costing $999.12 @ $5.43 per share you would have been able to buy 92 shares of PEI on 2020-10-15 costing $499.56 @ $5.43 per share you would have been able to buy 46 shares of PEI on 2020-10-15 costing $249.78 @ $5.43 per share you would have been able to buy 18 shares of PEI on 2020-10-15 costing $97.74 @ $5.43 per share you would have been able to buy 9 shares of PEI on 2020-10-15 costing $48.87
Current worth On 2021-10-15 these 184 shares would be worth $336.72 @ $1.83 On 2021-10-15 these 92 shares would be worth $168.36 @ $1.83 On 2021-10-15 these 46 shares would be worth $84.18 @ $1.83 On 2021-10-15 these 18 shares would be worth $32.94 @ $1.83 On 2021-10-15 these 9 shares would be worth $16.47 @ $1.83
Dividends earned $0.00 in dividends would have been earned since 2020-10-15 with 184 shares. $0 in dividends would have been earned since 2020-10-15 with 92 shares. $0.00 in dividends would have been earned since 2020-10-15 with 46 shares. $0.00 in dividends would have been earned since 2020-10-15 with 18 shares. $0.00 in dividends would have been earned since 2020-10-15 with 92 shares.
Net (gain / loss)* -662.40 USD -331.20 USD -165.60 USD -64.80 USD -32.40 USD
ROI** -66.30% -66.30% -66.30% -66.30% -66.30%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by PEI. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
PEI 2020-05-29 0.020 -90.48% 2020-05-19 2020-06-01 2020-06-15
PEI 2020-02-28 0.210 --- 2020-02-20 2020-03-02 2020-03-16
PEI 2019-11-29 0.210 --- 2019-10-28 2019-12-02 2019-12-16
PEI 2019-08-30 0.210 --- 2019-07-25 2019-09-03 2019-09-17
PEI 2019-05-31 0.210 --- 2019-04-29 2019-06-03 2019-06-17
PEI 2019-02-28 0.210 --- 2019-02-08 2019-03-01 2019-03-15
PEI 2018-11-30 0.210 --- 2018-10-23 2018-12-03 2018-12-17
PEI 2018-08-31 0.210 --- 2018-07-19 2018-09-04 2018-09-17
PEI 2018-05-31 0.210 --- 2018-04-23 2018-06-01 2018-06-15
PEI 2018-02-28 0.210 --- 2018-02-12 2018-03-01 2018-03-15
PEI 2017-11-30 0.210 --- 2017-10-18 2017-12-01 2017-12-15
PEI 2017-08-30 0.210 --- 2017-06-01 2017-09-01 2017-09-15
PEI 2017-05-30 0.210 --- 2017-04-20 2017-06-01 2017-06-15
PEI 2017-02-27 0.210 --- 2017-02-16 2017-03-01 2017-03-15
PEI 2016-11-29 0.210 --- 2016-10-28 2016-12-01 2016-12-15
PEI 2016-08-30 0.210 --- 2016-07-21 2016-09-01 2016-09-15
PEI 2016-05-27 0.210 --- 2016-05-09 2016-06-01 2016-06-15
PEI 2016-02-26 0.210 --- 2016-02-11 2016-03-01 2016-03-15
PEI 2015-11-27 0.210 --- 2015-10-23 2015-12-01 2015-12-15
PEI 2015-08-28 0.210 --- 2015-07-23 2015-09-01 2015-09-15

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 38,794,000 44,637,000 43,309,000 36,373,000
Receivables 37,846,000 40,413,000 54,532,000 64,367,000
Inventory 0 0 0 5,881,000
Current Assets 76,640,000 85,050,000 97,841,000 153,493,000
Current Assets (Other) 0 0 0 46,872,000
Short Term Investments 0 0 0 46,872,000
Long-term Investments 2,023,417,000 2,046,004,000 2,079,345,000 2,211,570,000
Property, Plant & Equipment Net 1,859,501,000 1,886,925,000 1,911,910,000 1,883,539,000
Goodwill 0 0 0 0
Intangible Assets 10,683,000 11,037,000 11,392,000 11,756,000
Other Assets 124,732,000 125,061,000 127,593,000 138,821,000
Net Tangible Assets 59,998,000 80,487,000 119,664,000 305,605,000
Total Assets 2,100,057,000 2,131,054,000 2,177,186,000 2,365,063,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 184,025,000 193,293,000 202,440,000 221,780,000
Total Current Liabilities 184,025,000 193,293,000 202,440,000 221,780,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,851,317,000 1,851,523,000 1,847,806,000 1,824,888,000
Total Liabilities 2,029,222,000 2,039,376,000 2,045,976,000 2,047,548,000
Minority Interest -6,120,000 -5,440,000 -4,270,000 880,000
Common Stock 78,144,000 77,647,000 77,464,000 1,849,560,000
Retained Earnings -1,766,981,000 -1,742,384,000 -1,699,638,000 -1,504,371,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 70,835,000 91,678,000 131,210,000 317,515,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 68,112,000 59,908,000 58,828,000 58,473,000
Cost of Revenue 0 0 0 0
Gross Profit 68,112,000 59,908,000 58,828,000 58,473,000
Research and Development 0 0 0 0
Selling General and Admin 13,535,000 11,831,000 19,482,000 9,526,000
Operating Expense 74,063,000 78,363,000 78,448,000 80,374,000
Operating Income -5,951,000 -18,455,000 -19,620,000 -21,901,000
Income Expense Net (Other) 6,006,000 5,495,000 19,292,000 5,716,000
EBIT 2,488,000 -12,960,000 -6,691,000 -16,185,000
Interest Income 31,978,000 30,731,000 30,041,000 20,260,000
Pretax Income -25,380,000 -43,980,000 -200,460,000 -29,577,000
Income Tax 0 0 0 0
Minority Interest -783,000 -1,234,000 -5,193,000 -734,000
Net Income -31,441,000 -49,590,000 -202,111,000 -35,686,000
Net Income Basic -31,441,000 -49,590,000 -202,111,000 -35,686,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income -31,441,000 -49,590,000 -202,111,000 -35,686,000
Depreciation 30,233,000 30,290,000 130,880,000 99,269,000
Changes in Receivables 37,846,000 40,413,000 54,532,000 -5,962,000
Changes in Inventories 0 0 0 0
Cash Change 38,794,000 44,637,000 43,309,000 -5,045,000
Cash Flow 18,454,000 16,226,000 14,696,000 -8,823,000
Capital Expenditures -11,718,000 -2,964,000 -65,446,000 -52,770,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -11,470,000 -2,966,000 -16,151,000 -61,197,000
Dividends Paid 0 0 0 0
Net Borrowings 1,812,523,000 1,806,886,000 1,804,497,000 1,741,643,000
Cash Flow Financing 14,300,000 10,575,000 10,227,000 92,851,000
Financing Cash Flows (Other) 0 0 0 0
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
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
2 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.7
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.2
Rating Leverage Section Avg. Rating
3 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.9
2 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
2 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.9
0 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
2 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
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
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
3.6 Overall REITRating™ Score (See trend) 6.2

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.

REITProperty


Below are some of the properties owned by this PEI. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Cherry Hill Mall Mall 2000 Route 38 Cherry Hill NJ
Plymouth Meeting Mall Mall 500 W. Germantown Pike Plymouth Meeting PA
Mall at Prince Georges Mall 3500 East West Hwy Hyattsville MD

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Last updated: 2021-10-15 - v1.9