75,000 Square Feet of Retail and Entertainment Space Set to Open in 2023 Occupancy to Reach Record 95.5% Upon Opening of LEGO Discovery Center and Burlington Approvals Recently Obtained for 460 Apartments and 165 Room Hotel PHILADELPHIA, Jan. 5, 2023 /PRNewswire/ -- PREIT , today, announced that it has signed a lease with Burlington Stores for a new 30,000 square foot store at Springfield Town Center in Fairfax County, VA, expected to open in 2023. It will join the new LEGO ® Discovery Center and several other new additions including Lovisa, BoxLunch, Daily Thread and Carters among others. The opening of these new tenants will drive occupancy at Springfield Town Center to a record 95.5%

Trust has Applied to OTCQX® PHILADELPHIA, Dec. 15, 2022 /PRNewswire/ -- PREIT announced today that it intends to transfer the trading of its shares to the OTC Markets, operated by the OTC Markets Group, Inc., under the symbols PRET, PRETL, PRETM, and PRETN, where PREIT has applied to be traded on the OTCQX®. The transition to the over-the-counter market will not affect the Company's business operations and PREIT will continue to create the compelling experiences our shoppers and tenants seek, adding new tenants and experiences to its properties.  The Company remains focused on improving its balance sheet, having recently extended its Credit Facilities and obtained approvals for multi-family

Attractive Properties Build on Momentum of 2021 Record New Leasing and nearly 5% YOY Occupancy Growth PHILADELPHIA, Dec. 14, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today announced execution of leases with new tenants throughout its portfolio, highlighting the compelling nature of its footprint to expanding retailers. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration

PHILADELPHIA, Dec. 13, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, announced that it has obtained unanimous approval from the Fairfax County Board of Supervisors for the development of 460 apartments and a 165-room hotel, paving the way for the sale of the land parcels both of which are under agreement of sale.  A key part of PREIT's capital plan, the sale of these parcels is expected to generate approximately $20 million for PREIT, in addition to the $112 million in proceeds the Company has raised from asset sales in 2022. The Company expects to close on these sales at Springfield Town Center in Q2 2023 and has another $120 million of asset sales in the pipeline.

Asset Values Documented in Connection with Credit Facilities Extension Acknowledge Substantial Portfolio Transformation PHILADELPHIA, Dec. 8, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, announced meaningful balance sheet improvements through successfully extending its Credit Facilities. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Great

Core Mall Total Occupancy Increased 480 Basis Points to 94.4% Core Mall Sales Per Square Foot Were $592 in September, up 10.4% compared to 2019 Average Renewal Spreads were 8.7% for the Quarter Ended September 30 PHILADELPHIA, Nov. 8, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) today reported results for the three and nine months ended September 30, 2022.  A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus

Over $110 million raised through asset sale program  $148 million from asset sales and excess cash used to repay debt PHILADELPHIA, Nov. 2, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, marked meaningful balance sheet improvements. The Company is underway with a robust capital raising effort, seeking to improve its balance sheet and mitigate the impact of interest expenses to drive earnings. As a result of completed asset sales, the Company has applied proceeds and excess cash from operations to pay down debt by $148 million through October 31, 2022.  www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)"

PHILADELPHIA, Oct. 31, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the opening of its shareholder Q&A platform for its upcoming third quarter earnings call on Tuesday, November 8, 2022 at 11:00 am EDT. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in th

370,000 Square Feet of Tenants Opened  420,000 Square Feet of New Leases Signed in 2022 PHILADELPHIA, Oct. 12, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, highlighted continued momentum in store openings and occupancy across its portfolio. As of June 30, 2022, PREIT increased total core mall occupancy by 480 basis points to 93.8% and 420,000 square feet of new leases were executed through the third quarter of 2022. New tenants will continue to open throughout this year and next, enhancing the value of the Company's portfolio. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primar

PHILADELPHIA, Oct. 11, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) intends to release its financial results for the quarter ending September 30, 2022 before market trading begins on Tuesday, November 8, 2022.  www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. Mo

Core Mall Total Occupancy Increased 480 Basis Points to 94.4% Core Mall Sales Per Square Foot Were $592 in September, up 10.4% compared to 2019 Average Renewal Spreads were 8.7% for the Quarter Ended September 30 PHILADELPHIA, Nov. 8, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) today reported results for the three and nine months ended September 30, 2022.  A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus

PHILADELPHIA, Oct. 11, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) intends to release its financial results for the quarter ending September 30, 2022 before market trading begins on Tuesday, November 8, 2022.  www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. Mo

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 Increased 480 Basis Points to 93.8% PHILADELPHIA, Aug. 9, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) today reported results for the three and six months ended June 30, 2022.  A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsF

PHILADELPHIA, July 21, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) intends to release its financial results for the quarter ending June 30, 2022 before market trading begins on Tuesday, August 9, 2022.  www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More info

Christopher Swann and Kenneth Hart are Nominees for Preferred Share Trustees PHILADELPHIA, July 14, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today issued the following statement: www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More information about PREIT

Details Voting Intentions and Reasons Why There Is Urgency to Add Two Independent Preferred Stock Trustees to the Board ATLANTA, July 7, 2022 /PRNewswire/ -- Cygnus Capital, Inc. (together with its affiliates, "Cygnus"), a significant and long-term shareholder of beneficial interests and preferred shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) ("PEI" or the "Trust"), today issued a statement regarding Cygnus' voting intentions with respect to the 2022 Annual Meeting of Shareholders, originally held on June 2, 2022, and adjourned to 11:00 a.m. Eastern Time on August 2, 2022 (the "Annual Meeting").  Holders of record as of the close of business on April 11, 2022, the record da

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce that it has signed a definitive agreement for the purchase of 11 outparcel properties from PREIT (NYSE:PEI) for $32.5 million. The transaction is priced at a 6.5% going-in cash cap rate, exclusive of transaction costs. The portfolio includes 8 single tenant restaurant properties and three non-restaurant retail properties. FCPT expects to acquire a majority of the portfolio in the second and third quarters of 2022, subject to customary closing conditions, seller's board approval, and regulatory app

Core Mall Sales Per Square Foot Reach $613 in March, up from $603 at Year End Strong Leasing Activity Resulted in Core Mall Leased Space at 94.0% Asset Sales in Process Increased to $275 Million PHILADELPHIA, May 5, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) today reported results for the three months ended March 31, 2022.  A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and m

PHILADELPHIA, April 28, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) intends to release its financial results for the quarter ending March 31, 2022 before market trading begins on Thursday, May 5, 2022.  www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More info

Core Mall Sales Per Square Foot Reach $614 in January, up from $603 at Year End Cherry Hill Mall Sales Near $1,000 per square foot Strong Total Core Mall Leased Space at 94.3% PHILADELPHIA, March 14, 2022 /PRNewswire/ -- PREIT (NYSE:PEI) today reported results for the three months and year ended December 31, 2021.  A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management o

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

10-Q - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

8-K - PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (0000077281) (Filer)

The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the four securities enumerated below (“Securities”) of Pennsylvania Real Estate Investment Trust (the “Company”) from the Exchange. Trading in the Company’s Securities will be suspended immediately. Symbol Description PEI Shares of Beneficial Interest, par value $1.00 per share PEI PRB Series B Preferred Shares, par value $0.01 per share PEI PRC Series C Preferred Shares, par value $0.01 per share PEI PRD Se

PHILADELPHIA, Dec. 13, 2022 /PRNewswire/ -- PREIT (NYSE:PEI), today, announced that it has obtained unanimous approval from the Fairfax County Board of Supervisors for the development of 460 apartments and a 165-room hotel, paving the way for the sale of the land parcels both of which are under agreement of sale.  A key part of PREIT's capital plan, the sale of these parcels is expected to generate approximately $20 million for PREIT, in addition to the $112 million in proceeds the Company has raised from asset sales in 2022. The Company expects to close on these sales at Springfield Town Center in Q2 2023 and has another $120 million of asset sales in the pipeline.

Gainers My Size, Inc. (NASDAQ:MYSZ) shares jumped 88% to $0.2839. My Size announced a 1-for-25 reverse stock split. Pharvaris N.V. (NASDAQ:PHVS) shares climbed 56.7% to $4.0914 after the company reported top-line Phase 2 data from the RAPIDe-1 study of PHVS416 for the on-demand treatment of HAE attacks. The primary endpoint and all secondary endpoints were met. Nymox Pharmaceutical Corporation (NASDAQ:NYMX) gained 39.3% to $0.69. NYMOX recently announced new marketing submission for NYMOZARFEX for benign prostatic hyperplasia. Express, Inc. (NYSE:EXPR) gained 39% to $1.7807 after the company and WHP Global announced they have entered into a mutually transformative strategic partnershi

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last week sold off to a new 52-week low at $2.45 before buyers took it to just slightly higher.  Based in Philadelphia, the company specializes in “the ownership and management of differentiated shopping malls,” according to its website. Earlier in November, CEO Joseph Coradino advised investors that the real estate investment trust (REIT) plans to explore a merger or a sale. In the most recent quarterly update, funds from operations show a loss of $1.13 per share versus a loss of $1.12 per share for the year-ago period. Pennsylvania Real Estate Investment Trust filed for bankruptcy in November 2020 and emerged from it one month later.

Potential short squeeze plays gained steam in 2021 and have continued through 2022 with new traders looking for the next huge move. High short interest and a high cost borrow are among the common traits that could lead to a short squeeze. Here’s a look at the top five short squeeze candidates based on the Fintel short squeeze leaderboard. 1. Hour Loop: E-commerce company Hour Loop (NASDAQ:HOUR) tops the leaderboard for the week, rejoining the leaderboard it was on in August. Data shows 15.65% of the float short and a cost to borrow of 55.5%. The stock moved up 19 places on the leaderboard, the biggest jump of the top five short squeeze candidates. 2. Indonesia Energy Corporation: Oil and

Gainers ShiftPixy, Inc. (NASDAQ:PIXY) shares surged 56.6% to settle at $19.10 on Friday. Shares of several companies in the broader industrial space traded higher on continued hopes of softer Fed policy after CPI this week showed October inflation below estimates. Exela Technologies, Inc. (NASDAQ:XELA) gained 50.3% to close at $0.2780. The company is expected to report Q3 results on November 14, 2022. uCloudlink Group Inc. (NASDAQ:UCL) jumped 49.6% to close at $1.90. uCloudlink Group is expected to report Q3 financial results on November 16, 2022. Core Scientific, Inc. (NASDAQ:CORZ) gained 44.3% to settle at $0.1981. Compass, Inc. (NYSE:COMP) jumped 44% to close at $3.50. Compass po

As of the close of business on Wednesday, 11/9, 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 3.02%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.   FANGDD NETWORK GRO    (NASDAQ:DUO)    19.78% NETSTREIT CORP        (NYSE:NTST)    19.73% ARMOUR RESIDENTIAL    (NYSE:ARR)    16.97% PENNS REAL EST INV    (NYSE:PEI)    16.06% REDFIN CORPORATION    (NASDAQ:RDFN)    14.86% INVESCO MORTGAGE C    (NYSE:IVR)    12.71% EASTERLY GOVERNMEN    (NYSE:DEA)    12.46% GEO GROUP INC        (NYSE:GEO)    11.61% PEN

Pennsylvania REIT (NYSE:PEI) reported quarterly losses of $(1.13) per share. This is a 5.83 percent increase over losses of $(1.20) per share from the same period last year. The company reported $72.81 million in sales this quarter. This is a 1.50 percent increase over sales of $71.74 million the same period last year.

Companies Reporting Before The Bell • Adtran (NASDAQ:ADTN) is likely to report quarterly earnings at $0.18 per share on revenue of $330.39 million. • Endeavour Silver (NYSE:EXK) is expected to report quarterly earnings at $0.02 per share on revenue of $42.31 million. • Telesat (NASDAQ:TSAT) is likely to report earnings for its third quarter. • Laser Photonics (NASDAQ:LASE) is estimated to report earnings for its third quarter. • Endeavor Gr Hldgs (NYSE:EDR) is projected to report quarterly earnings at $0.02 per share on revenue of $57.19 million. • EzFill Holdings (NASDAQ:EZFL) is estimated to report quarterly loss at $0.16 per share on revenue of $4.60 million. • Eneti (NYSE:NETI) is

Gainers Quanergy Systems, Inc. (NASDAQ:QNGY) jumped 153.9% to close at $3.30 on Friday. Aeglea BioTherapeutics, Inc. (NASDAQ:AGLE) surged 61.4% to close at $0.92 after jumping 15% on Thursday. Nuvalent, Inc. (NASDAQ:NUVL) shares gained 60.6% to close at $35.34 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC. Bull Horn Holdings Corp. (NASDAQ:BHSE) jumped 44.7% to close at $11.95. Fangdd Network Group Ltd. (NASDAQ:DUO) gained 36.6% to close at $1.94. Provident Acquisition Corp. (NASDAQ:PAQC) shares jumped 32.7% to close at $11.00. Perfect Corp. and Provident Ac