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Pennsylvania Real Estate Investment Trust engages in the ownership, management, leasing, acquisition, redevelopment, and disposition of shopping malls. It focuses on shopping malls located in the eastern half of the U.S. primarily in the Mid-Atlantic region. Read More Its property portfolio include Cherry Hill Mall, Plymouth Meeting Mall, Mall at Prince Georges, and Springfield Town Center. The company was founded by Sylvan M. Cohen in 1960 and is headquartered in Philadelphia, PA.
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Introducing Pennsylvania Real Estate Investment Trust (NYSE:PEI), The Stock That Tanked 71%
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Investing in stocks inevitably means buying into some companies that perform poorly. But the long term shareholders of Pennsylvania Real Estate Investment Trust (NYSE:PEI) have had an unfortunate run in the last three years. Unfortunately, they have held through a 71% decline in the share price in that time. And over the last year the share price fell 36%, so we doubt many shareholders are delighted....
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What Should We Expect From Pennsylvania Real Estate Investment Trust’s (NYSE:PEI) Earnings In The Next Couple Of Years?
The most recent earnings update Pennsylvania Real Estate Investment Trust’s (NYSE:PEI) released in December 2018 revealed company earnings became less negative compared to the previous year’s level – great news for investors Below, I’ve presented key growth figures on how market analysts predict Pennsylvania Real Estate Investment Trust’s earnings growth outlook over the next few years and whether the future looks brighter.
Current Valuation: Pennsylvania Real Estate Investment Trust (NYSE: PEI)
Pennsylvania Real Estate Investment Trust is in the REITs industry and trades as part of the real estate sector. The company CEO is Joseph F. Coradino. Pennsylvania Real Estate Investment Trust is a self-managed and self-administered REIT in the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of retail shopping malls. Previous Intraday Trading Performance: The PEI stock showed a previous change of 3.58% with an open at 5.88 and a ...
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