Pennsylvania Real Estate Investment Trust

OverviewSuggest Edit

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 26 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.
TypePublic
Founded1960
HQPhiladelphia, PA, US
Websitepreit.com
Employee Ratings3
Overall CultureD-

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Latest Updates

Employees (est.) (Dec 2019)233(-14%)
Revenue (FY, 2019)$336.8 M(-7%)
Share Price (Jan 2021)$1.4 (-3%)
Cybersecurity ratingCMore

Pennsylvania Real Estate Investment Trust Office Locations

Pennsylvania Real Estate Investment Trust has offices in Philadelphia, Grand Rapids and Plymouth
Philadelphia, PA, US (HQ)
200 S Broad St
Grand Rapids, MI, US
Grand Rapids, MI, USA
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Pennsylvania Real Estate Investment Trust Financials and Metrics

Pennsylvania Real Estate Investment Trust Revenue

Pennsylvania Real Estate Investment Trust's revenue was reported to be $336.79 m in FY, 2019
USD

Revenue (Q2, 2020)

56.8m

Net income (Q2, 2020)

(23.1m)

EBIT (Q2, 2020)

(29.2m)

Market capitalization (15-Jan-2021)

108.2m

Closing stock price (15-Jan-2021)

1.4

Cash (30-Jun-2020)

41.4m

EV

1.3b
Pennsylvania Real Estate Investment Trust's current market capitalization is $108.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

456.6m427.2m438.7m432.7m425.4m399.9m367.5m362.4m336.8m

Revenue growth, %

0%5%(1%)(2%)(6%)

Cost of goods sold

141.2m

Gross profit

221.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

108.2m113.7m109.6m109.1m112.9m106.0m111.5m109.4m106.8m105.1m100.1m101.7m107.0m102.0m94.3m98.9m89.3m89.3m89.2m86.3m92.0m88.1m85.3m81.4m81.4m74.2m56.8m

Cost of goods sold

34.7m35.1m33.8m

Gross profit

53.4m50.2m47.6m

Gross profit Margin, %

61%59%59%
Annual
USDY, 2009Y, 2010Y, 2011FY, 2011Y, 2012FY, 2012FY, 2013Y, 2013Y, 2014FY, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

74.2m42.3m34.0m21.8m34.0m34.0m34.2m34.2m40.4m40.4m22.9m22.9m9.8m15.3m18.1m12.2m

Accounts Receivable

39.8m38.5m46.4m40.6m40.3m38.2m38.9m41.3m

Inventories

Goodwill

7.2m9.1m6.5m22.2m17.7m17.9m13.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

24.2m30.3m26.0m14.6m26.2m33.6m17.5m24.9m32.6m30.7m51.4m37.5m31.3m22.1m30.5m16.8m25.4m18.7m19.0m76.9m89.2m42.2m19.3m10.4m15.2m11.7m5.4m41.4m

Accounts Receivable

29.3m34.8m34.3m32.0m37.3m38.4m32.5m35.5m45.0m38.0m35.4m34.6m36.8m32.6m30.6m31.7m31.0m29.7m34.7m35.7m30.7m33.8m35.3m34.2m35.4m36.9m70.3m

Goodwill

12.8m12.3m

Total Assets

3.0b2.9b2.9b2.9b2.9b2.8b2.8b2.7b2.7b2.7b2.5b3.0b3.0b2.9b2.7b2.6b2.6b2.6b2.6b2.6b2.5b2.5b2.5b2.4b2.4b2.3b2.3b2.4b
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Pennsylvania Real Estate Investment Trust Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Pennsylvania Real Estate Investment Trust Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Pennsylvania Real Estate Investment Trust Online and Social Media Presence

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Pennsylvania Real Estate Investment Trust Company Culture

  • Overall Culture

    D-

    55/100

  • CEO Rating

    F

    50/100

  • Compensation

    C+

    73/100

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Pennsylvania Real Estate Investment Trust Blogs

PREIT Reports Tax Status of 2020 Distributions

PREIT (NYSE: PEI) today announced that the tax status of the distributions paid per share during 2020 is as follows:   The above reflects the total amounts of distributions paid by PREIT on its outstanding common shares and its Series B, Series C and Series D Preferred shares during 2020, which will…

Spotlight on Springfield Town Center

Springfield Town Center is conveniently located in Fairfax County, VA at the intersection of I-95, 395, 495, and Fairfax Parkway – close to Amazon’s HQ2 and adjacent to the new TSA headquarters. Springfield is a highly populated area with an increasing demand for commercial and residential real esta…

PREIT Regains Compliance with NYSE Continued Listing Standards

PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that it received written notification from the New York Stock Exchange (the “NYSE”) that it has regained compliance with the NYSE continued listing standards. “We are pleased to have regained compl…

PREIT’s Road Ahead

December 10 was a very exciting day for PREIT as we completed our financial restructuring, allowing us to get back to focusing all of our effort on the business we know and love.  And we completed the process in a record 40 days!  We are happy to close this chapter and look forward to our… The post …

Holiday Festivities at PREIT Properties

This holiday season may be different than any other, but we hope to make it just as jolly! PREIT properties have gotten creative with our holiday celebrations by hosting outdoor events and adjusting some of your favorite traditions to be socially distanced. Join us in making the most of the holidays…

2020 Holiday Gift Trends

Picking out gifts has been tricky this year, but we’ve noticed some gift trends that anyone will love – even the most difficult on your list! And to make the holiday season less stressful, take advantage of PREIT’s Mall2Go, retailer gift wrapping, or send a Small Surprises Pack from the comfort of y…
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Pennsylvania Real Estate Investment Trust Frequently Asked Questions

  • When was Pennsylvania Real Estate Investment Trust founded?

    Pennsylvania Real Estate Investment Trust was founded in 1960.

  • How many employees does Pennsylvania Real Estate Investment Trust have?

    Pennsylvania Real Estate Investment Trust has 233 employees.

  • What is Pennsylvania Real Estate Investment Trust revenue?

    Latest Pennsylvania Real Estate Investment Trust annual revenue is $336.8 m.

  • What is Pennsylvania Real Estate Investment Trust revenue per employee?

    Latest Pennsylvania Real Estate Investment Trust revenue per employee is $1.4 m.

  • Who are Pennsylvania Real Estate Investment Trust competitors?

    Competitors of Pennsylvania Real Estate Investment Trust include Federal Realty Investment Trust, Aimco and Highwoods Properties.

  • Where is Pennsylvania Real Estate Investment Trust headquarters?

    Pennsylvania Real Estate Investment Trust headquarters is located at 200 S Broad St, Philadelphia.

  • Where are Pennsylvania Real Estate Investment Trust offices?

    Pennsylvania Real Estate Investment Trust has offices in Philadelphia, Grand Rapids and Plymouth.

  • How many offices does Pennsylvania Real Estate Investment Trust have?

    Pennsylvania Real Estate Investment Trust has 3 offices.