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, US
Websitepreit.com
Employee Ratings3.3

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)274(-7%)
Job Openings5
Revenue (FY, 2018)$362.4 M(-1%)
Share Price (Dec 2019)$5.2

Pennsylvania Real Estate Investment Trust Office Locations

Pennsylvania Real Estate Investment Trust has offices in Philadelphia, Grand Rapids, Plymouth Meeting and Plymouth
Philadelphia, US (HQ)
200 S Broad St
Grand Rapids, US
Grand Rapids, MI, USA
Plymouth Meeting, US
Plymouth Meeting, PA, 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 $362.40 m in FY, 2018
USD

Revenue (Q3, 2019)

81.4m

Net income (Q3, 2019)

24.3m

EBIT (Q3, 2019)

17.2m

Market capitalization (12-Dec-2019)

405.8m

Closing stock price (12-Dec-2019)

5.2

Cash (30-Sept-2019)

11.7m

EV

625.2m
Pennsylvania Real Estate Investment Trust's current market capitalization is $405.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

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, 2019

Revenue

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

Cost of goods sold

34.7m35.1m33.8m

Gross profit

53.4m50.2m47.6m

Gross profit Margin, %

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

Cash

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

Accounts Receivable

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

Inventories

Goodwill

7.2m9.1m6.5m22.2m17.7m17.9m
USDY, 2019

EV/EBIT

36.4 x

EV/CFO

7.8 x

EV/FCF

10.7 x

Financial Leverage

5 x
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Pennsylvania Real Estate Investment Trust Online and Social Media Presence

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Pennsylvania Real Estate Investment Trust Blogs

PREIT Reports Significant Increase in Traffic at Recently Opened Redevelopments Over Thanksgiving Weekend

PREIT (NYSE: PEI) today announces robust results at its key redevelopment projects to jump-start the holiday shopping season.  PREIT’s long-term transformation plan culminated with the opening this past fall of three major projects: Fashion District Philadelphia, Woodland Mall and Plymouth Meeting M…

Center Court: Experience a New Holiday Season at PREIT Malls

The holiday shopping season is finally here and shoppers are more than ready to spend on their loved ones – and themselves. The stakes are high this year, based on NRF’s holiday forecast estimating that shoppers will spend four percent more this year, reaching up to $730 billion. Not only will consu…

PREIT Highlights New Portfolio Following Opening of Three Catalyst Projects

The opening of Fashion District Philadelphia, alongside the completed redevelopments at Woodland and Plymouth Meeting Malls, represent the culmination of PREIT’s visionary strategy PREIT (NYSE: PEI) celebrated a milestone fall with the successful opening of its newest property, Fashion District Phil…

Center Court: Re-Discover Woodland Mall – The Expansion Unveiled

Woodland Mall recently unveiled its highly-anticipated west wing expansion with a mall-wide weekend celebration for the entire Grand Rapids, MI community. The $100 million redevelopment features 19 new retailers, further solidifying Woodland Mall as a dominant consumer destination complete with in-d…

PREIT Reports Third Quarter 2019 Results and Updates Full Year Expectations

Opened Three Major Redevelopment Projects including Fashion District Philadelphia Over 1 million People Visited Fashion District Since Opening 537,000 Square Feet of Leases Executed for Future Occupancy Core Mall Sales Grew by 5.5% to Reach $536 Per Square Foot Core Mall Leased Space Increases to 95…

Primark Headlines List of New Tenants Coming to Fashion District Philadelphia

Fashion District Philadelphia, a joint venture partnership between PREIT and Macerich, today announced that international fast fashion retailer Primark will anchor the west end of the project with a high-profile location at the corner of 11th and Market along with two other catalyst tenants also joi…
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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 274 employees.

  • What is Pennsylvania Real Estate Investment Trust revenue?

    Latest Pennsylvania Real Estate Investment Trust annual revenue is $362.4 m.

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

    Latest Pennsylvania Real Estate Investment Trust revenue per employee is $1.3 m.

  • Who are Pennsylvania Real Estate Investment Trust competitors?

    Competitors of Pennsylvania Real Estate Investment Trust include Highwoods Properties, Segro and Kite Realty Group Trust.

  • 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, Plymouth Meeting and Plymouth.

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

    Pennsylvania Real Estate Investment Trust has 4 offices.