
By Michael Terry: I recently wrote an article on a Dr. Suess REIT portfolio where the premise was/is that as investors and analysts, we have to leave no stone unturned in our quest for value and returns. I recently came across a REIT that seemed like it might have the right attributes for the Dr.
high end, but not by much. For example: Regency Centers ( REG ) pays 4.7%; Equity One ( EQY ) pays 4.4%; Pennsylvania REIT ( PEI ) pays 4.1%; Macerich ( MAC ) pays 3.9%; General Growth Prop ( GGP ) pays 2.4%. Source: Google
following dividend yields: Mall REITs CBL Property CBL 4.60% Glimcher GRT 4.30% Macerich Co. MAC 3.95% Pennsylvania REIT PEI 3.96% Simon Property Group SPG 2.77% Taubman Centers Inc. TCO 3.90% Average (of 6 above) 3.78
Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the Pennsylvania Real Estate Investment Trust Fourth Quarter 2010 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be ...
We are no longer providing equity research on Pennsylvania REIT PEI. We provide broad coverage of more than 1,700 companies and adjust our coverage as necessary based on client demand and investor interest.
shareholders, in our opinion.Founded in 1960, Pennsylvania REIT is one of the oldest real estate investment trusts ..... over the next few years that must be refinanced. Pennsylvania REIT is highly leveraged and has a large development pipeline
We are placing our fair value estimate for Pennsylvania REIT PEI under review as we reassess our existing assumptions.
The firm is also focused on refinancing its near-term debt maturities through negotiations with its creditors. Pennsylvania REIT is highly leveraged and has a large development pipeline, two unattractive characteristics in the current economic
We are placing our fair value estimate for Pennsylvania REIT PEI under review as we transfer coverage to a new analyst.
Given the recent runup in the share prices, we think it would be prudent for some--including Macerich MAC and Pennsylvania REIT PEI--to consider issuing equity to deleverage their overstretched balance sheets.