Pennsylvania Real Estate Investment Trust (PEI)
Pennsylvania Real Estate Investment Trust operates in the REIT - Retail industry of the Real Estate sector, headquartered in Philadelphia, PA, US. The stock last traded at $2.39, up 0.00% on the session, giving a market capitalisation of $0. On trailing twelve-month figures it carries a trailing P/E of -0.02, a net margin of -195.7%. Its beta of 2.64 implies it has historically moved more than the broad market.
Pennsylvania Real Estate Investment Trust (PREIT), a publicly traded entity on the NYSE under the symbol PEI, specializes in the ownership and management of premium properties located in desirable and high-growth markets. Its extensive portfolio features thoughtfully selected retail and lifestyle centers, alongside popular dining and entertainment destinations. These holdings are concentrated primarily in the densely populated Eastern U.S., particularly within the top metropolitan areas of the Mid-Atlantic. Since 2012, PREIT has executed a significant strategic shift, focusing on elevating the quality of its assets and fortifying its balance sheet through judicious capital deployment.