Pennsylvania Real Estate Investment Trust
Market Cap
US$149.3m
Last Updated
2021/01/20 23:39 UTC
Data Sources
Company Financials
Executive Summary
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. More Details
Risk Analysis
Snowflake Analysis
Imperfect balance sheet and overvalued.
Similar Companies
Share Price & News
How has Pennsylvania Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PEI is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 25% a week.
Volatility Over Time: PEI's weekly volatility (25%) has been stable over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
72.4%
PEI
2.6%
US REITs
0.3%
US Market
1 Year Return
-62.8%
PEI
-12.0%
US REITs
21.1%
US Market
Return vs Industry: PEI underperformed the US REITs industry which returned -10.7% over the past year.
Return vs Market: PEI underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| PEI | Industry | Market | |
|---|---|---|---|
| 7 Day | 72.4% | 2.6% | 0.3% |
| 30 Day | 74.0% | 0.3% | 3.3% |
| 90 Day | 194.3% | 4.7% | 14.2% |
| 1 Year | -58.9%-62.8% | -7.9%-12.0% | 23.8%21.1% |
| 3 Year | -78.6%-84.6% | 22.6%7.5% | 45.0%35.4% |
| 5 Year | -85.4%-90.6% | 50.3%19.5% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Pennsylvania Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 months ago | Simply Wall St
Pennsylvania Real Estate Investment Trust Just Reported, And Analysts Assigned A US$4.45 Price Target1 year ago | Simply Wall St
Pennsylvania Real Estate Investment Trust (NYSE:PEI) Insiders Increased Their Holdings1 year ago | Simply Wall St
What Does Pennsylvania Real Estate Investment Trust's (NYSE:PEI) Share Price Indicate?Valuation
Is Pennsylvania Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
0.45x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PEI ($1.83) is trading above our estimate of fair value ($0.69)
Significantly Below Fair Value: PEI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PEI is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: PEI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PEI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PEI is good value based on its PB Ratio (0.5x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Pennsylvania Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
10.5%
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pennsylvania Real Estate Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of PEI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Pennsylvania Real Estate Investment Trust competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Pennsylvania Real Estate Investment Trust performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEI is currently unprofitable.
Growing Profit Margin: PEI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PEI is unprofitable, and losses have increased over the past 5 years at a rate of 0.8% per year.
Accelerating Growth: Unable to compare PEI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PEI is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2.9%).
Return on Equity
High ROE: PEI has a negative Return on Equity (-25.65%), as it is currently unprofitable.
Next Steps
Financial Health
How is Pennsylvania Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: PEI's short term assets ($108.2M) do not cover its short term liabilities ($148.0M).
Long Term Liabilities: PEI's short term assets ($108.2M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: PEI's debt to equity ratio (581.9%) is considered high.
Reducing Debt: PEI's debt to equity ratio has increased from 220.5% to 581.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PEI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PEI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.8% per year.
Next Steps
Dividend
What is Pennsylvania Real Estate Investment Trust current dividend yield, its reliability and sustainability?
1.10%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PEI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PEI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PEI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PEI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PEI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PEI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.5yrs
Average management tenure
CEO
Joe Coradino (68 yo)
8.58yrs
Tenure
US$5,177,851
Compensation
Mr. Joseph F. Coradino, also known as Joe, has been the Chief Executive Officer at Pennsylvania Real Estate Investment Trust since June 7, 2012 and has been Chairman of the Board since February 2017 and Tr...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD5.18M) is above average for companies of similar size in the US market ($USD534.46K).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.58yrs | US$5.18m | 1.08% $ 1.6m | |
| Executive VP & CFO | 1yr | US$1.22m | 0.25% $ 375.3k | |
| Executive Vice President of Finance & Acquisitions | 6yrs | US$999.29k | 0.17% $ 260.5k | |
| Executive Vice President of Leasing | no data | US$1.06m | 0.17% $ 260.1k | |
| Senior Vice President of Operations | 0.42yr | no data | no data | |
| Executive VP | 3yrs | no data | 0.13% $ 190.6k | |
| Executive Vice President of Strategy & Communications | no data | no data | 0.13% $ 193.0k | |
| Senior Vice President of Development | 7yrs | no data | no data | |
| Regional Marketing Director of East Region Properties | 11.58yrs | no data | no data | |
| General Manager of Springfield Mall | 10.5yrs | no data | no data |
6.5yrs
Average Tenure
51.5yo
Average Age
Experienced Management: PEI's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.58yrs | US$5.18m | 1.08% $ 1.6m | |
| Independent Trustee | 17.17yrs | US$216.06k | 0.24% $ 359.3k | |
| Independent Trustee | 17.08yrs | US$194.06k | 0.35% $ 521.6k | |
| Independent Trustee | 3.58yrs | US$188.06k | 0.19% $ 286.4k | |
| Lead Independent Trustee | 3.58yrs | US$234.06k | 0.20% $ 301.5k | |
| Independent Trustee | 2.92yrs | US$185.06k | 0.16% $ 244.8k | |
| Independent Trustee | 5.58yrs | US$204.56k | 0.20% $ 292.1k |
3.9yrs
Average Tenure
68yo
Average Age
Experienced Board: PEI's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
Top Shareholders
Company Information
Pennsylvania Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pennsylvania Real Estate Investment Trust
- Ticker: PEI
- Exchange: NYSE
- Founded: 1960
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$149.254m
- Market Cap: US$143.962m
- Shares outstanding: 81.56m
- Website: https://www.preit.com
Number of Employees
Location
- Pennsylvania Real Estate Investment Trust
- One Commerce Square
- 2005 Market Street
- Philadelphia
- Pennsylvania
- 19103
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PEI | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1969 |
| WX3 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1969 |
| PEI.PRB | NYSE (New York Stock Exchange) | CUM RED PERP PFD | US | USD | Oct 2012 | |
| PEI.PRC | NYSE (New York Stock Exchange) | RED PFD SER C | US | USD | Jan 2017 | |
| PEI.PRD | NYSE (New York Stock Exchange) | 6.875% RED PFD D | US | USD | Sep 2017 |
Biography
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerin...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 23:39 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.