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PEI

Pennsylvania Real Estate Investment TrustNYSE:PEI Stock Report

Market Cap

US$160.0m

7D

-0.5%

1Y

271.7%

Updated

26 Sep, 2021

Data

Company Financials
PEI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

PEI Overview

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets.

Pennsylvania Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pennsylvania Real Estate Investment Trust
Historical stock prices
Current Share PriceUS$1.97
52 Week HighUS$0.35
52 Week LowUS$3.47
Beta2.63
1 Month Change1.55%
3 Month Change-20.88%
1 Year Change271.70%
3 Year Change-79.18%
5 Year Change-91.45%
Change since IPO-92.80%

Recent News & Updates

Shareholder Returns

PEIUS REITsUS Market
7D-0.5%-0.9%0.1%
1Y271.7%34.7%35.3%

Return vs Industry: PEI exceeded the US REITs industry which returned 34.7% over the past year.

Return vs Market: PEI exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is PEI's price volatile compared to industry and market?
PEI volatility
PEI Beta2.63
Industry Beta0.83
Market Beta1

Stable Share Price: PEI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PEI's weekly volatility has decreased from 17% to 7% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1960175Joe Coradinohttps://www.preit.com

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 offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S. with concentrations in the mid-Atlantic's top MSAs. Since 2012, the Company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures.

Pennsylvania Real Estate Investment Trust Fundamentals Summary

How do Pennsylvania Real Estate Investment Trust's earnings and revenue compare to its market cap?
PEI fundamental statistics
Market CapUS$160.03m
Earnings (TTM)-US$318.83m
Revenue (TTM)US$263.84m

0.6x

P/S Ratio

-0.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PEI income statement (TTM)
RevenueUS$263.84m
Cost of RevenueUS$129.09m
Gross ProfitUS$134.75m
ExpensesUS$453.58m
Earnings-US$318.83m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-3.92
Gross Margin51.07%
Net Profit Margin-120.84%
Debt/Equity Ratio2,892.8%

How did PEI perform over the long term?

See historical performance and comparison

Valuation

Is Pennsylvania Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PEI ($1.97) is trading below our estimate of fair value ($5.44)

Significantly Below Fair Value: PEI is trading below fair value by more than 20%.


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 overvalued based on its PB Ratio (2.3x) compared to the US REITs industry average (2x).


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?

12.1%

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.


Past Performance

How has Pennsylvania Real Estate Investment Trust performed over the past 5 years?

-35.6%

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 35.6% 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 (3.9%).


Return on Equity

High ROE: PEI has a negative Return on Equity (-462.64%), as it is currently unprofitable.


Financial Health

How is Pennsylvania Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: PEI's short term assets ($89.4M) do not cover its short term liabilities ($119.9M).

Long Term Liabilities: PEI's short term assets ($89.4M) do not cover its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: PEI's debt to equity ratio (2892.8%) is considered high.

Reducing Debt: PEI's debt to equity ratio has increased from 230.4% to 2892.8% 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 17.7% per year.


Dividend

What is Pennsylvania Real Estate Investment Trust current dividend yield, its reliability and sustainability?

1.02%

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?

7.7yrs

Average management tenure


CEO

Joe Coradino (69 yo)

9.25yrs

Tenure

US$4,346,859

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 ($USD4.35M) is above average for companies of similar size in the US market ($USD1.08M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PEI's management team is seasoned and experienced (7.7 years average tenure).


Board Members

Experienced Board: PEI's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PEI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pennsylvania Real Estate Investment Trust's 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$160.035m
  • Market Cap: US$158.004m
  • Shares outstanding: 81.24m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:16
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.