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Pennsylvania Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Pennsylvania Real Estate Investment Trust has a total shareholder equity of $-276.1M and total debt of $1.8B, which brings its debt-to-equity ratio to -647.7%. Its total assets and total liabilities are $1.7B and $2.0B respectively.
Key information
-647.7%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | n/a |
| Cash | US$22.06m |
| Equity | -US$276.09m |
| Total liabilities | US$1.99b |
| Total assets | US$1.72b |
Recent financial health updates
Recent updates
PREIT receives approvals for 460 Apartments and 165 room hotel at Springfield Town Center
Dec 13PREIT extends notes backing Cherry Hill Mall by two months
Nov 04PREIT reports 420K square feet of new leases in Q3
Oct 12PREIT GAAP EPS of -$3.32, revenue of $73.13M
Aug 09PREIT gets two new independent trustees representing preferred shareholders
Aug 02PREIT highlights expanding retailers to new markets
Jul 19Pennsylvania Real Estate: Getting Near The End
Jun 21Can PREIT Save Itself Before It's Too Late?
Apr 04PREIT Preferred Shares: Strong Q2 Results Offer Hope
Aug 13Pennsylvania Real Estate Investment Trust Is A Binary Prospect
Jun 28PREIT stock flies to 52-week high, Washington Prime shares slip
Jun 02PREIT rallies on regaining NYSE compliance
Jan 05PREIT amends credit agreements for up to $1.06B
Dec 16Pennsylvania REIT stock jumps 19% as it emerges from Chapter 11
Dec 11PREIT stock rises 2.6% ahead of hearing on restructuring plan
Nov 30The Artificial Bankruptcy Of Pennsylvania REIT
Nov 12PREIT FFO misses by $0.01
Nov 06PREIT gets approval for quicker bankruptcy process
Nov 03PREIT files for Chapter 11; shareholders said not affected
Nov 02Financial Position Analysis
Short Term Liabilities: PRET.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PRET.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRET.Q has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PRET.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 PRET.Q has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRET.Q is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/02 05:20 |
| End of Day Share Price | 2024/04/02 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Pennsylvania Real Estate Investment Trust is covered by 11 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ross Smotrich | Barclays |
| Floris Gerbrand van Dijkum | Boenning & Scattergood, Inc. |
| Craig Schmidt | BofA Global Research |