Pennsylvania Real Estate Investment Trust

OTCPK:PRET.Q Stock Report

Market Cap: US$3.0m

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Pennsylvania Real Estate Investment Trust Management

Management criteria checks 3/4

Pennsylvania Real Estate Investment Trust's CEO is Joe Coradino, appointed in Jun 2012, has a tenure of 11.83 years. total yearly compensation is $5.86M, comprised of 15.4% salary and 84.6% bonuses, including company stock and options. directly owns 0.53% of the company’s shares, worth $15.84K. The average tenure of the management team and the board of directors is 7.8 years and 9.9 years respectively.

Key information

Joe Coradino

Chief executive officer

US$5.9m

Total compensation

CEO salary percentage15.4%
CEO tenure11.8yrs
CEO ownership0.5%
Management average tenure7.8yrs
Board average tenure9.9yrs

Recent management updates

Recent updates

PREIT receives approvals for 460 Apartments and 165 room hotel at Springfield Town Center

Dec 13

PREIT extends notes backing Cherry Hill Mall by two months

Nov 04

PREIT reports 420K square feet of new leases in Q3

Oct 12

PREIT GAAP EPS of -$3.32, revenue of $73.13M

Aug 09

PREIT gets two new independent trustees representing preferred shareholders

Aug 02

PREIT highlights expanding retailers to new markets

Jul 19

Pennsylvania Real Estate: Getting Near The End

Jun 21

Can PREIT Save Itself Before It's Too Late?

Apr 04

PREIT Preferred Shares: Strong Q2 Results Offer Hope

Aug 13

Pennsylvania Real Estate Investment Trust Is A Binary Prospect

Jun 28

PREIT stock flies to 52-week high, Washington Prime shares slip

Jun 02

PREIT rallies on regaining NYSE compliance

Jan 05

PREIT amends credit agreements for up to $1.06B

Dec 16

Pennsylvania REIT stock jumps 19% as it emerges from Chapter 11

Dec 11

PREIT stock rises 2.6% ahead of hearing on restructuring plan

Nov 30

The Artificial Bankruptcy Of Pennsylvania REIT

Nov 12

PREIT FFO misses by $0.01

Nov 06

PREIT gets approval for quicker bankruptcy process

Nov 03

PREIT files for Chapter 11; shareholders said not affected

Nov 02

CEO Compensation Analysis

How has Joe Coradino's remuneration changed compared to Pennsylvania Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-US$209m

Jun 30 2023n/an/a

-US$222m

Mar 31 2023n/an/a

-US$188m

Dec 31 2022US$6mUS$900k

-US$176m

Sep 30 2022n/an/a

-US$169m

Jun 30 2022n/an/a

-US$136m

Mar 31 2022n/an/a

-US$150m

Dec 31 2021US$6mUS$900k

-US$160m

Sep 30 2021n/an/a

-US$328m

Jun 30 2021n/an/a

-US$319m

Mar 31 2021n/an/a

-US$317m

Dec 31 2020US$4mUS$850k

-US$287m

Sep 30 2020n/an/a

-US$107m

Jun 30 2020n/an/a

-US$54m

Mar 31 2020n/an/a

-US$38m

Dec 31 2019US$5mUS$850k

-US$39m

Sep 30 2019n/an/a

-US$103m

Jun 30 2019n/an/a

-US$128m

Mar 31 2019n/an/a

-US$150m

Dec 31 2018US$5mUS$800k

-US$138m

Sep 30 2018n/an/a

-US$55m

Jun 30 2018n/an/a

-US$43m

Mar 31 2018n/an/a

-US$61m

Dec 31 2017US$4mUS$750k

-US$58m

Compensation vs Market: Joe's total compensation ($USD5.86M) is above average for companies of similar size in the US market ($USD658.65K).

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

CEO

Joe Coradino (71 yo)

11.8yrs

Tenure

US$5,858,889

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 17, 2017 an...

Leadership Team

NamePositionTenureCompensationOwnership
Joseph Coradino
Chairman & CEO11.8yrsUS$5.86m0.53%
$ 15.8k
Mario Ventresca
Executive VP & CFO4.3yrsUS$2.42m0.16%
$ 4.8k
Andrew Ioannou
Executive Vice President of Finance & Acquisitions9.3yrsUS$1.48m0.12%
$ 3.6k
Joseph Aristone
Executive Vice President & Head of Leasing17.3yrsUS$1.48m0.14%
$ 4.2k
Sathana Semonsky
Senior VP5.3yrsno data0.0037%
$ 111.0
Lisa Most
Executive VP6.3yrsUS$1.21m0.13%
$ 3.7k
Lisa Pellicciotta
Vice President of Marketing1.3yrsno datano data
Joshua Schrier
Senior Vice President of Acquisitions2.3yrsno datano data
Debi Gilson
Regional Marketing Director of East Region Properties14.8yrsno datano data
Michael Rakers
General Manager of Springfield Mall13.8yrsno datano data

7.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: PRET.Q's management team is seasoned and experienced (7.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Joseph Coradino
Chairman & CEO18yrsUS$5.86m0.53%
$ 15.8k
John Roberts
Independent Trustee20.4yrsUS$208.00k0.24%
$ 7.1k
Mark Pasquerilla
Independent Trustee20.3yrsUS$206.50k0.35%
$ 10.3k
George Alburger
Independent Trustee6.8yrsUS$234.00k0.19%
$ 5.7k
Charles Pizzi
Independent Trustee10.9yrsUS$214.50k0.21%
$ 6.2k
Christopher Swann
Independent Trustee1.7yrsUS$168.00kno data
Michael DeMarco
Lead Independent Trustee8.8yrsUS$245.00k0.070%
$ 2.1k
Kenneth Hart
Independent Trustee1.7yrsUS$169.50k0.025%
$ 757.0

9.9yrs

Average Tenure

70.5yo

Average Age

Experienced Board: PRET.Q's board of directors are considered experienced (9.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/04/02 11:10
End of Day Share Price 2024/04/02 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution
Ross SmotrichBarclays
Floris Gerbrand van DijkumBoenning & Scattergood, Inc.
Craig SchmidtBofA Global Research