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Complete financial analysis of Pennsylvania Real Estate Investment Trust (PRET) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Pennsylvania Real Estate Investment Trust, a leading company in the REIT – Retail industry within the Real Estate sector.
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Pennsylvania Real Estate Investment Trust (PRET)
About Pennsylvania Real Estate Investment Trust
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.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 296.03M | 296.43M | 261.82M | 336.79M | 362.40M | 367.49M | 399.95M | 425.41M | 432.70M | 438.68M | 427.18M | 456.56M | 455.64M | 463.09M | 474.08M | 466.57M | 464.57M | 429.66M | 406.25M | 183.40M | 126.31M | 113.58M | 101.86M | 90.36M | 62.40M | 40.49M | 10.53M | 37.15M | 27.91M | 30.30M | 13.90M | 15.20M | 20.90M | 20.80M | 20.70M | 14.10M | 20.50M | 19.60M |
| Cost of Revenue | 131.31M | 127.58M | 126.90M | 136.56M | 141.23M | 140.31M | 156.22M | 170.05M | 180.43M | 182.28M | 177.92M | 193.83M | 195.27M | 193.58M | 187.95M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 164.71M | 168.85M | 134.93M | 200.23M | 221.17M | 227.19M | 243.73M | 255.36M | 252.28M | 256.40M | 249.26M | 262.73M | 260.37M | 269.51M | 286.13M | 466.57M | 464.57M | 429.66M | 406.25M | 183.40M | 126.31M | 113.58M | 101.86M | 90.36M | 62.40M | 40.49M | 10.53M | 37.15M | 27.91M | 30.30M | 13.90M | 15.20M | 20.90M | 20.80M | 20.70M | 14.10M | 20.50M | 19.60M |
| Gross Profit Ratio | 55.64% | 56.96% | 51.53% | 59.45% | 61.03% | 61.82% | 60.94% | 60.03% | 58.30% | 58.45% | 58.35% | 57.54% | 57.14% | 58.20% | 60.35% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 43.76M | 49.57M | 50.27M | 46.01M | 38.34M | 36.74M | 35.27M | 34.84M | 35.52M | 36.98M | 37.54M | 0.00 | 38.97M | 37.56M | 40.32M | 42.95M | 0.00 | 36.72M | 44.67M | 40.17M | 24.75M | 23.58M | 4.95M | 3.56M | 3.35M | 3.32M | 714.83K | 3.09M | 2.53M | 1.90M | 1.90M | 1.60M | 1.70M | 1.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 43.76M | 49.57M | 50.27M | 46.01M | 38.34M | 36.74M | 35.27M | 34.84M | 35.52M | 36.98M | 37.54M | 39.87M | 38.97M | 37.56M | 40.32M | 42.95M | 38.53M | 36.72M | 44.67M | 40.17M | 24.75M | 23.58M | 4.95M | 3.56M | 3.35M | 3.32M | 714.83K | 3.09M | 2.53M | 1.90M | 1.90M | 1.60M | 1.70M | 1.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 113.53M | 118.30M | 126.66M | 138.07M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 157.29M | 167.87M | 176.93M | 184.08M | 172.15M | 166.33M | 161.94M | 177.48M | 179.82M | 179.28M | 168.93M | 180.30M | 200.65M | 204.30M | 193.47M | 355.96M | 344.94M | 309.46M | 293.32M | 138.12M | 83.71M | 74.95M | 53.78M | 49.57M | 35.28M | 35.46M | 900.46K | 32.14M | 23.78M | -11.70M | -3.40M | -3.20M | -7.90M | -7.20M | -7.30M | -2.60M | -9.50M | -7.70M |
| Cost & Expenses | 288.61M | 295.45M | 303.83M | 320.64M | 313.38M | 306.63M | 318.16M | 347.53M | 360.25M | 361.56M | 346.86M | 374.13M | 395.92M | 397.87M | 381.42M | 355.96M | 344.94M | 309.46M | 293.32M | 138.12M | 83.71M | 74.95M | 53.78M | 49.57M | 35.28M | 35.46M | 900.46K | 32.14M | 23.78M | -11.70M | -3.40M | -3.20M | -7.90M | -7.20M | -7.30M | -2.60M | -9.50M | -7.70M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -5.28M | 3.04M | 769.00K | 2.56M | 2.01M | 1.05M | 1.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.30M | 2.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 141.76M | 128.03M | 84.34M | 63.99M | 61.36M | 58.43M | 70.72M | 81.10M | 82.17M | 98.73M | 122.12M | 132.26M | 142.73M | 133.46M | 112.06M | 98.86M | 97.45M | 81.91M | 72.31M | 35.32M | 28.00M | 24.96M | 23.39M | 0.00 | 10.59M | 0.00 | 0.00 | 0.00 | 0.00 | 2.20M | 0.00 | 0.00 | 1.40M | 1.10M | 1.00M | 100.00K | 0.00 | 3.60M |
| Depreciation & Amortization | 113.08M | 117.99M | 126.36M | 137.78M | 133.12M | 128.82M | 126.67M | 142.65M | 144.30M | 140.88M | 129.46M | 140.43M | 161.59M | 166.57M | 151.61M | 122.30M | 115.31M | 98.11M | 100.68M | 39.96M | 21.41M | 19.13M | 16.16M | 14.22M | 9.41M | 6.26M | 1.15M | 5.29M | 3.54M | 2.80M | 2.10M | 2.00M | 1.80M | 1.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 127.02M | 115.24M | 78.82M | 162.23M | 193.51M | 204.05M | 226.94M | 230.07M | 227.33M | 227.78M | 218.12M | 273.61M | 222.37M | 275.44M | 271.86M | 240.48M | 245.16M | 220.09M | 206.52M | 85.24M | 64.02M | 57.76M | 64.23M | 53.22M | 36.53M | 11.29M | 10.77M | 10.30M | 7.67M | 40.90M | 15.80M | 18.80M | 30.60M | 29.70M | 28.00M | 16.70M | 30.00M | 27.30M |
| EBITDA Ratio | 42.91% | 38.87% | 30.10% | 48.17% | 53.40% | 55.52% | 56.74% | 54.08% | 52.54% | 51.92% | 51.06% | 59.93% | 48.80% | 59.48% | 57.35% | 51.54% | 52.77% | 51.22% | 50.84% | 46.48% | 50.68% | 50.85% | 63.06% | 58.90% | 58.54% | 27.88% | 102.35% | 27.71% | 27.48% | 134.98% | 113.67% | 123.68% | 146.41% | 142.79% | 135.27% | 118.44% | 146.34% | 139.29% |
| Operating Income | 13.94M | -2.75M | -47.55M | 24.45M | 60.39M | 59.56M | 78.74M | 69.69M | 62.56M | 68.50M | -51.23M | -102.16M | -84.06M | -143.26M | -47.00M | 110.61M | 115.65M | 120.20M | 120.02M | 45.28M | 42.61M | 38.63M | 48.07M | 40.80M | 27.12M | 5.03M | 9.63M | 5.01M | 4.13M | 38.10M | 13.70M | 16.80M | 28.80M | 28.00M | 28.00M | 16.70M | 30.00M | 27.30M |
| Operating Income Ratio | 4.71% | -0.93% | -18.16% | 7.26% | 16.66% | 16.21% | 19.69% | 16.38% | 14.46% | 15.62% | -11.99% | -22.38% | -18.45% | -30.94% | -9.91% | 23.71% | 24.89% | 27.98% | 29.54% | 24.69% | 33.73% | 34.01% | 47.20% | 45.15% | 43.46% | 12.42% | 91.45% | 13.48% | 14.80% | 125.74% | 98.56% | 110.53% | 137.80% | 134.62% | 135.27% | 118.44% | 146.34% | 139.29% |
| Total Other Income/Expenses | -157.99M | -137.21M | -219.16M | -37.45M | -186.90M | -92.41M | -91.45M | -199.25M | -76.82M | -88.95M | 8.34M | 8.23M | 9.05M | -33.55M | -20.54M | -92.91M | -89.05M | -70.11M | 7.09M | 0.00 | 0.00 | 0.00 | 0.00 | 1.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.90M | 3.60M | 1.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | -150.57M | -135.87M | -266.71M | -13.00M | -126.50M | -32.85M | -12.71M | -129.57M | -14.26M | -20.45M | -42.89M | -93.94M | -75.01M | -176.81M | -67.54M | 17.70M | 26.60M | 50.09M | 127.11M | 0.00 | 0.00 | 0.00 | 0.00 | 42.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 42.00M | 17.30M | 18.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | -50.86% | -45.83% | -101.86% | -3.86% | -34.91% | -8.94% | -3.18% | -30.46% | -3.30% | -4.66% | -10.04% | -20.57% | -16.46% | -38.18% | -14.25% | 3.79% | 5.73% | 11.66% | 31.29% | 0.00% | 0.00% | 0.00% | 0.00% | 47.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 138.61% | 124.46% | 121.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 20.50M | 121.17M | 71.61M | 70.15M | 56.56M | 69.29M | 87.84M | 77.75M | 92.30M | 52.20M | 128.40M | 179.23M | 120.70M | 161.06M | 110.09M | 413.00K | 398.00K | 597.00K | 59.14M | -150.77M | 18.93M | 18.84M | 15.82M | 20.06M | 3.93M | -5.21M | 2.71M | -6.22M | -16.56M | 28.00M | 8.60M | 8.00M | 18.70M | 17.20M | -12.40M | -11.40M | -11.00M | -8.30M |
| Net Income | -171.06M | -257.04M | -338.31M | -83.15M | -110.33M | -29.34M | -11.35M | -116.68M | -13.83M | 35.86M | -40.84M | -90.16M | -51.93M | -85.74M | -10.38M | 23.16M | 28.02M | 57.63M | 53.79M | 196.04M | 23.68M | 19.79M | 32.25M | 20.74M | 23.19M | 10.24M | 6.91M | 11.23M | 20.69M | 14.00M | 8.70M | 10.40M | 10.10M | 10.80M | 12.40M | 11.40M | 11.00M | 8.30M |
| Net Income Ratio | -57.79% | -86.71% | -129.21% | -24.69% | -30.44% | -7.98% | -2.84% | -27.43% | -3.20% | 8.17% | -9.56% | -19.75% | -11.40% | -18.51% | -2.19% | 4.96% | 6.03% | 13.41% | 13.24% | 106.89% | 18.75% | 17.42% | 31.67% | 22.95% | 37.16% | 25.28% | 65.69% | 30.21% | 74.11% | 46.20% | 62.59% | 68.42% | 48.33% | 51.92% | 59.90% | 80.85% | 53.66% | 42.35% |
| EPS | -32.19 | -49.05 | -65.71 | -16.58 | -23.73 | -6.35 | -2.46 | -25.46 | -3.04 | 4.65 | -11.11 | -24.75 | -15.38 | -31.40 | -4.01 | 10.95 | 5.55 | 17.85 | 16.65 | 143.10 | 22.05 | 20.25 | 36.15 | 23.40 | 26.10 | 17.70 | 19.05 | 19.35 | 35.85 | 24.30 | 15.15 | 19.05 | 18.45 | 19.65 | 19.80 | 18.15 | 21.15 | 21.60 |
| EPS Diluted | -32.19 | -49.05 | -65.71 | -16.58 | -23.73 | -6.35 | -2.46 | -25.46 | -3.04 | 4.65 | -11.11 | -24.75 | -15.38 | -31.40 | -4.01 | 10.95 | 5.55 | 17.55 | 16.50 | 140.40 | 21.60 | 20.25 | 36.15 | 23.40 | 26.10 | 17.70 | 19.05 | 19.35 | 35.85 | 24.30 | 15.15 | 19.05 | 18.45 | 19.65 | 19.80 | 18.15 | 20.10 | 19.35 |
| Weighted Avg Shares Out | 5.31M | 5.24M | 5.15M | 5.01M | 4.65M | 4.62M | 4.61M | 4.58M | 4.55M | 4.24M | 3.67M | 3.64M | 3.38M | 2.73M | 2.59M | 2.51M | 2.42M | 2.41M | 2.41M | 1.17M | 1.07M | 977.24K | 892.23K | 884.62K | 888.32K | 576.27K | 577.43K | 580.11K | 577.05K | 576.14K | 574.26K | 545.93K | 547.43K | 549.62K | 626.27K | 628.10K | 520.10K | 384.26K |
| Weighted Avg Shares Out (Dil) | 5.31M | 5.24M | 5.15M | 5.01M | 4.65M | 4.62M | 4.61M | 4.58M | 4.55M | 4.24M | 3.67M | 3.64M | 3.38M | 2.73M | 2.59M | 2.53M | 2.46M | 2.45M | 2.43M | 1.19M | 1.10M | 977.24K | 892.23K | 884.62K | 888.32K | 576.27K | 577.43K | 580.11K | 577.05K | 576.14K | 574.26K | 545.93K | 547.43K | 549.62K | 626.27K | 628.10K | 547.27K | 428.94K |
PREIT Looks Forward to Welcoming Coveted Brand Primark to Mall at Prince George's
PHILADELPHIA , Feb. 7, 2024 /PRNewswire/ -- PREIT (OTC:PRET) today announced the execution of a lease with Primark at Mall at Prince George's in Hyattsville, MD. The retailer will take 30,000 square feet and plans to open in 2025.
The State Of REITs: January 2024 Edition
The REIT sector closed the year out strong with a +11.40% total return in December, pushing into positive territory for the full year (+8.66%). Small cap REITs (+13.39%) outperformed in December. Large cap REITs (+9.55%) averaged a lower return than...
The State Of REITs: December 2023 Edition
The REIT sector averaged a +9.50% total return in November, but remains in negative territory year to date (-2.27%). Large cap REITs (+11.54%) outperformed again in November. Micro caps (+3.30%) finally had a month in the black, but continue to...
PREIT Takes Steps to Significantly Strengthen Balance Sheet and Solidify Future of Business
Focus on Delivering Exceptional Experiences for Shoppers and Tenants Continues Enters Restructuring Support Agreement with 100% of PREIT's First and Second Lien Lenders and Commences Chapter 11 Proceedings to Implement Prepackaged Plan PHILADELPHIA , Dec. 11, 2023 /PRNewswire/ -- PREIT...
PREIT Reports Third Quarter 2023 Results
Core Mall Total Occupancy 93.6%, Portfolio 94.8% Leased Average Renewal Spreads Were 8.5% for the Quarter Ended September 30, 2023 PHILADELPHIA , Nov. 14, 2023 /PRNewswire/ -- PREIT (OTCQB:PRET) today reported results for the three and nine months ended September 30,...
Shareholders of Pennsylvania Real Estate Investment Trust Issue Open Letter to Board of Trustees
PHILADELPHIA--(BUSINESS WIRE)--PREIT shareholders John Saunders and David Steinberg are members of an ad hoc group of shareholders who have sent a letter to PREIT's Board of Trustees asserting that the Board's decision to ignore the results of the recent election...
Over a Dozen Diverse and Impactful Tenants in 575,000 Square Feet Opening Throughout PREIT Portfolio, Strengthening Core Assets
PHILADELPHIA , Aug. 14, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET) welcomed several new and diverse tenants across its portfolio. For over a decade, PREIT has focused on going beyond traditional mall tenancy to include leisure and entertainment options, traditional open...
PREIT Reports Second Quarter 2023 Results
Core Mall Total Occupancy Grew to 94.2%, Portfolio 95.0% Leased Core Mall Sales Per Square Foot Were $592 in June Average Renewal Spreads Were 4.7% for the Quarter Ended June 30, 2023 PHILADELPHIA , Aug. 3, 2023 /PRNewswire/ -- PREIT...
PREIT Schedules Second Quarter 2023 Earnings Release and Conference Call
PHILADELPHIA , July 31, 2023 /PRNewswire/ -- PREIT (OTCQB:PRET) intends to release its financial results for the quarter ending June 30, 2023 before market trading begins on Thursday, August 3, 2023. Management has scheduled a conference call for 11:00 a.m.
PREIT Board of Trustees Issues Response to Letter from John R. Saunders
PHILADELPHIA , July 12, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET) today issued a statement and letter in response to the July 11, 2023 letter from John R. Saunders. Statement from PREIT: PREIT remains focused on advancing the goals of the...
Source: https://incomestatements.info
Category: Stock Reports