PEI

Pennsylvania Real Estate Investment Trust

Finance/Real Estate


Presented:06/09/2015
Price:$22.23
Cap:N/A
Current Price:$0.55
Cap:$0.00B

Presented

Date06/09/2015
Price$22.23
Market CapN/A
Ent Value$3.55B
P/E RatioN/A
Book Value$11.27
Div Yield3.78%
Shares O/S0.00M
Ave Daily Vol570,000
Short Int8.16%

Current

Price$0.55
Market Cap$0.00B
Pennsylvania Real Estate Investment Trust (PREIT) is a publicly owned equity real estate investment trust. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It also provides management, leasing, and development services to affiliate and third party property owners. Pennsylvania Real Estate Investment Trust was founded in 1960 and is based in Philadelphia, Pennsylvania.

Publicly traded companies mentioned herein: Pennsylvania REIT (PEI)

Highlights

The presenter is long shares of Pennsylvania REIT (PEI), calling it a “historically ignored” company that is starting to draw more attention due to a combination of portfolio high-grading, conclusion of equity issuance, and operational improvements. Though the stock has traditionally underperformed peers, he thinks PEI shares are set to appreciate as the company takes the right steps, and expects the discount to NAV to shrink. In addition, PEI could stand to benefit from deal activity in the space as a small acquisition that would be immediately accretive to an acquirer’s FFO. The presenter expects the share price to exceed $30 for a 35% upside from current levels.

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Idea Discussion

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