preit (nyse:pei) is a publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls. headquartered in philadelphia, pennsylvania, the company owns and operates over 23 million square feet of retail space in the eastern half of the united states with concentration in the mid-atlantic region’s top msas. since 2012, the company has driven a transformation guided by an emphasis on balance sheet strength, high-quality merchandising and disciplined capital expenditures. additional information is available at www.preit.com.
Company profile
Ticker
PRET, PRETL, PRETM, PRETN
Exchange
Website
CEO
Joseph Coradino
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
801 Developers, LP • Bala Cynwyd Associates, LP • Plymouth Ground Associates, LP • PR 8-10 Market LP • PR 907 MARKET MEZZ LP • PR AEKI Plymouth, LP • PR BOS LP • PR Capital City Limited Partnership • PR CC Limited Partnership • PR Exton Limited Partnership ...
IRS number
236216339
PRET stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Apr 24
Transcripts
PRET
Earnings call transcript
2023 Q2
3 Aug 23
PRET
Earnings call transcript
2023 Q1
4 May 23
PRET
Earnings call transcript
2022 Q4
22 Mar 23
PRET
Earnings call transcript
2022 Q3
8 Nov 22
PRET
Earnings call transcript
2022 Q3
8 Nov 22
PRET
Earnings call transcript
2022 Q2
9 Aug 22
PRET
Earnings call transcript
2022 Q2
9 Aug 22
PRET
Earnings call transcript
2022 Q1
5 May 22
PRET
Earnings call transcript
2022 Q1
5 May 22
PRET
Earnings call transcript
2021 Q4
15 Mar 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 33.82 mm | 33.82 mm | 33.82 mm | 33.82 mm | 33.82 mm | |
Cash burn (monthly) | 460.67 k | 52.33 k | (no burn) | 236.33 k | (no burn) | |
Cash used (since last report) | 5.88 mm | 667.51 k | n/a | 3.01 mm | n/a | |
Cash remaining | 27.95 mm | 33.15 mm | n/a | 30.81 mm | n/a | |
Runway (months of cash) | 60.7 | 633.5 | n/a | 130.4 | n/a |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 36.36 mm |
Total shares | 7.25 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
He Zhengxu | 6.72 mm | $35.83 mm |
Saunders Family Trust dated 11/7/08 | 381.94 k | $0.00 |
Cygnus Capital | 147.80 k | $532.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Pizzi Charles P | Shares of Beneficial Interest, par value $1.00 per share | Other | Dispose J | No | No | 0 | 10,712 | 0.00 | 0 |
1 Apr 24 | Mario C. Jr. Ventresca | Shares of Beneficial Interest, par value $1.00 per share | Other | Dispose J | No | No | 0 | 8,677 | 0.00 | 0 |
1 Apr 24 | Michael J. DeMarco | Shares of Beneficial Interest, par value $1.00 per share | Other | Dispose J | No | No | 0 | 3,712 | 0.00 | 0 |
1 Apr 24 | Roberts John Joseph | Shares of Beneficial Interest, par value $1.00 per share | Other | Dispose J | Yes | No | 0 | 12,816 | 0.00 | 0 |
1 Apr 24 | Alburger George J JR | Shares of Beneficial Interest, par value $1.00 per share | Other | Dispose J | No | No | 0 | 10,175 | 0.00 | 0 |