Pennsylvania Real Estate Investment Trust (PRET)

Company Profile

PREIT is a publicly traded real estate investment trust that owns and manages distinctive real estate in high barrier-to-entry markets at the forefront of enabling communities through the built environment. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in densely-populated, high barrier-to-entry markets with tremendous opportunity to create vibrant multi-use destinations.

Company profile

Ticker

PRET, PRETM, PRETL, PRETN

Exchange

NYSE

Website

www.preit.com

CEO

Joseph Coradino

Incorporated

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • VEREIT • ARMOUR Residential REIT • Vornado Realty Trust • Welltower • Healthpeak Properties • Ventas ...

SEC CIK

0000077281

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Latest filings (excl ownership)

View all

Results of Operations and Financial Condition

22 Mar 23

8-K

PREIT Reports Fourth Quarter and Full Year 2022 Results

22 Mar 23

8-K

PREIT Completes Extension of Key Mortgage Maturity and Provides Update on Asset Sales

PREIT Announces Plan to Commence Trading on OTC Markets

16 Dec 22

8-K

PREIT Successfully Achieves Extension of Credit Facilities

8 Dec 22

Transcripts

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PRET

Earnings call transcript

2022 Q3

8 Nov 22

PRET

Earnings call transcript

2022 Q2

9 Aug 22

PRET

Earnings call transcript

2022 Q1

5 May 22

PRET

Earnings call transcript

2021 Q4

15 Mar 22

PRET

Earnings call transcript

2021 Q3

4 Nov 21

PRET

Earnings call transcript

2021 Q2

5 Aug 21

PRET

Earnings call transcript

2021 Q1

6 May 21

PRET

Earnings call transcript

2020 Q4

12 Mar 21

PRET

Earnings call transcript

2020 Q2

11 Aug 20

PRET

Earnings call transcript

2020 Q1

21 May 20

Latest ownership filings

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SC 13D/A

Saunders Family Trust dated 11/7/08

21 Mar 23

Mario C. Jr. Ventresca

Mario C. Jr. Ventresca

17 Feb 23

Joseph J. Aristone

17 Feb 23

Financial summary

Financial statements Chart PRET financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	34.69 mm	34.69 mm	34.69 mm	34.69 mm	34.69 mm	34.69 mm
Cash burn (monthly)	(no burn)	1.95 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	5.70 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	28.99 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	14.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

PRET institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	33	44	-25.0%
Opened positions	2	5	-60.0%
Closed positions	13	32	-59.4%
Increased positions	7	0	NEW
Reduced positions	8	35	-77.1%

13F shares	Current	Prev Q	Change
Total value	44.66 mm	44.99 mm	-0.7%
Total shares	13.94 mm	13.98 mm	-0.2%
Total puts	0.00	36.30 k	EXIT
Total calls	20.40 k	40.60 k	-49.8%
Total put/call ratio	–	0.9	–

Largest owners	Shares	Value	Change
He Zhengxu	6.72 mm	$35.83 mm	0.0%
Saunders Family Trust dated 11/7/08	6.60 mm	$6.93 mm	0.0%
Lido Advisors	155.72 k	$453.00 k	+6.9%
Cygnus Capital	147.80 k	$532.00 k	0.0%
Vanguard	137.55 k	$400.00 k	-8.7%
Geode Capital Management	33.13 k	$96.00 k	0.0%
Citadel Advisors	26.20 k	$76.00 k	NEW
IVZ Invesco	20.95 k	$61.00 k	-5.2%
Brown Advisory	20.33 k	$59.00 k	0.0%
Group One Trading	18.77 k	$55.00 k	+13.7%

Largest transactions	Shares	Bought/sold	Change
MS Morgan Stanley	5.28 k	-33.87 k	-86.5%
Citadel Advisors	26.20 k	+26.20 k	NEW
STT State Street	0.00	-16.28 k	EXIT
Vanguard	137.55 k	-13.18 k	-8.7%
Lido Advisors	155.72 k	+10.00 k	+6.9%
Asset Management One	0.00	-7.14 k	EXIT
Nomura Asset Management	0.00	-3.20 k	EXIT
Group One Trading	18.77 k	+2.26 k	+13.7%
RY Royal Bank Of Canada	1.86 k	+1.81 k	+3693.9%
JPM JPMorgan Chase & Co.	1.73 k	+1.73 k	+86550.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PRET insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Mar 23	Mario C. Jr. Ventresca	Shares of Beneficial Interest, par value $1.00 per share	Sale back to company	Dispose D	No	No	1.3088	11,481	15.03 k	8,677
6 Mar 23	Mario C. Jr. Ventresca	Shares of Beneficial Interest, par value $1.00 per share	Option exercise	Acquire M	No	No	0	11,481	0.00	20,158
6 Mar 23	Mario C. Jr. Ventresca	Restricted Share Units Shares of Beneficial Interest	Option exercise	Dispose M	No	No	0	11,481	0.00	22,962
6 Mar 23	Andrew M. Ioannou	Shares of Beneficial Interest, par value $1.00 per share	Sale back to company	Dispose D	No	No	1.3088	5,472	7.16 k	6,378
6 Mar 23	Andrew M. Ioannou	Shares of Beneficial Interest, par value $1.00 per share	Option exercise	Acquire M	No	No	0	5,472	0.00	11,850
6 Mar 23	Andrew M. Ioannou	Restricted Share Units Shares of Beneficial Interest	Option exercise	Dispose M	No	No	0	5,472	0.00	10,942
6 Mar 23	Coradino Joseph F	Shares of Beneficial Interest, par value $1.00 per share	Sale back to company	Dispose D	No	No	1.3088	36,765	48.12 k	28,433
6 Mar 23	Coradino Joseph F	Shares of Beneficial Interest, par value $1.00 per share	Option exercise	Acquire M	No	No	0	36,765	0.00	65,198
6 Mar 23	Coradino Joseph F	Restricted Share Units Shares of Beneficial Interest	Option exercise	Dispose M	No	No	0	36,765	0.00	73,529
6 Mar 23	Sathana Semonsky	Shares of Beneficial Interest, par value $1.00 per share	Sale back to company	Dispose D	No	No	1.3088	1,857	2.43 k	199

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

PREIT Reports Fourth Quarter and Full Year 2022 Results

22 Mar 23

Core Mall Total Occupancy Grew to 94.8% Core Mall Non-Anchor Occupancy Increased 240 Basis Points to 92.1% Core Mall Sales Per Square Foot Were $606 in January, Growing 1.7% Over December 2022 Average Renewal Spreads

PREIT Opens Q&A Platform for Shareholders Ahead of Fourth Quarter 2022 Earnings Call

13 Mar 23

PHILADELPHIA, March 13, 2023 /PRNewswire/ -- PREIT (OTC:PRET), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today announced the opening of its shareholder Q&A

PREIT Schedules Fourth Quarter 2022 Earnings Release and Conference Call

2 Mar 23

PHILADELPHIA, March 2, 2023 /PRNewswire/ -- PREIT (OTC:PRET) intends to release its financial results for the quarter and year ending December 31, 2022 before market trading begins on Wednesday, March 22, 2023.

PREIT Sells Whole Foods Parcel for $27 Million

13 Feb 23

PREIT Announces Burlington as One of Many New Additions Joining Springfield Town Center

5 Jan 23