Pennsylvania Real Estate Investment Trust


PEI

Price

6.84


Change

0.04


High

7.09


Low

6.72


Avg Volume

71,662


PE Ratio

-0.27


52 Week High

33.45


52 Week Low

3.24



Profile

Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers mostly in the Mid-Atlantic states. The company was founded by Sylvan M. Cohen in 1960 as one of the first equity REITs. In 1997, the company acquired the Rubin Organization for $260 million. In 2001, founder Sylvan Cohen died. In 2003, the company acquired 6 shopping malls from The Rouse Company. The company also acquired Crown American. In 2006, the company acquired Woodland Mall for $177.4 million. In 2012, Joseph Coradino was named chief executive officer of the company.


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