- Q1 adjusted FFO of $28.2M or $0.40 per share vs. $28M and $0.40 one year ago.
- Same-store NOI excluding lease termination revenue of $61.3M up 5.6% from a year ago.
- Same-store portfolio sales per square foot of $414 up 9.8%.
- Same-store malls occupancy of 94.5% including anchors down from 94.9%, excluding anchors of 90.5% down from 91.2%.
- 2015 outlook is maintained: Adjusted FFO per share of $1.87-$1.92.
- CEO Joseph Coradino: "Today we see demonstrable evidence of PREIT's dramatic transformation. Portfolio sales were $414 per square foot, we've sold or are in the process of selling lower quality malls."
- Conference call is underway
- Previously: Pennsylvania REIT beats by $0.01, misses on revenue (April 28)
- PEI +1.6%
PREIT gains after Q1 results
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Symbol | Last Price | % Chg |
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PRETQ | - | - |
Pennsylvania Real Estate Investment Trust |