PEI - PENN REAL EST ()

PEIのニュース

   PREIT Receives Zoning Approval to Add Multifamily, Hotel Uses to New Jersey’s Moorestown Mall | REBusinessOnline  2021/01/11 12:54:23 REBusinessOnline
MOORESTOWN, N.J. — Pennsylvania Real Estate Investment Trust (PREIT) has received a zoning approval that will allow the Philadelphia-based mall owner to add up to 1,065 multifamily units and a hotel to its Moorestown Mall in Southern New Jersey. For PREIT (NYSE: PEI), which filed for Chapter 11 bankruptcy in early November, the move is […]
   2020 Default Tsunami: Pandemic Sparks Most US Bankruptcies Since 2009  2021/01/05 17:25:00 Zero Hedge
2020 Default Tsunami: Pandemic Sparks Most US Bankruptcies Since 2009 While it will hardly come as a surprise to anyone, at least the data is now official: more large US companies filed for bankruptcy in 2020 than in any year since the global financial crisis, after the covid pandemic locked down the US economy and tipped swaths of the economy into distress. The hardest hit sectors were energy, retail and consumer services, with a total of 244 bankruptcy filings according to data compiled by Bloomberg. That was the most since 2009, when 293 U.S. companies sought protection from creditors. The flipside is that since the March crash, when capital markets froze, credit markets have rallied, lifting many borrowers out of distress, and yet bankruptcy experts predict another wave of filings that could start in the second quarter of 2021 as the stimulus cash runs out. Energy, retail, consumer and travel companies remain especially vulnerable - even after vaccines are distributed - following lasting damage inflicted by the virus.
   Struggling Retailers Owe $52 Billion In Overdue Rents  2020/11/22 03:30:00 Zero Hedge
Struggling Retailers Owe $52 Billion In Overdue Rents Tyler Durden Sat, 11/21/2020 - 22:30 The virus pandemic - with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption - since March has fueled uncertainty among US retailers as many find themselves in a $52 billion hole. Bloomberg , citing new data via CoStar Group Inc., outlines how restaurants, gyms, and other businesses have accumulated insurmountable rent payments that have been deferred for months. This has resulted in landlords demanding outstanding balances be immediately paid, could drive some retailers into bankruptcy . "You're going to have big bubbles that are going to be hitting next year or even in the fourth quarter," said Andy Graiser, co-president of A&G Real Estate Partners, an advisory firm. "I'm not sure if they are going to be able to make those payments in addition to their existing rent." The problem with overdue rents, totaling $52 billion as of November, is that retail sales growth in October slumped and is expected to wane into year-end.
   Mall Owners CBL and PREIT Preview Coming Fights With Creditors  2020/11/03 23:32:00 The Wall Street Journal
Shopping mall owners CBL & Associates Properties and Pennsylvania Real Estate Investment Trust are facing determined opponents to the companies’ respective bankruptcy restructuring plans.
   Two major mall owners file for bankruptcy citing rent losses  2020/11/02 23:12:00 CBS News
CBL and Pennsylvania Real Estate Investment Trust said tenants that have had to close can no longer afford rent.
   Struggling Retailers Owe $52 Billion In Overdue Rents  2020/11/22 03:30:00 Zero Hedge
Struggling Retailers Owe $52 Billion In Overdue Rents Tyler Durden Sat, 11/21/2020 - 22:30 The virus pandemic - with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption - since March has fueled uncertainty among US retailers as many find themselves in a $52 billion hole. Bloomberg , citing new data via CoStar Group Inc., outlines how restaurants, gyms, and other businesses have accumulated insurmountable rent payments that have been deferred for months. This has resulted in landlords demanding outstanding balances be immediately paid, could drive some retailers into bankruptcy . "You're going to have big bubbles that are going to be hitting next year or even in the fourth quarter," said Andy Graiser, co-president of A&G Real Estate Partners, an advisory firm. "I'm not sure if they are going to be able to make those payments in addition to their existing rent." The problem with overdue rents, totaling $52 billion as of November, is that retail sales growth in October slumped and is expected to wane into year-end.
   Mall Owners CBL and PREIT Preview Coming Fights With Creditors  2020/11/03 23:32:00 The Wall Street Journal
Shopping mall owners CBL & Associates Properties and Pennsylvania Real Estate Investment Trust are facing determined opponents to the companies’ respective bankruptcy restructuring plans.
   Two major mall owners file for bankruptcy citing rent losses  2020/11/02 23:12:00 CBS News
CBL and Pennsylvania Real Estate Investment Trust said tenants that have had to close can no longer afford rent.
   Two US mall owners file for bankruptcy amid coronavirus crisis  2020/11/02 14:49:48 Mubasher Info
Cairo – Mubasher: Mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust have filed a chapter 11 petition.
   PREIT Schedules Third Quarter 2020 Earnings Release  2020/10/30 20:45:00 PR Newswire
PHILADELPHIA, Oct. 30, 2020 /PRNewswire/ -- Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) intends to release its financial results for the quarter ending September 30, 2020 before market trading begins on Friday, November 6, 2020. Management will not host an earnings…
   Struggling Retailers Owe $52 Billion In Overdue Rents  2020/11/22 03:30:00 Zero Hedge
Struggling Retailers Owe $52 Billion In Overdue Rents Tyler Durden Sat, 11/21/2020 - 22:30 The virus pandemic - with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption - since March has fueled uncertainty among US retailers as many find themselves in a $52 billion hole. Bloomberg , citing new data via CoStar Group Inc., outlines how restaurants, gyms, and other businesses have accumulated insurmountable rent payments that have been deferred for months. This has resulted in landlords demanding outstanding balances be immediately paid, could drive some retailers into bankruptcy . "You're going to have big bubbles that are going to be hitting next year or even in the fourth quarter," said Andy Graiser, co-president of A&G Real Estate Partners, an advisory firm. "I'm not sure if they are going to be able to make those payments in addition to their existing rent." The problem with overdue rents, totaling $52 billion as of November, is that retail sales growth in October slumped and is expected to wane into year-end.
   Mall Owners CBL and PREIT Preview Coming Fights With Creditors  2020/11/03 23:32:00 The Wall Street Journal
Shopping mall owners CBL & Associates Properties and Pennsylvania Real Estate Investment Trust are facing determined opponents to the companies’ respective bankruptcy restructuring plans.
   Two major mall owners file for bankruptcy citing rent losses  2020/11/02 23:12:00 CBS News
CBL and Pennsylvania Real Estate Investment Trust said tenants that have had to close can no longer afford rent.
   Two US mall owners file for bankruptcy amid coronavirus crisis  2020/11/02 14:49:48 Mubasher Info
Cairo – Mubasher: Mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust have filed a chapter 11 petition.
   PREIT Schedules Third Quarter 2020 Earnings Release  2020/10/30 20:45:00 PR Newswire
PHILADELPHIA, Oct. 30, 2020 /PRNewswire/ -- Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) intends to release its financial results for the quarter ending September 30, 2020 before market trading begins on Friday, November 6, 2020. Management will not host an earnings…

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