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REIT Comments |
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07/22/2010
PEI $12
Pennsylvania REIT PEI traded UP $0.72 per share to close UP +7% day
PEI outperformed Retail REITs, UP +39% year to date for 2010
PEI recent comments at NAREIT indicated improving environment for tenant sales and rental rates
PEI previous guidance for FFO for 2010 indicated potential for (37%) decline due to dilution from share offerings
PEI a Retail REIT with a portfolio of regional malls in mid-Atlantic states
PEI we rank 2 BUY
PEI market cap $541 million
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