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Pennsylvania Real Estate: Q1 Earnings Snapshot
By AP News - May 04, 2023, 07:15 AM ET
Last Updated - May 02, 2024, 02:22 PM EDT
Pennsylvania Real Estate Investment Trust (PRET) on Thursday reported a loss in a key measure in its first quarter
PHILADELPHIA (AP) — PHILADELPHIA (AP) — Pennsylvania Real Estate Investment Trust (PRET) on Thursday reported a loss in a key measure in its first quarter.
The Philadelphia-based real estate investment trust said it had a funds from operations loss of $16.4 million, or $3.05 per share, in the period.
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Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $51.9 million, or $9.75 per share.
The shopping mall real estate investment trust, based in Philadelphia, posted revenue of $67.3 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PRET">Zacks stock report on PRET at https://www.zacks.com/ap/PRET
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