Pennsylvania Real Estate: Q3 Earnings Snapshot
Pennsylvania Real Estate Investment Trust (PRET) on Tuesday reported a key measure of profitability in its third quarter
By AP News
Published - Nov 14, 2023, 07:54 AM ET
Last Updated - May 07, 2024, 01:34 PM EDT
PHILADELPHIA (AP) — PHILADELPHIA (AP) — Pennsylvania Real Estate Investment Trust (PRET) on Tuesday reported a key measure of profitability in its third quarter.
The Philadelphia-based real estate investment trust said it had funds from operations of $28.7 million, or $5.33 per share, in the period.
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 $63.9 million, or $12 per share.
