192.75119
Shares Owned
$371.72
Cost Basis
-$157.77 (-42.44%)
Total Gain/Loss
$5.66
Earned Dividends
Company Overview
Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers mostly in the Mid-Atlantic states. As of December 31, 2019, the company owned interest in 26 properties in 9 states containing 20.1 million square feet. – Wikipedia
Why PEI?
Pennsylvania Real Estate is an extreme risk play, however I believe they have strong potential moving forward if they can make it through their current issues. As a mall REIT, PEI has been a long forgotten investment due to the “Mall-pocalypse” facing many retailers as online businesses such as Amazon drive traffic away from brick and mortar stores. However, anticipating this inevitable collapse, PEI decided to sell all of its most at risk and low income producing assets and pump all available funds into renovating their remaining portfolio. As a result, PEI’s malls have been tailored to a more experience based shopping center that draws consumers in for a longer time.
Although PEI is far from out of the woods, the potential reward from this company prospering far outweighs the risk.
Risk play. Understand product – Mall. Seen local mall expand and evolve over time and understand the push towards experience shopping vs. just retail. Facing a lot of problems from mall problems. Turnaround is about to be completed and should see trend back up. Extremely high dividend yield.
Change Log
Dividend = $3.86
June 15, 2020
Dividend = $5.66
March 16, 2020
Invested = $102.05 ; Purchased = 106.85863 shares @ $0.96
March 12, 2020
Invested = $127.90 ; Purchased = 58.94009 shares @ $2.17
March 6, 2020
Invested = $141.77 ; Purchased = 26.95247 shares @ $5.26
January 2, 2020
*New Position Started*