Pennsylvania Real Estate: Q1 Earnings Snapshot

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.

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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PRET at

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