PREIT (PEI) Misses Q2 FFO by 3c, Updates FY Outlook

PREIT (NYSE: PEI) reported Q2 FFO of $0.39, $0.03 worse than the analyst estimate of $0.42.

PREIT sees FY2015 FFO of $1.84-$1.89, versus the consensus of $1.85.

2015 Outlook The Company has revised its previous estimates of FFO as adjusted per share for the year ending December 31, 2015 to give effect to the $0.03 per share dilution from its sale of Uniontown Mall and its entire 50% interest in Springfield Park. The Company has also revised its estimate of FFO per share to give effect to the prepayment penalty and accelerated amortization of deferred financing costs related to financing transactions completed in the second quarter. The Company has also revised its estimate of net loss attributable to PREIT common shareholders to account for the impairment charges recorded in the second quarter of 2015, the gain on sale of interests in real estate expected to be recorded in the third quarter of 2015 and other factors.

For earnings history and earnings-related data on PREIT (PEI) click here.

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