PREIT (PEI) Reports In-Line Q1 EPS
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PREIT Reports Strong First Quarter 2016 Results Reflecting Upgraded Portfolio
April 26, 2016 4:30 PM EDTPHILADELPHIA, April 26, 2016 /PRNewswire/ --Â PREIT (NYSE: PEI) today reported results for the quarter ended March 31, 2016.
FFO, as adjusted per share grew 7.5% from $0.40 to $0.43. FFO per share grew 23.5% to $0.42. Dilution from assets sold since March 2015 was $0.04 per share. Â Same Store NOI excluding lease terminations grew by 4.1%. Same Store NOIÂ grew by 3.8% Average gross rent per square foot at Same Store malls increased 4.8%. Same Store revenue excluding expense reimbursements and lease termination revenue grew by 3.2%.... More