Here's Why PREIT Is Dropping on Wednesday
PREIT (NYSE: PEI), a real estate investment trust, or REIT, that operates shopping malls primarily located in the mid-Atlantic region, is under pressure on Wednesday. As of 2:30 p.m. EDT, the company's stock price had fallen by more than 10% for the day.
PREIT released its second quarter earnings report, and it's not difficult to see why investors might be disappointed. Adjusted funds from operations (FFO), the REIT version of "earnings," fell to $0.22 per share from $0.39 in the second quarter of last year.
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Quelle Fool.com
