PREIT Q3 FFO Rises

(RTTNews) - Pennsylvania Real Estate Investment Trust (PEI) Tuesday reported third-quarter funds from operations of $34.3 million or $0.48 per share, up from $31.2 million or $0.44 per share last year.

Net loss for the quarter was $4.8 million or $0.07 per share, compared with net income of $8.2 million or $0.12 per share last year.

Total revenues for the quarter were $105.1 million compared with $110.3 million last year.

Analysts polled by Thomson Reuters estimated FFO of $0.51 per share on revenues of $72.9 million for the quarter. Analysts' estimates typically exclude one-time items.