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Written by 2:07 pm Blog, Current Investigations

Pennsylvania REIT (PEI): Retail REITs Share Prices Continue to Fall

Pennsylvania REIT 

Mall REITs decline as more retailers close their doors.

According to reports, the news on the Toys “R” Us bankruptcy this week has sent the share price of mall REITs, such as Pennsylvania REIT (PEI), spiraling downward.

Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers in the Mid-Atlantic states.

According to Business Insider, “At $9.48, shares {of PEI} are down 36% from a year ago and 63% from end of July 2016.”

With shares down, the company will likely need to preserve capital. Unfortunately, it appears likely that investors will see dividend cuts in the future.

With the decline of malls and shopping centers and the increase in online shopping, the future for Retail REITs, such as Pennsylvania REIT, is not bright.

Securities Investigation – Pennsylvania REIT

The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Pennsylvania REIT to investors.

Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.

Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.

If you are concerned about your investment in Pennsylvania REIT, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit https://whitesecuritieslaw.com.





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