Pennsylvania Real Estate Investment Trust also known as PRIET, has announced the opening of the Saks Fifth Avenue OFF 5TH, the top-class destination for top designer brands at Town Center in Springfield, VA. This move is in line with the Philadelphia, PA-based retail real estate investment trust’s (“REIT”) strategy of enhancing the Springfield Town Center portfolio as well as to augment the quality of its overall portfolio.
Saks Fifth Avenue OFF 5TH occupies 30,000 square feet and marks PREIT’s first mall location in Northern Virginia. This luxury value retailer with over 800 brands at up to 70% discount, will well complement the varied tenant mix Springfield Town Center.
PREIT is engaged in acquiring and holding investment interests in real estate. Notably, located in Fairfax County, Springfield Town Center was reopened in Oct 2014, in a grand ceremony. Since then, the center has added new and high-quality tenants, raising the footfall significantly. The latest addition is another feather in the cap for the center.
Currently PREIT carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. (AAT - Free Report) , EPR Properties (EPR - Free Report) and Weingarten Realty Investors . All these stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Pennsylvania Real Estate Investment Trust also known as PRIET, has announced the opening of the Saks Fifth Avenue OFF 5TH, the top-class destination for top designer brands at Town Center in Springfield, VA. This move is in line with the Philadelphia, PA-based retail real estate investment trust’s (“REIT”) strategy of enhancing the Springfield Town Center portfolio as well as to augment the quality of its overall portfolio.
Saks Fifth Avenue OFF 5TH occupies 30,000 square feet and marks PREIT’s first mall location in Northern Virginia. This luxury value retailer with over 800 brands at up to 70% discount, will well complement the varied tenant mix Springfield Town Center.
PREIT is engaged in acquiring and holding investment interests in real estate. Notably, located in Fairfax County, Springfield Town Center was reopened in Oct 2014, in a grand ceremony. Since then, the center has added new and high-quality tenants, raising the footfall significantly. The latest addition is another feather in the cap for the center.
Currently PREIT carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. (AAT - Free Report) , EPR Properties (EPR - Free Report) and Weingarten Realty Investors . All these stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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