Pennsylvania Real Estate Investment Trust Surprises Market, Posts 2Q Loss
Fri, 08/08/2008 - 06:09 — Walt Thiessen
Pennsylvania Real Estate Investment Trust had been expected to post profits of about $0.85 per share according to RTTNews, but it turned out they took a loss of $0.08 per share, one more sign that the real estate crisis has a way to go before it starts to see daylight. Also reporting losses, this time on the lending side, was American Mortgage Acceptance Corporation which lost $4.01 per share over the past six months.
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