Pennsylvania Real Estate Investment Trust
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Joseph F. Coradino
- Full Time Employees
- 149
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- One Commerce Square Philadelphia PA United States of America 19103
- IPO Date
- May 3, 1973
- Website
- preit.com
- Similar Companies
- Business
- Pennsylvania Real Estate Investment Trust (PREIT, OTCQB: PRET), founded in 1960 and headquartered in Philadelphia, Pennsylvania, operates as a real estate investment trust focused on owning, managing, and redeveloping retail properties in densely populated regions of the eastern United States, including the Mid-Atlantic, Northeast, Midwest, and DC Metro areas; its portfolio encompasses over 23 million square feet of premier shopping destinations such as regional malls, community centers, and lifestyle centers transformed into mixed-use community hubs emphasizing five core opportunity areas—multifamily and hotel developments, health and tech facilities, experiential retail, essentials and grocery anchors, and traditional retail leasing—with properties serving as one-stop destinations for shopping, dining, entertainment, and living. PREIT generates revenue primarily through rental income from a diverse tenant mix including national retailers, grocery stores, and experiential brands, while pursuing redevelopment projects to integrate residential, hospitality, and innovative commercial spaces amid evolving consumer trends. In recent years, the company has navigated financial challenges through a prepackaged Chapter 11 reorganization process, including a Restructuring Support Agreement amended in early 2024 and a Modified Joint Prepackaged Chapter 11 Plan filed that year, alongside strategic tenant additions such as Crumbl Cookies at Valley Mall, Pandora at Magnolia Mall, and Kokua Shaved Ice at Capital City Mall to enhance portfolio vibrancy and occupancy.
PREIT Looks Forward to Welcoming Coveted Brand Primark to Mall at Prince George's
The State Of REITs: January 2024 Edition
The State Of REITs: December 2023 Edition
PREIT Takes Steps to Significantly Strengthen Balance Sheet and Solidify Future of Business
PREIT Reports Third Quarter 2023 Results
Shareholders of Pennsylvania Real Estate Investment Trust Issue Open Letter to Board of Trustees
Over a Dozen Diverse and Impactful Tenants in 575,000 Square Feet Opening Throughout PREIT Portfolio, Strengthening Core Assets
PREIT Reports Second Quarter 2023 Results
PREIT Schedules Second Quarter 2023 Earnings Release and Conference Call
PREIT Board of Trustees Issues Response to Letter from John R. Saunders
PREIT Board of Trustees Issues Response to Letter from "Concerned Shareholders"
The State Of REITs: June 2023 Edition
Sell Alert: 2 REITs That Likely Will Cut Their Dividends
The State Of REITs: January 2023 Edition