Covid-19 has toppled two mall owners into bankruptcy. Pennsylvania Real Estate Investment Trust and CBL Properties are the first and second mall operators, respectively, to restructure operations ...

Despite strength in occupancy and sales at its core malls, PREIT’s financial situation — and its relationship with shareholders — continues to deteriorate. PREIT’s interest expense increased by $13.2M ...

Add Yahoo as a preferred source to see more of our stories on Google. PHILADELPHIA – For the second time in three years, a Delaware Valley mall operator is seeking to reorganize its finances in ...

Simon Property Group and PREIT, the longtime owners of Springfield Mall, missed the October payment date on their loan and it ...

Last week, Pennsylvania Real Estate Investment Trust (PEI +0.00%) reported adjusted funds from operations (FFO) of $0.26 per share for the first quarter, down from $0.29 a year earlier but a penny ...

PREIT made progress in 2021 toward digging itself out of the hole created in the mall world by the advent of COVID-19. After filing for bankruptcy in 2020, PREIT recapitalized, grew its sales and cut ...

The Pennsylvania Real Estate Investment Trust (Preit) has filed a Chapter 11 petition in the federal Delaware bankruptcy court and presented a reorganization plan to reduce indebtedness by $880 ...

PHILADELPHIA – Retail property operator PREIT (Pennsylvania Real Estate Investment Trust) has filed a voluntary Chapter 11 petition in the United States Bankruptcy Court for the District of Delaware.

PHILADELPHIA, Oct. 10, 2019 /PRNewswire/ -- PREIT (NYSE: PEI) today celebrates the opening of the highly-anticipated Woodland Mall expansion wing. In 2017, the Company proactively recaptured the Sears ...

Mall operator Pennsylvania Real Estate Investment Trust filed for Chapter 11 bankruptcy protection this week, three years after a previous bankruptcy filing. PREIT will pay all vendors, suppliers and ...

PHILADELPHIA, Sept. 10, 2020 /PRNewswire/ -- PREIT today highlighted a series of "Park and Play" summer and fall events encouraging its communities to be social while prioritizing social distancing ...

PREIT released its second quarter earnings report, and it's not difficult to see why investors might be disappointed. Adjusted funds from operations (FFO), the REIT version of "earnings," fell to ...