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 ...

Virtually from the moment Pennsylvania Real Estate Investment Trust emerged from bankruptcy at the beginning of last year, it has been working furiously to avoid going under again for good. PREIT CEO ...

PREIT's lenders support a debt-slashing bankruptcy Shareholders to receive $10 million for canceled equity Major tenants like JC Penney, Sears have gone bankrupt Dec 11 (Reuters) - Mall owner ...

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 ...

PHILADELPHIA - The owner of two South Jersey malls has emerged from bankruptcy after shedding about $850 million in debt. PREIT Realty LLC also cut ties with its former leadership and surrendered its ...

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 ...

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 ...

PHILADELPHIA (WPVI) -- PREIT, the organization that owns several major malls across the Delaware Valley, filed for bankruptcy on Monday for the second time since the pandemic. Part of the filing ...

Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) has completed its acquisition of Springfield Town Center in Springfield in a deal worth $485 million. PREIT bought the recently ...

PREIT, the Philadelphia-based owner of regional malls, reported a net loss of $71.3 million for the three months ending Sept. 30. PREIT pays out retention bonuses as company's struggles continue Four ...

The owner of several area malls in Chester, Delaware and Montgomery counties is facing possible delisting from the New York Stock Exchange. PREIT (Pennsylvania Real Estate Investment Trust) said it ...

PHILADELPHIA – For the second time in three years, a Delaware Valley mall operator is seeking to reorganize its finances in bankruptcy court. Under a proposed restructuring, PREIT would cease to be a ...