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 ...

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 ...

Retailers have already announced more than 6,000 store closures in the U.S. this year. This has included the outright liquidation of several major chains such as Payless ShoeSource, Charlotte Russe, ...

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 ...

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 ...

A day after PREIT released its earnings report for Q4, CEO Joe Coradino sounded an optimistic, even defiant tone as he declared the company "in great shape." The 2021 financial report it filed with ...

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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min CEO Jared Chupaila points to the ...

PLYMOUTH MEETING, PA — Preit, the owner of the Plymouth Meeting Mall and several other major greater Philadelphia-area shopping outlets, is facing significant financial trouble in the wake of the ...

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 ...

PHILADELPHIA, June 22, 2020 /PRNewswire/ -- Today, PREIT enthusiastically celebrates its suburban shopping mall reopening timeline and highlights meaningful results in its opened portfolio. In the ...

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 ...