/PRNewswire/ PREIT (NYSE: PEI) today announced that Chairman of the Board and Chief Executive Officer Joseph F. Coradino will present at NAREIT s REITWeek®.
PREIT Executes 80,000 Square Foot Fulfillment Center at Cumberland Mall
Transaction highlights PREITs continued success in anchor repositioning to offer more uses
News provided by
Share this article
Share this article
PHILADELPHIA, May 13, 2021 /PRNewswire/ PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that the Company has signed a new lease for a fulfillment center at Cumberland Mall in Vineland, NJ. The approximately 80,000 square foot facility will soon occupy the former Burlington space delivering a new source of non-retail revenue. The property is ideally situated in a location which serves a large trade area along a key route between Philadelphia and the Jersey shore.
PREIT Reports First Quarter 2021 Results
Year-to-Date Leasing Volume Over 500% Greater Than Full Year 2020 and 35% Ahead of Full Year 2019
Liquidity Profile Continues to Improve; Total Liquidity of $103.6 Million at End of First Quarter
Traffic approaching pre-COVID levels across portfolio at 86.4% of 2019 for Comparable Portfolio in April
News provided by
Share this article
Share this article
PHILADELPHIA, May 5, 2021 /PRNewswire/ PREIT (NYSE: PEI) today reported results for the three months ended March 31, 2021. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.
Three Months Ended March 31,
(per share amounts)
PREIT Reports Robust Leasing Activity Growth as it Welcomes New Tenants to Diverse Portfolio
Over 500 percent growth in leasing thus far in 2021, as compared to full year 2020
News provided by
Share this article
PHILADELPHIA, April 28, 2021 /PRNewswire/
PREIT (NYSE: PEI), a leading operator of distinctive real estate in high barrier-to-entry markets, today provided an update on robust demand for space in its evolving communities driven by their distinctive appeal and an improving in-person experience landscape.
During the first quarter of 2021, the Company executed transactions to occupy nearly 600,000 square feet of space. This figure compares to just over 100,000 square feet in