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
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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)
Dartmouth Mall Hosting Diaper Drive to Benefit United Way Cause
In honor of Mother s Day, the Dartmouth Mall has partnered with United Way of Greater New Bedford to support local families that are experiencing a diaper need with a Diaper Drive. Every baby should be clean, dry, healthy, and happy.
Diaper donations can be dropped off for the Baby Bundles project at Yankee Candle, and Old Navy now through Sunday, May 16. The Mall will only be accepting unopened diapers of all sizes and brands for babies and toddlers.
The first 50 people to donate will receive a free gift card to Yankee Candle or Old Navy valued at $5 courtesy of the Dartmouth Mall. Stop by one of the drop locations to drop off and collect your gift card.
Suez Canal Barge Placed Next to SouthCoast Landmarks
Thankfully Ever Given barge was freed from the Suez Canal earlier this week, avoiding what could have amounted to a break in the supply chain for some vital things like toilet paper – imagine going through that crisis again. Luckily, it didn t come to that.
What was incredible during the effort to dislodge the barge was the size of the bulldozers that were working to remove the sludge that was trapping it. It was stunning to see how small those bulldozers were compared to the barge that had run aground.
Enter the Ever Given Ever Ywhere website. The site marries a satellite view of anywhere on earth that allows you to zoom in and place the barge anywhere you like.
UpdatedFri, Mar 12, 2021 at 11:19 am ET
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The former Sears store at the Moorestown Mall will become a Cooper Hospital outpatient location, the mall owners announced this week. (Photo Credit: Anthony Bellano)
MOORESTOWN, NJ The former Sears store at the Moorestown Mall will become a Cooper Hospital outpatient location, the mall owners announced this week. A transaction has been executed with Cooper Hospital for an outpatient location in the former Sears space at Moorestown Mall, the Pennsylvania Real Estate Investment Trust (PREIT) said in announcing its full 2020 financial results and earnings for the first quarter of 2021. Cooper University Health Care, a leading academic health system in the southern New Jersey and Philadelphia region, will open a specialty care facility in the former Sears location at Moorestown Mall occupying over 165,000 square feet, PREIT officials said in a statement. With this addition and the apartments and hotel planned for the site, the pro
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