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 ...

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 ...

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 ...

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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The seven board members are ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min PREIT, the Philadelphia-based ...

The largest mall operator in Pennsylvania has filed for bankruptcy for the second time since the pandemic. With a portfolio of mall properties that includes the Cherry Hill Mall and a 50% stake in the ...

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 ...

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 – For the second time in three years, a Delaware Valley mall operator is seeking to reorganize its finances in bankruptcy court. Philadelphia-based PREIT said it expects to slash $880 ...