PREIT’s common and preferred shares are now trading on the OTCQB Market under new tickers: PRET (formerly PEI), PRETL (PEI PrB), PRETM (PEI PrC) and PRETN (PEI PrD), as a result of the NYSE’s global market capitalization requirement. Importantly, this transition does not affect the Company’s business operations. PREIT will continue to create the compelling experiences our shoppers and tenants seek. PREIT remains focused on creating value for all of its stakeholders by improving its balance sheet, having recently extended the maturity dates of its Credit Facilities and obtaining approvals for multi-family and hotel developments at Springfield Town Center in Virginia, and driving portfolio quality by adding new tenants and experiences to our properties. Over the past decade, PREITs portfolio has been transformed through strategic mall disposition and proactive anchor replacement programs, wherein the Company disposed of 19 low-productivity malls and replaced 19 anchors with over 3 dozen new tenants.
For more information regarding the Company’s strategy and achievements, please visit investors.preit.com and click on News & Reports or Quarterly Earnings.
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