Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

This Mall REIT Says it’s Collecting More Rent—Are Shopping Centers Out of the Woods?

Join Sourcing Journal on May 18 at 11 am ET to learn how Cotton USA Solutions helps mills evaluate their current operations, develop better strategies and become more competitive and profitable.

Malls crashed into a liquidity crunch amid the tumult of the Covid-19 pandemic, but one REIT has good news on the cash-flow front. Philadelphia Real Estate Investment Trust (PREIT), a mall operator serving Pennsylvania’s largest metropolitan area, reported “sequential improvement in collection levels and recouping deferred rents from prior periods.” “Our commitment to restoring a…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!