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

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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…

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