Company:  PENNSYLVANIA REAL ESTATE ... (PEI)
Form Type:  SC 13G/A
Filing Date:  7/10/2020 
CIK:  0000077281 
Address:  ONE COMMERCE SQUARE
2005 MARKET STREET, SUITE 1000
 
City, State, Zip:  PHILADELPHIA, Pennsylvania 19103 
Telephone:  (215) 875-0426 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$0.53  
Change: 
-0.01 (-1.85%)  
Trade Time: 
04:10 PM EST  
Market Cap: 
$42.13M
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Description of Business
PREIT, a Pennsylvania business trust founded in 1960 and one of the first equity real estate investment trusts ("REITs") in the United States, has a primary investment focus on retail shopping malls located in the eastern half of the United States, primarily in the Mid-Atlantic region. We currently own interests in 26 retail properties, of which 25 are operating properties and one is a development property. The 25 operating properties include 21 shopping malls and four other retail properties, have a total of 20.1 million square feet and are located in nine states. We and partnerships in which we hold an interest own 15.7 million square feet at these properties (excluding space owned by anchors or third parties). There are 18 operating retail properties in our portfolio that we consolidate for financial reporting purposes. These consolidated properties have a total of 15.2 million square feet, of which we own 12.1 million square feet.
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  FORM SC 13G/A