PREIT Reports Second Quarter 2022 Results
Total Core Mall Leased Space Strong at 95.0% Core Mall Sales Per Square Foot Reached $605 in June, up 12.2% compared to 2019 Average Renewal Spreads were 2.3% for the Six Months Ended June 30th Core Mall Total Occupancy Increased 480 Basis Points to 93.8% PHILADELPHIA , Aug. 9, 2022 |PRNewswire| -- PREIT (NYSE: PEI ) today reported results for the three and six months ended June 30 , 2022. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More information about PREIT can be found at www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)"
PREIT Reports Second Quarter 2022 Results
Total Core Mall Leased Space Strong at 95.0% Core Mall Sales Per Square Foot Reached $605 in June, up 12.2% compared to 2019 Average Renewal Spreads were 2.3% for the Six Months Ended June 30th Core Mall Total Occupancy Increased 480 Basis Points to 93.8% PHILADELPHIA , Aug. 9, 2022 |PRNewswire| -- PREIT (NYSE: PEI ) today reported results for the three and six months ended June 30 , 2022. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release. www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More information about PREIT can be found at www.preit.com or on Twitter or LinkedIn. (PRNewsFoto|PREIT) (PRNewsFoto|)"