PHILADELPHIA—Pennsylvania Real Estate InvestmentTrust (PREIT) is giving its shareholders a 20-centdividend per common share after having a very busy second quarter.The news comes as the major mall REIT is releasing its Q2 results,for the period which ended June 30, after the market closes on July29.

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PREIT, which owns and operates 30 million square feet of retailspace, most of it enclosed malls, has made a lot of news during itssecond quarter, the bulk of it dealing with existing assets.

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Just last week, the REIT announced that is singed onnew tenants at its Moorsetown [NJ] Mall, includingfashion designers Erdon andZeyzani, as well as the first OrangetheoryFitness in the area. PREIT management calls thiscollection of new stores part of its "Boutique Row" underdevelopment.

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Prior to that, on June 26, PREIT announced the expansion ofmedical-office tenant Health Partners Plans Inc.in its Gallery development, in Philadephia, from 140,000 squarefeet to an additional 70,000 square feet, adding an additionalfloor to that mixed-use retail facility in the city center.

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Meanwhile, on June 19, the mall owner announced that it has anagreement with the Retail Group of America to bring the firm'stenant's, such as F&F, Flomarand Suite Blanco to Patrick HenryMall, in Newport News, VA, among other assets.

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