How PREIT Plans Forward Strategy to Generate Success, Yield Results

PHILADELPHIA, PA—Pennsylvania Real Estate Investment Trust’s business is back and stronger than ever with fundamentals and outlook. “It is the brightest we’ve seen in years,” said CEO Joe Coradino on the firm’s Q3 earnings call. The momentum into the holidays, he said, is palpable across the portfolio. 

“If they’re selling off our weak properties, taking back department stores that should have closed, and bringing in tenants people seek out, the success of this strategy is demonstrable,” he explained. “Our determined effort to curate a portfolio that generates success for our tenants and impact for our community is yielding tangible results and strong NOI growth, leasing activity, traffic and sales trajectories.”