PHILADELPHIA, May 28, 2019 /PRNewswire/ -- PREIT (NYSE: PEI)
today announced that Chief Executive Officer Joseph F. Coradino and Executive Vice President
and Chief Financial Officer Robert F.
McCadden will present at NAREIT's REITWeek® 2019 in
New York, New York.
PREIT will present from 2:00 pm to 2:30
pm EDT on Tuesday June 4, 2019. A live audio broadcast of
PREIT's presentation will be available through the following link
https://reitstream.com/reitweek2019/pennsylvania-real-estate-investment-trust
or on the Company's website, preit.com. The webcast archive replay
will be accessible at the same location through September 4, 2019.
Additional materials will be posted to the Investor Relations
section of preit.com on June 4,
2019.
About PREIT
PREIT (NYSE:PEI) is a publicly traded real
estate investment trust that owns and manages quality properties in
compelling markets. PREIT's robust portfolio of carefully curated
retail and lifestyle offerings mixed with destination dining and
entertainment experiences are located primarily in the
densely-populated eastern U.S. with concentrations in the
mid-Atlantic's top MSAs. Since 2012, the company has driven a
transformation guided by an emphasis on portfolio quality and
balance sheet strength driven by disciplined capital expenditures.
Additional information is available at www.preit.com or on
Twitter or LinkedIn.
Forward Looking Statements
This press release contains
certain forward-looking statements that can be identified by the
use of words such as "anticipate," "believe," "estimate," "expect,"
"project," "intend," "may" or similar expressions. Forward-looking
statements relate to expectations, beliefs, projections, future
plans, strategies, anticipated events, trends and other matters
that are not historical facts. These forward-looking statements
reflect our current views about future events, achievements or
results and are subject to risks, uncertainties and changes in
circumstances that might cause future events, achievements or
results to differ materially from those expressed or implied by the
forward-looking statements. In particular, our business might be
materially and adversely affected by changes in the retail and real
estate industries, including consolidation and store closings,
particularly among anchor tenants; current economic conditions and
the corresponding effects on tenant business performance,
prospects, solvency and leasing decisions; our inability to collect
rent due to the bankruptcy or insolvency of tenants or otherwise;
our ability to maintain and increase property occupancy, sales and
rental rates; increases in operating costs that cannot be passed on
to tenants; the effects of online shopping and other uses of
technology on our retail tenants; risks related to our development
and redevelopment activities, including delays, cost overruns and
our inability to reach projected occupancy or rental rates; acts of
violence at malls, including our properties, or at other similar
spaces, and the potential effect on traffic and sales; our ability
to sell properties that we seek to dispose of or our ability to
obtain prices we seek; our substantial debt and the liquidation
preference of our preferred shares and our high leverage ratio; our
ability to refinance our existing indebtedness when it matures, on
favorable terms or at all; our ability to raise capital, including
through sales of properties or interests in properties and through
the issuance of equity or equity-related securities if market
conditions are favorable; and potential dilution from any capital
raising transactions or other equity issuances.
Additional factors that might cause future events, achievements
or results to differ materially from those expressed or implied by
our forward-looking statements include those discussed herein and
in our Annual Report on Form 10-K for the year ended December 31, 2018 in the section entitled "Item
1A. Risk Factors." We do not intend to update or revise any
forward-looking statements to reflect new information, future
events or otherwise.
CONTACT: AT THE COMPANY
Heather Crowell
EVP, Strategy & Communications
(215) 454-1241
heather.crowell@preit.com
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SOURCE PREIT