PREIT Plans First Quarter 2021 Outcomes Launch and Convention Name | New

PHILADELPHIA CREAM, April 28, 2021 / PRNewswire / – PREIT (NYSE: PEI) Intends to Report Quarterly Monetary Outcomes March 31, 2021 after market shut on Wednesday Could 5, 2021.

Administration has scheduled a convention name to Thursday at 11:00 a.m. Jap Time Could 6, 2021, to assessment the outcomes and the outlook for the way forward for the corporate. To take heed to the decision, please dial 1-844-885-9139 (nationwide toll free quantity) or 1-647-689-4441 (worldwide), and ask to hitch the PREIT name, convention quantity 9844099 , no less than fifteen minutes earlier than the scheduled begin time as callers might expertise delays. Traders may also entry the decision in “listen-only” mode through the Web on the Firm’s web site, preit.com. Please enable further time earlier than the decision to go to the location and obtain the software program wanted to take heed to the published over the Web. Monetary and statistical data that must be mentioned in the course of the name may also be obtainable on the Firm’s web site.

For these who can not be a part of the convention name, the web webcast archive may also be obtainable for one yr after the convention name.

About PREIT

PREIT (NYSE: PEI) is a publicly traded actual property funding belief (REIT) that owns and manages distinctive actual property in excessive barrier-to-entry markets, on the forefront of enabling communities by way of constructed atmosphere. PREIT’s sturdy portfolio of fastidiously curated retail and way of life choices, coupled with vacation spot eating and leisure experiences, is primarily situated in densely populated, high-barrier-to-entry markets, providing an awesome alternative to create dynamic and versatile locations. Further data is obtainable at preit.com Or on Twitter or LinkedIn.

Ahead-looking statements

This press launch accommodates sure forward-looking statements that may be recognized by way of phrases resembling “anticipate”, “imagine”, “estimate”, “anticipate”, “plan”, “intend”, ” can ”or related expressions. Ahead-looking statements relate to expectations, beliefs, projections, future plans, methods, anticipated occasions, developments and different issues that aren’t historic details. These forward-looking statements mirror our present expectations and assumptions about our enterprise, the financial system and different future occasions and circumstances and are based mostly on presently obtainable monetary, financial and aggressive knowledge and on our present enterprise plans. Precise outcomes might range considerably relying on the dangers, uncertainties and modifications in circumstances that will have an effect on our operations, markets, providers, costs and different elements, as mentioned within the Danger Components part of our others. paperwork filed with the Securities and Trade Fee. Though we imagine that our assumptions are affordable, we suggest that you don’t depend on forward-looking statements as a result of it is rather tough to foretell the impression of recognized elements and it’s unimaginable for us to anticipate all of the elements that would have an effect on our precise outcomes. . Essential elements that would trigger precise outcomes to vary materially from forward-looking statements embrace, however usually are not restricted to, our skill to attain our anticipated revenues and professional forma leverage ratio and to generate free money movement. to additional scale back our debt; our skill to handle our enterprise within the face of the impacts of the COVID-19 pandemic, weakening international financial and monetary circumstances, modifications in authorities rules and associated compliance and litigation prices and different elements listed in our paperwork filed with the SEC. As well as, our enterprise may very well be materially and adversely affected by modifications within the retail and actual property industries, together with consolidation and retailer closures, significantly amongst key tenants; present financial circumstances, together with the impression of the COVID-19 pandemic and measures taken by authorities authorities and different third events to cut back its unfold, and the corresponding results on tenant enterprise efficiency, prospects, creditworthiness and rental choices; our incapacity to gather hire on account of tenant chapter or insolvency or in any other case; our skill to keep up and enhance the occupancy, sale and rental charges of properties; will increase in working prices that can not be handed on to tenants; the consequences of on-line buying and different makes use of of expertise on our retail tenants; dangers related to our growth and redevelopment actions, together with delays, price overruns and our incapacity to satisfy anticipated occupancy or rental charges; acts of violence in buying facilities, together with our properties, or different related areas, and the potential impact on visitors and gross sales; our skill to promote the properties we search to personal or our skill to acquire the costs we search; our vital debt and liquidation desire for our most well-liked shares in addition to our excessive leverage ratio and skill to satisfy our monetary covenants underneath our debt amenities; our skill to refinance our present debt when it falls due, on favorable phrases or by no means; our skill to lift capital, together with by way of the sale of properties or pursuits in properties and thru the issuance of fairness or equity-linked securities if market circumstances are favorable; and the potential dilution of any capital elevating transaction or different fairness difficulty.

Further elements that would trigger future occasions, achievements or outcomes to vary materially from these expressed or implied by our forward-looking statements embrace these mentioned herein and within the sections headed “Merchandise 1A. Danger Components ”of our annual report on Kind 10- Ok for the yr ended December 31, 2020. We don’t intend to replace or revise forward-looking statements to mirror new data, future occasions or in any other case.

PREIT contact:

Heather crowell

Govt Vice President, Technique and Communication

(215) 316-6271

[email protected]

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