PREIT (PEI) Misses Q2 FFO by 3c, Updates FY Outlook

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PREIT Reports Second Quarter 2015 Results as Pace of Transformation Surges

July 28, 2015 5:51 PM EDT

PHILADELPHIA, July 28, 2015 /PRNewswire/ -- PREIT (NYSE: PEI) today reported results for the quarter and six months ended June 30, 2015.

 

Sale of Uniontown Mall in Uniontown, PA imminent for $23.0 million with closing documents being executed and funds held in escrow. The buyer will also separately acquire the fee interest in the ground underlying the mall. Sale of our entire 50% interest in open air center, Springfield Park in Springfield, PA, completed for $20.2 million. Gross proceeds... More