PREIT Continues to Drive Portfolio Occupancy

370,000 Square Feet of Tenants Opened 

420,000 Square Feet of New Leases Signed in 2022

PHILADELPHIA, Oct. 12, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), today, highlighted continued momentum in store openings and occupancy across its portfolio. As of June 30, 2022, PREIT increased total core mall occupancy by 480 basis points to 93.8% and 420,000 square feet of new leases were executed through the third quarter of 2022. New tenants will continue to open throughout this year and next, enhancing the value of the Company's portfolio.

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