|
Balance Sheet Cash Flow Statement 200 S. Broad St. Philadelphia, PA 19102-3803 PA Tel. 215-875-0700 Toll Free 866-875-0700 Fax 215-546-7311 |
Type: Public
On the web:
http://www.preit.com
Employees:
865
Employee growth: 7.5%
Pennsylvania Real Estate Investment Trust (PREIT) is pretty sure that one of its tenants has something you really, really want. The company's more than 50 shopping malls, strip centers, and power centers count such retailers as The Gap, Foot Locker, J.C. Penney Company, Limited Brands, and Sears Holdings among its largest tenants. PREIT's portfolio includes about 34 million sq. ft. and is concentrated in the Mid-Atlantic, with a particular focus on the Keystone State. PREIT is a full-service real estate company, providing acquisition, construction management, development, leasing, marketing, and property management services. It was founded in 1960 as one of the first publicly held REITs in the US.
Key numbers for fiscal year ending December, 2008:
Sales: $474.1M
One year growth: 1.6%
Net income: ($10.4)M
Officers:
Chairman and CEO: Ronald Rubin
President, COO, and Trustee: Edward A. Glickman
EVP and CFO: Robert F. McCadden
Competitors:
General Growth Properties
Ramco-Gershenson
Simon Property Group
