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The Bellevue, 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:
705
Employee growth: (1.0%)
Pennsylvania Real Estate Investment Trust (PREIT) is pretty sure that one of its tenants has something you really, really want. The company owns, either outright or through partnerships, about 50 shopping malls and strip and power centers that count retailers such as Foot Locker, J.C. Penney, The Gap, Macy's, and Sears among its largest tenants. PREIT's portfolio consists of more than 33 million sq. ft. of space in more than a dozen states; it is concentrated in the Mid-Atlantic, with a particular focus in Pennsylvania. The company also provides construction management, development, leasing, marketing, and property management services. Founded in 1960, PREIT was one of the first publicly traded REITs in the US.
Key numbers for fiscal year ending December, 2010:
Sales: $455.6M
One year growth: (1.6%)
Net income: ($51.9)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
