PHILADELPHIA, April 10, 2019 /PRNewswire/ -- Pennsylvania
Real Estate Investment Trust (PREIT/NYSE: PEI) intends to release
its financial results for the quarter ending March 31, 2019 after market trading closes on
Thursday May 2, 2019.
Management has scheduled a conference call for 11:00 a.m. Eastern Time on Friday, May 3, 2019,
to review the Company's results and future outlook. To listen
to the call, please dial 1-844-885-9139 (domestic toll free), or
1-647-689-4441 (international), and request to join the PREIT call,
Conference ID 4279998, at least five minutes before the scheduled
start time. Investors can also access the call in a "listen
only" mode via the internet at the Company's website, preit.com.
Please allow extra time prior to the call to visit the site and
download the necessary software to listen to the Internet
broadcast. Financial and statistical information expected to
be discussed on the call will also be available on the Company's
website. For best results when listening to the webcast, the
Company recommends using Flash Player.
For interested individuals unable to join the conference call,
the online archive of the webcast will also be available for one
year following the call.
About PREIT
PREIT (NYSE:PEI) is a publicly traded real estate investment
trust that owns and manages quality properties in compelling
markets. PREIT's robust portfolio of carefully curated retail and
lifestyle offerings mixed with destination dining and entertainment
experiences are located primarily in the densely-populated eastern
U.S. with concentrations in the mid-Atlantic's top MSAs. Since
2012, the company has driven a transformation guided by an emphasis
on portfolio quality and balance sheet strength driven by
disciplined capital expenditures. Additional information is
available at www.preit.com or on Twitter or LinkedIn.
Forward Looking Statements
This press release
contains certain forward-looking statements that can be identified
by the use of words such as "anticipate," "believe," "estimate,"
"expect," "project," "intend," "may" or similar expressions.
Forward-looking statements relate to expectations, beliefs,
projections, future plans, strategies, anticipated events, trends
and other matters that are not historical facts. These
forward-looking statements reflect our current views about future
events, achievements or results and are subject to risks,
uncertainties and changes in circumstances that might cause future
events, achievements or results to differ materially from those
expressed or implied by the forward-looking statements. In
particular, our business might be materially and adversely affected
by changes in the retail and real estate industries, including
consolidation and store closings, particularly among anchor
tenants; current economic conditions and the corresponding effects
on tenant business performance, prospects, solvency and leasing
decisions; our inability to collect rent due to the bankruptcy or
insolvency of tenants or otherwise; our ability to maintain and
increase property occupancy, sales and rental rates; increases in
operating costs that cannot be passed on to tenants; the effects of
online shopping and other uses of technology on our retail tenants;
risks related to our development and redevelopment activities,
including delays, cost overruns and our inability to reach
projected occupancy or rental rates; acts of violence at malls,
including our properties, or at other similar spaces, and the
potential effect on traffic and sales; our ability to sell
properties that we seek to dispose of or our ability to obtain
prices we seek; our substantial debt and the liquidation preference
of our preferred shares and our high leverage ratio; our ability to
refinance our existing indebtedness when it matures, on favorable
terms or at all; our ability to raise capital, including through
sales of properties or interests in properties and through the
issuance of equity or equity-related securities if market
conditions are favorable; and potential dilution from any capital
raising transactions or other equity issuances.
Additional factors that might cause future events, achievements
or results to differ materially from those expressed or implied by
our forward-looking statements include those discussed herein and
in our Annual Report on Form 10-K for the year ended December 31, 2018 in the section entitled "Item
1A. Risk Factors." We do not intend to update or revise any
forward-looking statements to reflect new information, future
events or otherwise.
CONTACT: AT THE COMPANY
Heather Crowell
SVP – Strategy and Communications
(215) 454-1241
Heather.crowell@preit.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/preit-schedules-first-quarter-2019-earnings-release-and-conference-call-300830135.html
SOURCE PREIT