PREIT Says Metrics Consistent with High-Quality Mall Operators

Joe Coradino, chairman and CEO of PREIT (NYSE: PEI), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Coradino said the company is beginning to see “positive results” as investors come to view PREIT as a high-quality mall owner. He highlighted that PREIT’s metrics, including sales per square foot, demographics, and occupancy levels, are all consistent with higher-quality mall companies.