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PREIT (NYSE:PEI) is a publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls. Headquartered in Philadelphia, the company owns and operates more than 22 million square feet of retail space in the eastern half of the United States with concentration in the mid-atlantic region’s top markets. Since 2012, the company has driven a transformation guided by an emphasis on balance sheet strength, high-quality merchandising and disciplined capital expenditures.

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