PHILADELPHIA CREAM, September 22, 2021 / PRNewswire / – PREIT (NYSE: PEI) today announced that management will make a presentation at the Shareholder Fairness Conference, to be held virtually on Monday, September 27, 2021 To 1:30 p.m. ET.
This conference takes place in a fireside chat format and aims to provide retail investor access. Investors will have the opportunity to ask management questions during the chat.
The live stream of this presentation will be webcast live and can be viewed at https://Shareholder-Equity-Conference.videoshowcase.net or in the “Events & Presentations” section at https: //investors.preit.com/investors/ events-and-presentations /. An archived replay will be available on the Shareholder Fairness Conference website for approximately 90 days after the event.
PREIT (NYSE: PEI) is a publicly traded real estate investment trust that owns and manages innovative properties at the forefront of shaping consumer experiences across the built environment. PREIT’s strong portfolio of carefully selected retail and lifestyle offerings, blended with destination dining and entertainment experiences, is primarily located in densely populated and high-barrier-to-entry markets, offering a great opportunity to create dynamic multi-use destinations. Additional information is available at www.preit.com or on Twitter or LinkedIn.
This press release contains certain forward-looking statements which can be identified by the use of words such as “anticipate”, “believe”, “estimate”, “expect”, “plan”, “intend”, “Power” 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 expectations and assumptions about our business, the economy and other future events and conditions and are based on currently available financial, economic and competitive data and on our current business plans. Actual results could vary significantly depending on the risks, uncertainties and changes in circumstances that may affect our operations, markets, services, prices and other factors, as indicated in the Risk Factors section of our other documents filed with the Company. Securities and Exchange Commission. Although we believe that our assumptions are reasonable, we recommend that you do not rely on forward-looking statements because it is very difficult to predict the impact of known factors and it is impossible for us to anticipate all the factors that could affect our actual results. . Important factors that could cause actual results to differ materially from those shown in forward-looking statements include, but are not limited to, our ability to achieve our expected revenues and our pro forma leverage ratio and to generate cash flow. available to further reduce our debt; our ability to run our business through the impacts of the COVID-19 pandemic, weakening global economic and financial conditions, changes in government regulations and related compliance and litigation costs and other factors listed in our documents with the SEC. In addition, our business could be significantly and negatively affected by changes in the retail and real estate industries, including consolidation and store closings, particularly among key tenants; current economic conditions, including the impact of the COVID-19 pandemic and measures taken by government authorities and other third parties to reduce its spread, and the corresponding effects on tenants’ business performance, outlook, creditworthiness and rental decisions; our inability to collect rent due to tenant bankruptcy or insolvency or otherwise; our ability to maintain and increase the occupancy, sale and rental rates of properties; increases in operating expenses that cannot be passed on to tenants; the effects of online shopping and other uses of technology on our tenant retailers; risks associated with our development and redevelopment activities, including delays, cost overruns and our inability to meet expected occupancy or rental rates; acts of violence in shopping centers, including our properties, or other similar spaces, and the potential effect on traffic and sales; our ability to sell the properties we seek to transfer or our ability to obtain the prices we seek; our substantial debt and liquidation preference of our preferred shares and our high leverage ratio and our ability to remain in compliance with our financial covenants under our credit facilities; our ability to refinance our existing debt when it falls due, on favorable terms or not at all; our ability to raise capital, including through the sale of properties or interests in properties and through the issuance of shares or equity-linked securities if market conditions are favorable; and the potential dilution of any capital raising transaction or other share issuance.
Additional factors that could cause future events, achievements or results to differ materially from those expressed or implied by our forward-looking statements include those discussed in this document and in the sections entitled “Item 1A. Risk factors ”in our annual report on Form 10- K for the year ended December 31, 2020. We do not intend to update or revise forward-looking statements to reflect new information, future events or otherwise.
Contact the PREIT:
Executive Vice President, Strategy and Communications