PEI - PREIT reports 420K square feet of new leases in Q3

• Pennsylvania REIT ( NYSE: PEI ), known as PREIT, said 420K square feet of new leases were executed through Q3 2022, and new tenants will continue to open throughout this year and next.
• New stores that opened this year were four BoxLunches and two Lovisa stores, with four new Lovisa stores set to open in 2023.
• In Q2, 297K square feet of leases were signed for future openings, which was expected to contribute annualized gross rent of $5.9M.
• The mall owner is scheduled to report Q3 earnings on Nov. 8, before the market opens. In August, PREIT ( PEI ) Q2 FFO rose along with leasing activity, occupancy rates .

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