The pressures in the retail market have left few retail-focused REITs unscathed. Malls have (rightfully) borne the brunt of the pressure as consumer preferences have changed faster than the malls have changed. Mall REITs are currently engaged in revamping malls to meet the new consumer preferences and adapt to the changing retail landscape.
One of the first malls to recognize the changes in the retail space was Pennsylvania Real Estate Investment Trust, or PREIT.
Pennsylvania Real Estate Investment Trust (PEI) is a REIT focused on retail shopping malls located in the eastern half