PREIT reports $41.69 million net loss for December

By Sarah Lizee

Olympia, Wash., Feb. 28 – Pennsylvania Real Estate Investment Trust (PREIT) reported a $41.69 million net loss for December on $11.42 million gross income/sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The company had cash and cash equivalents of $51.78 million at the end of December.

PREIT is a Philadelphia-based real estate investment trust. The company filed Chapter 11 for a second time on Dec. 10 under case number 23-11974.

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