Pennsylvania Real Estate Investment Trust (PREIT) is pretty sure that one of its tenants has something you really, really want. The company owns, either outright or through partnerships, about 50 shopping malls and strip and power centers that count retailers such as Foot Locker, J.C. Penney, The Gap, Macy’s, and Sears among its largest tenants. PREIT’s portfolio consists of more than 33 million sq. ft. of space in more than a dozen states; it is concentrated in the Mid-Atlantic, with a particular focus in Pennsylvania. The company also provides construction management, development, leasing, marketing, and property management services. Founded in 1960, PREIT was one of the first publicly traded REITs in the US.
Pennsylvania Real Estate
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1.03
Overall Excellence Rating
Industry
Real EstateCategory
Real EstateESG/Ethical Impact
At PREIT, we are focused on meeting the changing needs of consumers and tenants by focusing on our three core pillars: COMMUNITY, CUSTOMIZATION and CULTIVATION. These pillars drive strategic decisions as it relates to our business, our associates and how we manage our external relationships. As the world evolves, so too has our focus on becoming a better corporate citizen and prioritizing all of our stakeholders with a view toward the LONG-TERM IMPLICATIONS OF OUR ACTIONS. This inaugural sustainability report is designed to share with stakeholders how we view the opportunity to be stronger stewards of sustainability principles across our portfolio and throughout our organization. The recent pandemic and its continuing effects have undoubtedly shaped the views of corporations across the globe, including our own. We are proud of how the PREIT team adapted and pressed forward in the name of the greater good. As we look ahead, we endeavor to set goals that align our activities with thoughtful implementation of ESG principles as we all work for a better, brighter tomorrow across the globe. We are committed to increasing transparency and reporting related to our ENVIRONMENTAL, SOCIAL, and GOVERNANCE (“ESG”) programs.
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Awards Received
2023
Revenues
299900000.00
Website Traffic
Employee Rating
3.10
Customer Rating
Company Size
100-1000
ESG Risk Rating
3.00
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