PREIT

2005 Market St Ste 1000, Philadelphia, PA 19103

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.

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3.1

Overall Excellence Rating

Industry

Commercial Real Estate

Category

Real Estate

ESG/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. Our inaugural Sustainability Report highlights PREITs efforts to cement its properties’ place as the centerpieces of their communities by sustaining jobs, hosting events that bring our communities together, reducing our environmental impact and supporting organizations that provide for those in need. The report explores how PREITs focus on diversifying the experiences offered at its properties reaffirms long-term vitality and helps ensure success for our tenants, large and small while demonstrating our commitment to small and diverse businesses and to fostering a strong culture for its most prized asset – the individuals employed by the Company.

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Awards Received

2023

Revenues

$141,000,000.00

Website Traffic

Employee Rating

3.1

Customer Rating

4.4

Company Size

100-1000

ESG Risk Rating

3

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