PREIT Reports First Quarter 2023 Results
Retrieved on:
Thursday, May 4, 2023
Springfield Town Center, Partnership, Plymouth, The Mall at Prince Georges, Cherry Hill Mall, Moorestown Mall, Internet, Financial result, Line of credit, Willow Grove Park, OP, Foot, Whole Foods Market, Primary Dealer Credit Facility, Sale, Plymouth Meeting Mall, FFO, Burlington, Prince George, Fashion District Philadelphia, Webcast, NOI, PREIT, Hawaii Children's Discovery Center, Three Months, Family, Conference, Waltham Watch Company, Video game, Commercial property, Bank, Cryptocurrency, MD, Mall
Tenant construction is underway for a new prototype, 32,000 square foot, LEGO® Discovery Center at Springfield Town Center with expected opening in third quarter 2023.
Key Points:
- Tenant construction is underway for a new prototype, 32,000 square foot, LEGO® Discovery Center at Springfield Town Center with expected opening in third quarter 2023.
- Additional information regarding changes in operating results for the three months ended March 31, 2023 and 2022 is included on page 15.
- The Company's Credit Facilities, with a balance of $995.8 million as of March 31, 2023, mature on December 10, 2023.
- Management has scheduled a conference call for 11:00 a.m. Eastern Time on Thursday May 4, 2023, to review the Company's results and future outlook.