Posts Tagged: PREIT

Cherry Hill Mall a bright spot for money-losing shopping center operator

Cherry Hill Mall, Cherry Hill, NJ

The owner of three South Jersey malls has reported a multi-million-dollar loss for a fourth year running. But Philadelphia-based PREIT said last year’s deficit narrowed to $160.1 million, compared to a $286.8 million net loss attributable to shareholders in 2020. And company executives, while acknowledging the need to reduce debt through property sales, pointed to Cherry… Read more »