Pennsylvania Real Estate Investment Trust (PREIT), the owner of Plymouth Meeting Mall and Willow Grove Park Mall, has “substantial doubt” about being able to remain in business over the next year, according to the annual report the company filed with the Securities and Exchange Commission, writes Natalie Kostelni for the Philadelphia Business Journal.
PREIT made this conclusion after evaluating its current financial condition and the funds it has available, along with future cash flows and debt payments coming due.
*Article courtesy of Montco.Today
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