PREIT Investor Update August 2016 – Portfolio Transformation & FFO Growth

PREIT presents its portfolio transformation strategy focusing on quality property ownership in high-barrier markets across Philadelphia, DC, and suburban Maryland. The company details progress on reducing leverage from 70% to 50%, executing six redevelopment projects targeting 8-10% returns, and positioning for FFO growth and multiple expansion through improved operations and a pathway to $500 per square foot in sales.