PREIT today announced that it will modify its operating hours as more experiential tenants ramp up operations throughout the portfolio. Effective October 2, 2020, the Company's managed properties will extend hours on Friday and Saturday evenings to close at 8 pm.

The Company also joins the ranks of several companies throughout the retail vertical in closing on Thanksgiving Day to allow our front line retail and property management teams a chance to spend the holiday with their families.

"As consumer demands and priorities shift, we continue to be responsive and are grateful to the associates running our properties and the stores, entertainment venues and restaurants within them," said Joseph F. Coradino, Chairman and CEO of PREIT.

About PREIT

PREIT (NYSE: PEI) is a publicly traded real estate investment trust that owns and manages innovative properties at the forefront of shaping consumer experiences through the built environment. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in densely-populated, high barrier-to-entry markets with tremendous opportunity to create vibrant multi-use destinations. Additional information is available at www.preit.com or on Twitter or LinkedIn.