Plymouth Meeting
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Springfield Mall Owner Announces $23M COVID Shut Down Losses
By Chris Issac PREIT had been able to get all of their malls opened up again near the start of the summer, but there was never any doubt that the months of being closed was going to have a heavy impact on their earnings. Information about PREIT’s quarterly profits has now been made public, and…
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To Avoid Default, Owner of Springfield Mall Trimming Executive Salaries
As part of a deal with lenders to stave off default, PREIT, owner of the Springfield Mall, is paring back executive salaries and suspending dividend payments, writes Jacob Adelman for The Philadelphia Inquirer. The company has reduced the salaries of its chief executive and chief financial officer by 25 percent. The new deal with its…
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