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New York Stock Exchange Delists Mall Landlord PREIT

Company To Trade Over the Counter, Continue To Pay Down Debt

A 165-room hotel and 460 apartments are planned for Springfield Town Center in Virginia, which is owned by Pennsylvania Real Estate Investment Trust. (CoStar)
A 165-room hotel and 460 apartments are planned for Springfield Town Center in Virginia, which is owned by Pennsylvania Real Estate Investment Trust. (CoStar)

Pennsylvania Real Estate Investment Trust, a mall landlord, plans to start trading its stock over the counter after being informed it is being delisted by the New York Stock Exchange.

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