PREIT Portfolio Continues to Attract a Broad Range of New Tenants

Attractive Properties Build on Momentum of 2021 Record New Leasing and nearly 5% YOY Occupancy Growth

PREIT (NYSE: PEI), today announced execution of leases with new tenants throughout its portfolio, highlighting the compelling nature of its footprint to expanding retailers.

Year-to-date through September, leasing volume has exceeded 2019 by 23%, building upon last year’s phenomenal new leasing activity that has driven substantial increases in occupancy.

Recent leases signed for new tenants joining the portfolio include:

• Daily Thread in 9 locations
• Uniqlo at Cherry Hill Mall
• Carter’s at Springfield Town Center
• Lovisa at 5 additional locations
• Windsor Fashions in 3 locations

“We continue to elevate the experience across our portfolio, attracting new tenants to new markets,” said Joseph F. Coradino, Chairman and CEO of PREIT. “Our talented team has worked relentlessly to build an exceptional portfolio that will continue to serve our communities for years to come, building incremental revenue and creating value for stakeholders.”