Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). The Company's primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company has a primary investment focus on retail shopping malls located in the eastern half of the United States, primarily in the Mid-Atlantic region. The Company owns interests in approximately 26 retail properties, of which 25 are operating properties and one is development property. The Company's 2s operating properties include 21 shopping malls and four other retail properties, with a total of 20.1 million square feet and are located in nine states.