Pennsylvania Real Estate Investment Trust Reports Net Loss of $45.8 Million for Q2 2023

Philadelphia-based Pennsylvania Real Estate Investment Trust (PEI) recently released its unaudited consolidated fina ncial statements for the second quarter of 2023, reporting a net loss of $45.8 million. The company's revenue for the quarter stood at $67.4 million, reflecting the performance of its real estate investments and operations.

Net Loss of $45.8 Million in Q2 2023

PREIT recorded a net loss of $45.8 million for the three months ended June 30, 2023. This figure represents the difference between the company's total revenue and its operating expenses and other losses during the quarter. The net loss figure includes various components such as depreciation, amortization, gain on sales, equity in loss of partnerships, and interest expenses.

Revenue Reaches $67.4 Million in Q2 2023