PREIT Exits Chapter 11: Can It Survive?

The COVID-19 outbreak had a devastating impact on the retail sector this year. Hardest hit were mall REITs (real estate investment trusts) CBL & Associates Properties (OTCMKTS: CBLAQ) and PREIT (NYSE: PEI), which both filed for bankruptcy in November. The latter had a quick trip through that process, as it recently completed a financial restructuring.