Flash Report 3 minutesRegister for Free AccessTwo REITs—CBL and Pennsylvania Real Estate Investment Trust—File for Bankruptcy Protection Coresight Research November 4, 2020 What's InsideWe discuss recent bankruptcy protection filings from two REITS—CBL and Pennsylvania Real Estate Investment Trust (PREIT). Both filings were voluntary, intended to trigger agreements reached with their respective creditors. We outline company comments on the filings and compare CBL and PREIT in terms of properties and selected financial metrics. We also discuss our expectations for further filings from REITs and retailers in the wake of the pandemic. This report is available for free and can be accessed by registering for a free account. These two bankruptcy filings represent the first events in what is likely to be a long restructuring process among retailers, landlords and landlord creditors. Coresight Research estimates that around 25% of malls will close over the next three to five years. Click here to read more about the coronavirus-induced acceleration of mall consolidation. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Coresight Bites: US Store Openings and Closures—2022 Review and 2023 OutlookData Dive: How Many Grocery-Store SKUs Are KVIs?Retail Shrink and ORC: Is Self-Checkout on the Way Out? US Retailers Scale Back To Fight TheftCarrefour To Acquire Cora and Match Banners in $1.2 Billion Deal