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. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: The Tech-Driven Future of US Retail: AI To Power Smarter Supply Chains, Seamless Operations and Personalized ExperiencesThe Changing Consumer: Insights Presented by Deborah Wesinswig at YPO Retail CEO SummitUS CPG Sales Tracker: E-Commerce Sustains Double-Digit Growth Rate; In-Store Sales Expansion SlowsRetailTech: Empowering Retail’s Front Line, Creating Smarter Stores—Five Tech-Driven Strategies for Associate Enablement