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? Register for a free user account. This document was generated for Other research you may be interested in: March 2023 Leading Indicators of US Retail Sales: Mid-Single-Digit Growth Amid Growing Consumer SentimentWeinswig’s Weekly: There Go Amazon’s Private Labels!Weinswig’s Weekly: Is the Metaverse Dead for Retail?Thinking Differently About Tech and Data To Drive Profit: The 3x3x3 Framework