UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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Emerging growth company
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| Item 7.01. | Regulation FD Disclosure. |
On January 4, 2021, Pennsylvania Real Estate Investment Trust (the “Trust”) received notice from the New York Stock Exchange (the “NYSE”) that it has regained compliance with the NYSE continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual, which requires listed companies to maintain an average closing price of at least $1.00 per share over a consecutive 30-day trading period. As previously disclosed, on September 25, 2020, the Trust received notice from the NYSE that it was not in compliance with that continued listing standard. The Trust had six months from the date of that notice to regain compliance with the minimum share price requirement. The Trust regained compliance after the closing price for its common shares on December 31, 2020 and the average closing price for its common shares during the 30 trading-day period ended December 31, 2020 both exceeded $1.00.
The Trust also remains in compliance with all other applicable NYSE continued listing standards.
A copy of the press release issued by the Trust on January 5, 2021 regarding the notice from the NYSE is attached hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 99.1 | Press Release dated January 5, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PENNSYLVANIA REAL ESTATE INVESTMENT TRUST | ||||||
| Date: January 6, 2021 | By: | /s/ Lisa M. Most | ||||
| Lisa M. Most | ||||||
| Executive Vice President, Secretary and General Counsel | ||||||