Investor Presentaiton

WELL-POSITIONED ASSET BASE PREIT Operates a Strong Portfolio With Mass Appeal Fortress Destinations High quality retail • Improving sales and tenant mix profile • First-to-market tenancy ⚫Cherry Hill, Willow Grove Park, Woodland High Barrier-to- Entry Markets •Densely populated markets with millions of customers •Scarcity of well-located land •Attractive to an array of non-retail uses given infrastructure and road network • Mall at Prince Georges, Springfield Town Center, Moorestown, Plymouth Meeting, Exton Winner-Take-All •Competitors have fallen • Market share being gained evidenced by growing traffic and sales •Capital City, Dartmouth, Viewmont, Patrick Henry, Woodland, Magnolia, Jacksonville, Valley Underlying PREIT's portfolio is well located, high quality real estate that is attractive for a number of growth and densification opportunities that drive value and enhance our communities. 11

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