UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): December 29, 2022

Pennsylvania Real Estate Investment Trust

(Exact Name of Registrant as Specified in its Charter)

Registrant’s telephone number, including area code: (215) 875-0700

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

PR Woodland Limited Partnership (“PR Woodland”) a Delaware limited partnership indirectly owned by Pennsylvania Real Estate Investment Trust (“PREIT”) and PR Woodland Anchor-S, LLC, a Delaware limited liability company indirectly owned by PREIT (“PR Woodland Anchor-S” and together with PR Woodland, the “Borrowers”), are borrowers under a loan agreement secured by the Woodland Mall in Grand Rapids, Michigan. On December 29, 2022, the Borrowers; PREIT Associates, L.P., as guarantor; the administrative agent, and the lenders entered into an amendment to the loan agreement, primarily to extend the maturity date. Among other changes, that amendment: (i) reduces the repayment guarantee by PREIT Associates, L.P. to $6.5 million; (ii) extends the maturity date of the loan agreement to June 10, 2023 with an additional option to extend the maturity date to October 5, 2023; (iii) reduces the monthly principal payment amounts; and (iv) requires the borrowers to pay to the lenders a $3.5 million remargin payment (which payment was made on December 30, 2022).

A copy of PREIT’s press release announcing the transaction described above in Item 8.01 of this Current Report on Form 8-K is furnished as Exhibit 99.1 hereto.

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.