Pennsylvania Real Estate Investment Trust has been delisted from the New York Stock Exchange. Going forward, its shares will trade over the counter.
The Philadelphia-based mall owner faced delisting before, including a warning by the exchange this February. The company managed to avoid delisting that time, but now the exchange took the action because PREIT has been unable to maintain a market cap of more than $15M, The Real Deal reported. 
On Friday, PREIT’s market cap was about $12.8M. Company shares traded for about $2.26. Shares hit a recent high of $6.84 per share in August, but have dropped steadily since then.
PREIT reported a net loss…