PHILADELPHIA, Feb. 6 /PRNewswire/ -- Pennsylvania Real Estate Investment
Trust (NYSE: PEI), one of the first publicly held equity REITs and an owner,
developer and operator of shopping centers and apartment communities in the
eastern United States, announced today the launch of its new corporate website
at http://www.preit.com . Reflecting management's commitment to enhance
communications with the investment community, the new website features an
in-depth Investor Relations section and detailed information profiling the
Company's history, industry and operations. Visitors can access data and
expanded content on PREIT's property portfolio as well as utilize extensive
links for industry related on-line resources.
Jonathan B. Weller, President and Chief Operating Officer of Pennsylvania
Real Estate Investment Trust, stated, "We are excited by the enhanced features
of PREIT.com. By providing easy access to in-depth, Company-specific
information, we have transformed our website into a valuable tool for
communicating with the financial community as well as with tenants, property
owners, and other real estate professionals. We look forward to providing our
visitors with convenient and timely access to news and information on PREIT
and the real estate industry."
Designed to be a comprehensive on-line resource, the newest features on
the Company's Investor Relations section offers stock quotes, downloadable
supplemental disclosure and flash reports, archived news releases, SEC
filings, Company presentations, annual reports and proxy statements. In order
to provide current and prospective investors with up-to-date information, the
website includes a calendar of events, earnings release dates and conference
call/webcast information. Visitors can send questions and comments to
management, register to receive press releases via e-mail and request hard
copies of annual reports and information kits.
Additional information available on the site include:
-- Detailed portfolio/property information
-- Extensive links to complementary on-line resources
-- DRIP plan information
-- Frequently asked questions
Pennsylvania Real Estate Investment Trust, founded in 1960 and one of the
first equity REITs in the U.S., has a primary investment focus on shopping
centers (approximately 9.8 million square feet) and apartment communities
(7,242 units) located primarily in the eastern United States. The Company's
portfolio currently consists of 45 properties in 10 states. In addition,
there are 6 retail properties under development, which will add approximately
3.0 million square feet to the portfolio. Pennsylvania Real Estate Investment
Trust is headquartered in Philadelphia, Pennsylvania.
The matters discussed in this report, as well as news releases issued from
time to time by PREIT include use of forward-looking terminology such as
"may," "will," "should," "expect," "anticipate," "estimate," "plan," or
"continue" or the negative thereof or other variations thereon, or comparable
terminology which constitute "forward-looking statements." Such
forward-looking statements (including without limitation, information
concerning PREIT's continuing dividend levels, planned acquisition,
development and divestiture activities, short- and long-term liquidity
position, ability to raise capital through public and private offerings of
debt and/or equity securities, availability of adequate funds at reasonable
cost, revenues and operating expenses for some or all of the properties,
leasing activities, occupancy rates, changes in local market conditions or
other competitive factors) involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements
of PREIT's results to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. PREIT disclaims any obligation to update any such factors or to
publicly announce the result of any revisions to any of the forward-looking
statements contained herein to reflect future events or developments.
To receive additional information on Pennsylvania Real Estate Investment
Trust via fax at no charge, please dial 1-800-PRO-INFO and enter the ticker
symbol PEI.
SOURCE Pennsylvania Real Estate Investment Trust
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Related links:
http://www.preit.com
CONTACT:
Jonathan B. Weller, President and COO of
Pennsylvania Real Estate Investment Trust, 215-875-0700; or
General, Joe Calabrese, Media, Judith Sylk-Siegel, 212-661-8030,
or Analysts, Georganne Palffy, 312-266-7800, all of The Financial
Relations Board
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