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Pennsylvania Real Estate Investment Trust to Release First Quarter 2001 Financial Results on Wednesday, May 9

    PHILADELPHIA, April 18 /PRNewswire/ -- Pennsylvania Real Estate Investment
Trust (NYSE: PEI) announced today that it intends to release its financial
results for the first quarter ended March 31, 2001 before the market opens on
May 9, 2001.  Management will conduct a conference call that will be broadcast
simultaneously over the Internet at 11:00 EDT on May 9, 2001 to review the
Company's first quarter results, market trends and future outlook.
    The webcast will be available to the public, on a listen-only basis, via
the Internet at http://www.streetevents.com or the Company's website at
http://www.preit.com .  Please allow extra time prior to the call to visit the site
and download the necessary software to listen to the Internet broadcast. The
online archive of the webcast will be available for 30 days following the
call.
    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 10.6 million square feet) and apartment communities
(7,242 units) located primarily in the eastern United States.  The Company's
portfolio currently consists of 46 properties in 10 states.  In addition,
there are 6 retail properties under development, which will add approximately
1.6 million square feet to the portfolio.  Pennsylvania Real Estate Investment
Trust is headquartered in Philadelphia, Pennsylvania.
    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:
    Edward A. Glickman, Executive Vice President
    and CFO of Pennsylvania Real Estate Investment Trust,
    215-875-0700, or General, Joe Calabrese, 212-661-8030, Analysts,
    Georganne Palffy, 312-266-7800, or Media, Judith Sylk-Siegel,
    212-661-8030, all of The Financial Relations Board BSMG Worldwide