PHILADELPHIA, July 16 /PRNewswire-FirstCall/ -- Pennsylvania Real Estate
Investment Trust ("PREIT") (NYSE: PEI) announced today that it intends to
release its financial results for the second quarter ended June 30, 2002
before the market opens on Thursday, August 8, 2002. Management has scheduled
a conference call for 11:00 am Eastern on August 8, 2002 to review the
Company's second quarter results, market trends and future outlook. To listen
to the call, please dial (800) 218-0204 or (303) 262-2142 at least five
minutes before the scheduled start time.
Investors can also access the call in a "listen only" mode via the
Internet at the Company website at http://www.preit.com or at http://www.vcall.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 14 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 12.0 million square feet) and apartment communities
(approximately 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 4 retail properties under development, which PREIT expects
will add approximately 1.3 million square feet to its portfolio. PREIT 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 please visit the Company's website at http://www.preit.com .
SOURCE Pennsylvania Real Estate Investment Trust
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Related links:
http://www.preit.com
CONTACT:
Edward A. Glickman, Executive Vice President
& CFO of Pennsylvania Real Estate Investment Trust,
+1-215-875-0700, or General Info, Joe Calabrese, +1-212-445-8434,
Analyst Info, Georganne Palffy, +1-312-266-7800, or Media Info,
Judith Sylk-Siegel, +1-212-445-8431, all of FRB Weber Shandwick
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