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Pennsylvania Real Estate Investment Trust to Release Second Quarter 2001 Financial Results On Thursday, August 9

    PHILADELPHIA, July 24 /PRNewswire/ -- Pennsylvania Real Estate Investment
Trust (NYSE: PEI) announced today that it intends to release its financial
results for the second quarter ended June 30, 2001 before the market opens on
August 9, 2001.  Management will conduct a conference call that will be
broadcast simultaneously over the Internet at 11:00 EDT on August 9, 2001 to
review the Company's second 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
(approximately 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 PREIT expects
will add approximately 1.6 million square feet to its portfolio.  PREIT 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 REIT, +1-215-875-0700, or General, Joe
    Calabrese, +1-212-445-8434, Analysts, Leslie Loyet,
    +1-312-266-7800, Media, Judith Sylk-Siegel, +1-212-445-8431, all
    of The Financial Relations Board BSMG Worldwide