PHILADELPHIA, Oct. 15 /PRNewswire-FirstCall/ -- Pennsylvania Real Estate
Investment Trust ("PREIT") (NYSE: PEI) announced today that it intends to
release its financial results for the third quarter ended September 30, 2002
before the market opens on Thursday, October 31, 2002. Management has
scheduled a conference call for 11:00 a.m. Eastern on October 31, 2002 to
review the Company's third quarter results, market trends and future outlook.
To listen to the call, please dial (800) 219-6110 or (303) 262-2075 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.
For interested individuals unable to join the conference call, a replay of
the call will be available through November 7, 2002, at (303) 590-3000
(Passcode 504073). 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 11.8 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 3 retail properties under development, which PREIT expects
will add approximately 1.0 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,
or Analyst Info, Georganne Palffy, +1-312-266-7800, both of FRB
Weber Shandwick
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