Company to Release Third Quarter 2001 Financial Results On
Thursday, November 8
PHILADELPHIA, Oct. 18 /PRNewswire/ -- Pennsylvania Real Estate Investment
Trust (PREIT) (NYSE: PEI) announced today that its Board of Trustees has
approved a quarterly cash dividend of $0.51 per share. The dividend will be
paid on December 17, 2001 to shareholders and unitholders of record on
November 30, 2001.
The December 17, 2001 dividend payment will be PREIT's 99th consecutive
distribution since its initial dividend paid in August of 1962. Throughout
its history, the Company has never omitted or reduced a shareholder dividend.
Third Quarter Conference Call
The Company also announced that it intends to release its financial
results for the third quarter ended September 30, 2001 before the market opens
on November 8, 2001. Management will conduct a conference call that will be
broadcast simultaneously over the Internet at 11:00 ET on November 8, 2001 to
review the Company's third 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 10.7 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 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
and CFO of Pennsylvania Real Estate Investment Trust,
+1-215-875-0700; or General, Joe Calabrese, +1-212-445-8434,
Analysts, Georganne Palffy, +1-312-266-7800, or Media, Judith
Sylk-Siegel, +1-212-445-8431, all of FRB Weber Shandwick
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