PREIT Celebrates 50 Years

PHILADELPHIA--()--Pennsylvania Real Estate Investment Trust (NYSE: PEI) was founded by Sylvan M. Cohen in 1960 as one of the first equity Real Estate Investment Trusts in the United States. To celebrate its 50th anniversary, Chairman and Chief Executive Officer Ronald Rubin will ring the Closing BellTM at the New York Stock Exchange today at 4:00 p.m. He will be joined by other members of senior management.

About Pennsylvania Real Estate Investment Trust

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 retail shopping malls and power centers. Currently, the Company's portfolio consists of 54 properties, including 38 shopping malls, 13 strip and power centers, and three properties held for development. The Company's properties are located in 13 states in the eastern half of the United States, primarily in the Mid-Atlantic region. The operating retail properties have approximately 35 million total square feet of space. PREIT is headquartered in Philadelphia, Pennsylvania. The Company's website can be found at www.preit.com. PREIT is publicly traded on the NYSE under the symbol PEI.

Contacts

Pennsylvania Real Estate Investment Trust
Robert McCadden, 215-875-0735
EVP & CFO
or
Nurit Yaron, 215-875-0735
VP, Investor Relations

Contacts

Pennsylvania Real Estate Investment Trust
Robert McCadden, 215-875-0735
EVP & CFO
or
Nurit Yaron, 215-875-0735
VP, Investor Relations