Pennsylvania Real Estate Investment Trust to Present at REITWeek 2009 NAREIT Investor Forum

PHILADELPHIA--(Business Wire)--
Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that
Chairman and CEO Ronald Rubin, along with President and COO Edward Glickman, and
Executive Vice President and CFO Robert McCadden will present at REITWeek 2009,
NAREIT`s Investor Forum in New York City on Thursday, June 4, 2009 at 2:45 p.m.
Eastern Time.

An audio-only webcast of the presentation will be available. To access the
webcast, visit http://www.industrystream.net/reitweek09/preit or the Company
website at www.preit.com. Also, an online replay will be available until June
18, 2009.

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 56
properties, including 38 shopping malls, 14 strip and power centers, and four
properties under development. The operating retail properties have a total of
approximately 35 million square feet. The Company's properties are located in 13
states in the eastern half of the United States, primarily in the Mid-Atlantic
region. 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.

Forward Looking Statements

This press release contains certain "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Forward-looking statements relate to expectations, beliefs,
projections, future plans, strategies, anticipated events, trends and other
matters that are not historical facts. These forward-looking statements reflect
PREIT`s current views about future events and are subject to risks,
uncertainties and changes in circumstances that might cause future events,
achievements or results to differ materially from those expressed or implied by
the forward-looking statements. More specifically, PREIT`s business might be
affected by uncertainties affecting real estate businesses generally as well as
the following, among other factors: general economic, financial and political
conditions, including credit market conditions, changes in interest rates or the
possibility of war or terrorist attacks; the current economic downturn and its
effect on PREIT`s existing and potential tenants and their ability to make and
meet their obligations to PREIT; PREIT`s continued compliance with the terms of
its Credit Facility, and its ability to repay or replace its debt when it
matures; changes in local market conditions or other competitive or retail
industry factors in the regions where our properties are concentrated; PREIT`s
ability to maintain and increase property occupancy and rental rates, and risks
relating to development or redevelopment activities, including construction,
obtaining entitlements and managing multiple projects simultaneously.
Additionally, there can be no assurance that PREIT`s actual results will not
differ significantly from the estimates set forth in press releases or other
disclosures, or that PREIT`s returns on its developments, redevelopments or
acquisitions will be consistent with the estimates outlined in press releases or
other disclosures. Investors are also directed to consider the risks and
uncertainties discussed in documents PREIT has filed with the Securities and
Exchange Commission and, in particular, PREIT's Annual Report on Form 10-K, as
amended, for the year ended December 31, 2008. PREIT does not intend to update
or revise any forward-looking statements to reflect new information, future
events or otherwise.

Additional information about PREIT is available on www.preit.com.

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

Copyright Business Wire 2009