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Pennsylvania Real Estate Investment Trust to Present at Citi 2009 Global Property CEO Conference

Pennsylvania Real Estate Investment Trust (NYSE: PEI) today announced that Edward Glickman, President and Chief Operating Officer, and Robert McCadden, Executive Vice President and Chief Financial Officer, will participate in a roundtable presentation at the Citi 2009 Global Property CEO Conference in Naples, Florida.

The Company’s roundtable presentation is scheduled for Monday, March 2, 2009 at 1:55 pm. Eastern Time. Individuals interested in listening to the presentation should dial (719) 785-5595 and enter the passcode 730780.

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 retail portfolio is approximately 34 million square feet and consists of 56 properties, including 38 shopping malls, 14 strip and power centers, and four properties under development. 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.

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

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Contacts:

Pennsylvania Real Estate Investment Trust
Nurit Yaron, 215-875-0735
VP, Investor Relations

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