Business Wire, March 3, 2007
PHILADELPHIA — Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that Edward Glickman, PREIT’s President and COO, Joseph Coradino, President of PREIT Services, LLC and PREIT-RUBIN, Inc., and Robert McCadden, PREIT’s Executive Vice President and CFO, will participate in a roundtable presentation at the 2007 Citigroup REIT CEO Conference in Naples, Florida, on Monday, March 5, 2007 at 9:05 a.m. Eastern Time.
To listen to PREIT’s roundtable presentation, dial (913) 312-1273 and enter the passcode: Pennsylvania. A replay will also be available for 30 days by dialing (888) 203-1112 and entering 3409280 as the passcode.
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 located in the Mid-Atlantic region and eastern half of the United States. As of December 31, 2006, the Company’s portfolio consists of 57 retail properties. The Company has 50 retail, operating properties in 13 states, including 39 shopping malls, 11 strip and power centers, and seven properties under development. 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.
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 changes in interest rates or the possibility of war or terrorist attacks; 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. In particular, the successful development or redevelopment of any property is subject to a number of risks, including, among others, that PREIT’s development or redevelopment plans might change, its development or redevelopment activities might be delayed and anticipated project costs might increase