<ARTICLE> 5
<CIK> 0000077281
<NAME> PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
<CURRENCY> U.S.

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<EXCHANGE-RATE>                                      1
<CASH>                                       3,235,000
<SECURITIES>                                         0
<RECEIVABLES>                               51,939,000
<ALLOWANCES>                                   528,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                     577,521,000
<DEPRECIATION>                              84,577,000
<TOTAL-ASSETS>                             547,590,000
<CURRENT-LIABILITIES>                       49,544,000
<BONDS>                                    364,634,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    13,338,000
<OTHER-SE>                                 120,074,000
<TOTAL-LIABILITY-AND-EQUITY>               547,590,000
<SALES>                                     89,220,000
<TOTAL-REVENUES>                            92,127,000
<CGS>                                       49,566,000
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                          21,842,000
<INCOME-PRETAX>                             20,739,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         20,739,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                20,739,000
<EPS-BASIC>                                       1.56
<EPS-DILUTED>                                     1.56