<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