<ARTICLE>    5 
       
                    
<CIK>                                       0000077281
<NAME>                 Pennsylvania Real Estate Investment Trust
<FISCAL-YEAR-END>                          AUG-31-1995
<PERIOD-START>                             SEP-01-1994 
<PERIOD-END>                               FEB-28-1995
<PERIOD-TYPE>                                    6-MOS
<CASH>                                       1,737,000
<SECURITIES>                                         0
<RECEIVABLES>                               24,795,000
<ALLOWANCES>                                 3,041,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                     193,229,000
<DEPRECIATION>                              36,152,000
<TOTAL-ASSETS>                             180,568,000

<CURRENT-LIABILITIES>                        6,015,000
<BONDS>                                    119,777,000
<COMMON>                                     8,670,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  46,106,000
<TOTAL-LIABILITY-AND-EQUITY>               180,568,000
<SALES>                                     18,016,000
<TOTAL-REVENUES>                            21,336,000
<CGS>                                                0
<TOTAL-COSTS>                               11,146,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           4,013,000
<INCOME-PRETAX>                              6,177,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          6,177,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 6,177,000
<EPS-PRIMARY>                                     0.71
<EPS-DILUTED>                                     0.71