<ARTICLE> 5
<CIK> 0000077281
<NAME> PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
       
                             
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             SEP-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                       1,324,000
<SECURITIES>                                         0
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<OTHER-SE>                                 125,241,000
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<SALES>                                     17,170,000
<TOTAL-REVENUES>                            21,229,000
<CGS>                                                0
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<EXTRAORDINARY>                                300,000
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