<ARTICLE> 5
<CIK> 0000077281
<NAME> PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
<CURRENCY> DOLLARS

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               SEP-30-1999
<EXCHANGE-RATE>                                      1
<CASH>                                       2,166,000
<SECURITIES>                                         0
<RECEIVABLES>                               50,311,000
<ALLOWANCES>                                   528,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                     560,230,000
<DEPRECIATION>                              80,499,000
<TOTAL-ASSETS>                             531,680,000
<CURRENT-LIABILITIES>                       45,952,000
<BONDS>                                    351,120,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    13,324,000
<OTHER-SE>                                 121,284,000
<TOTAL-LIABILITY-AND-EQUITY>               531,680,000
<SALES>                                     65,184,000
<TOTAL-REVENUES>                            67,810,000
<CGS>                                       35,815,000
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                          16,143,000
<INCOME-PRETAX>                             15,852,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         15,852,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                15,852,000
<EPS-BASIC>                                     1.19
<EPS-DILUTED>                                     1.19