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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950116-05-001021.txt : 20050316
<SEC-HEADER>0000950116-05-001021.hdr.sgml : 20050316
<ACCEPTANCE-DATETIME>20050315184720
ACCESSION NUMBER:		0000950116-05-001021
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050316
DATE AS OF CHANGE:		20050315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
		CENTRAL INDEX KEY:			0000077281
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				236216339
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-74697
		FILM NUMBER:		05683000

	BUSINESS ADDRESS:	
		STREET 1:		THE BELLEVUE
		STREET 2:		200 S BROAD STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102
		BUSINESS PHONE:		2155429250

	MAIL ADDRESS:	
		STREET 1:		THE BELLEVUE
		STREET 2:		200 S BROAD STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>four24b3.txt
<DESCRIPTION>424B3
<TEXT>
<PAGE>

Prospectus Supplement No. 4                    Filed Pursuant to Rule 424(b)(3)
(to Prospectus dated March 19, 1999)           Registration No. 333-74697


                    Pennsylvania Real Estate Investment Trust
                Distribution Reinvestment and Share Purchase Plan


         Effective February 21, 2005, Wells Fargo Bank, National Association has
been appointed as plan administrator of the Pennsylvania Real Estate Investment
Trust Distribution Reinvestment and Share Purchase Plan.

         If you would like to receive a copy of the entire prospectus, please
call us at (215) 875-0735 or toll free at (866) 875-0700 Extension 735. If you
have any further questions regarding the plan, please contact us or the plan
administrator at the addresses set forth below:

                      Pennsylvania Real Estate Investment Trust
                      Attention: Jean Dardzinski, Director of Investor Relations
                      The Bellevue, 200 South Broad Street
                      Philadelphia, PA   19102

                      Wells Fargo Bank, National Association
                      Investment Plan Service Department
                      P.O. Box 64856 St. Paul, MN 55164-0856
                      Phone: (800) 468-9716


            The date of this prospectus supplement is March 16, 2005
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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