X0202 4 2006-03-17 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 0001203113 RUBIN GEORGE F C/O PENN. REAL ESTATE INVESTMENT TRUST THE BELLEVUE, 200 S. BROAD ST. PHILADELPHIA PA 19102 1 1 0 0 Vice Chairman Shares of Beneficial Interest, par value $1.00 per share 2006-03-17 4 S 0 12751 43.92 D 83085 D Shares of Beneficial Interest, par value $1.00 per share 7835 I By Trust Shares of Beneficial Interest, par value $1.00 per share 900 I By Trust Shares of Beneficial Interest, par value $1.00 per share 500 I By Spouse Mr. Rubin contributed PEI common shares to an exchange fund in exchange for an interest in the exchange fund. The PEI common shares were valued at the price per share shown for purpose of determining the number of units of the exchange fund issued to Mr. Rubin. Held by a trust of which Mr. Rubin is a trustee. Held by a trust the beneficiary of which is Mr. Rubin's daughter. Mr. Rubin disclaims beneficial ownership of these shares. Held by Mr. Rubin's spouse. Mr. Rubin disclaims beneficial ownership of these shares. George F. Rubin 2006-03-21