X0201 4 2003-11-01 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 0001203112 KORMAN LEONARD I C/O PENN. REAL ESTATE INVESTMENT TRUST 200 S. BROAD ST., THE BELLEVUE PHILADEPHIA PA 19102 1 0 0 0 Shares of Beneficial Interest, par value $1.00 per share 2003-11-01 4 J 0 8800 33.4 A 8800 I (2) Mr. Korman was appointed as a co-trustee of a trust for the benefit of another person on November 1, 2003. Among the assets in the trust are 8,800 shares. Held by a trust of which Mr. Korman is a co-trustee. Mr. Korman disclaims beneficial ownership of these shares. Does not include: 245,088 shares held directly, 41,824 shares held by trusts of which Mr. Korman is a co-trustee (Mr. Korman disclaims beneficial ownership of these shares), 19,328 shares held by trusts of which Mr. Korman is a co-trustee and sole benficiary, and 420 shares held by Mr. Korman's spouse (M. Korman dislaims beneficial ownership of these shares). All information reported on this Form is as of November 1, 2003 and does not reflect transactions that occurred after such time. Leonard Korman 2004-03-09