X0202 4 2007-08-17 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 0001203104 CORADINO JOSEPH F C/O PENN. REAL ESTATE INVESTMENT TRUST THE BELLEVUE, 200 S. BROAD ST. PHILADELPHIA PA 19102 1 1 0 0 President, PREIT Sercives, LLC Units of Class A Limited Partnership Interest 2007-08-17 5 J 0 E 11688 0 D Shares of Beneficial Interest 11688 28312 I By GRAT Units of Class A Limited Partnership Interest 2007-08-17 5 G 0 E 11688 0 D Shares of Beneficial Interest 11688 76577 I By wife The derivative securities are units of Class A Limited Partnership Interest (the "Units") in PREIT Associates, L.P., the operating partnership of the issuer. The Units are generally redeemable one year after the date of issuance in consideration for cash equal to the contemporaneous market price of shares of beneficial interest in the issuer or, at the election of the issuer, for a like number of shares of beneficial interest in the issuer, without payment of any conversion or exercise price. These derivative securities are currently redeemable, but have not been redeemed. The Units have no expiration date. This transaction involved an annuity distribution of 11,688 Units from a Grantor Retained Annuity Trust (GRAT) to the reporting person. This transaction involved a gift of securities by the reporting person to his spouse, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed to be an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Joseph F. Coradino 2007-08-17