<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-06-13</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000798288</issuerCik><issuerName>NEW PLAN EXCEL REALTY TRUST INC</issuerName>        <issuerTradingSymbol>NXL</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001219401</rptOwnerCik><rptOwnerName>BERNSTEIN DEAN</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Senior Vice President</officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-06-13</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>5000</value></transactionShares><transactionValue><value>0</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>14074.444</value><footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">The reporting person also holds 23,676.1293 shares of common stock indirectly. These shares are held directly by the reporting person's spouse.</footnote></footnotes><ownerSignature><signatureName>/s/ Steven F. Siegel, Attorney-in-Fact</signatureName><signatureDate>2003-06-17</signatureDate></ownerSignature></ownershipDocument>

