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Pennsylvania Real Estate Investment Trust - Company Profile Snapshot

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Company Profile: Pennsylvania Real Estate Investment Trust
Ticker: PEI
Exchanges: NYSE
2009 Sales: n/a
Major Industry: Financial
Sub Industry: Real Estate Investment Trust Co.
Country: UNITED STATES
Employees: 865

Business Description
Pennsylvania Real Estate Investment Trust. The Group's principal activity is to engage in the ownership, management, development, redevelopment, acquisition and leasing of retail shopping malls and power and strip centres (approximately 34.6 million square feet) located in the eastern United States. The Group's portfolio consists of 55 properties, including 38 shopping malls, 14 power and strip centres and six properties under development. The Group has elected to qualify as a real estate investment trust under Sections 856-860 of the Internal Revenue Code of 1986. The Company provides its management, leasing and real estate development services through two companies: PREIT Service LLC and PREIT-RUBIN Inc. PREIT Service LLC generally develops and manages properties that the Company consolidates for financial reporting purposes and PREIT-RUBIN Inc vice versa. In July 2008, the Group acquired a parcel in Lancaster.

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