Pennsylvania Real Estate Investment Trust announced financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenue of $113,666,000, net loss from continuing operations of $13,615,000, net loss of $10,119,000, net loss attributable to company of $9,642,000 or 0.24 loss per diluted share against total revenue of $114,736,000, net loss from continuing operations of $9,009,000, net loss of $8,860,000, net loss attributable to company of $8,463,000 or 0.24 loss per diluted share a year ago. Funds from operations was $29.8 million, or $0.67 per diluted share, compared to $30.9 million, or $0.75 per diluted share, for the same period of the previous year. Net Operating Income for the three months ended September 30, 2009 was $70.5 million, compared to $72.4 million for the three months ended September 30, 2008. Net loss from continuing operations was $13.6 million against $9 million a year ago. Results for the three months ended September 30, 2009 included: A $4.2 million gain on extinguishment of debt resulting from the repurchase of $12.0 million in aggregate principal amount of exchangeable notes; A $3.4 million gain on the sale of Crest Plaza, a strip center in Allentown, Pennsylvania; Reduced occupancy at the company's enclosed malls and power centers because of store closings, primarily from bankruptcies that occurred during 2008 and 2009; Increased interest expense and higher depreciation and amortization as development and redevelopment assets have been placed in service; and Increased share count that resulted primarily from the issuance of 3.0 million shares in a June 2009 repurchase of exchangeable notes. For the nine months, the company reported total revenue of $339,535,000, net loss from continuing operations of $29,648,000, net loss of $25,860,000, net loss attributable to company of $24,645,000 or 0.66 loss per diluted share against total revenue of $342,844,000, net loss from continuing operations of $16,186,000, net loss of $15,751,000, net loss attributable to company of $15,113,000 or 0.43 loss per diluted share a year ago. Funds from operations was $96.9 million, or $2.29 per diluted share, compared to $99.7 million or $2.43 per diluted share, for the same period of the previous year. NOI for the nine months ended September 30, 2009 was $215.7 million, compared to $222.7 million for the nine months ended September 30, 2008. Net loss from continuing operations was $29.6 million against $16.2 million a year ago. Results for the nine months ended September 30, 2009 also included: An aggregate $14.0 million gain on extinguishment of debt resulting from repurchasing exchangeable notes. The Company has updated its estimates for the full year of 2009 of net loss per diluted share and FFO per diluted share to include the effects of the gain on extinguishment of debt and related issuance of common shares, and gain on property sales. The company expects net loss attributable to company for the year in a range $0.54 to $0.46 per diluted share and funds from operation in a range of $3.20 to $3.28 per diluted share.

Pennsylvania Real Estate Investment Trust expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).

Pennsylvania Real Estate Investment Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share, the company's 131st consecutive distribution since its initial dividend paid in August of 1962. The dividend will be paid on December 15, 2009 to common shareholders of record on December 1 2009.