<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A-1
[X] Quarterly Report Pursuant To Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the Quarterly period ended December 31, 1997
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[ ] Transition Report Pursuant To Section 13 or 15(d) Of The Securities
Exchange Act Of 1934
For the transition period from to
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Commission File Number 1-6300
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Pennsylvania Real Estate Investment Trust
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(Exact name of registrant as specified in its charter)
Pennsylvania 23-6216339
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
455 Pennsylvania Avenue, Suite 135, Ft. Washington, PA 19034
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (215) 542-9250
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N/A
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(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 of 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the last 90 days. Yes [ X ] No [ ]
Indicate the number of share outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Shares of beneficial interest outstanding at December 31, 1997: 13,288,848
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This report includes a total of 3 pages:
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The Registrant's Report on Form 10-Q for the three month
period ended December 31, 1997, as filed with the Securities and Exchange
Commission on February 17, 1998 (the "Report") stated that there were a
weighted average number of Shares and Operating Partnership Units not owned by
the Registrant (OP Units) outstanding in the three months ended December 31,
1997 of 9,535,094 and 646,286, respectively. The correct numbers are 9,135,465
and 646,286, respectively.
Accordingly, Registrant hereby amends the Report as follows:
Part I Financial Information
Item 1. Financial Statements
On Page 3, under Consolidated Statements of Income, Basic
Income Per Share and Diluted Income Per Share for the Three Months Ended
December 31, 1997 were $.60 and $.59, respectively, rather than the $.57 and
$.57, respectively, as stated in the Report.
On Page 8, under Footnote 4, Shares outstanding for the
Three Months Ended December 31, 1997, on a Basic Earnings Per Share and
Diluted Earnings Per Share basis, were 9,135,465 rather than the 9,535,094
stated in the Report and Basic Income Per Share and Diluted Income Per Share
for the Three Months Ended December 31, 1997 were $.60 and $.59, respectively,
rather than the $.57 and $.57, respectively, as stated in the Report.
Part I Financial Information
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations
On Page 13, in the tabulation of Funds From Operations,
Funds From Operations per share and OP Unit for the Three Months Ended
December 31, 1997 was $.67, rather than the $.65 stated in the Report.
Part II Other Information
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits. (27) Amended Financial Data Schedule
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PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
SIGNATURE OF REGISTRANT
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned on its behalf by the undersigned thereunto duly authorized.
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
Registrant
By /s/ Ronald Rubin
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Ronald Rubin
Chief Executive Officer
By /s/ Edward A. Glickman
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Edward A. Glickman
Executive Vice President and
Chief Financial Officer
By /s/ Dante J. Massimini
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Dante J. Massimini,
Senior Vice President and Treasurer
Date: February 19, 1998
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000077281
<NAME> PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> OCT-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 1,324,000
<SECURITIES> 0
<RECEIVABLES> 32,626,000
<ALLOWANCES> 1,770,000
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 286,557,000
<DEPRECIATION> 53,171,000
<TOTAL-ASSETS> 265,566,000
<CURRENT-LIABILITIES> 23,097,000
<BONDS> 103,939,000
0
0
<COMMON> 13,289,000
<OTHER-SE> 125,241,000
<TOTAL-LIABILITY-AND-EQUITY> 265,566,000
<SALES> 13,753,000
<TOTAL-REVENUES> 17,336,000
<CGS> 0
<TOTAL-COSTS> 8,296,000
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,604,000
<INCOME-PRETAX> 5,436,000
<INCOME-TAX> 0
<INCOME-CONTINUING> 5,436,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,436,000
<EPS-PRIMARY> 0.60
<EPS-DILUTED> 0.59
</TABLE>
