Prospectus Supplement No. 2 Filed Pursuant to Rule 424(b)(3) (to Prospectus dated March 19, 1999) Registration No. 333-74697 Pennsylvania Real Estate Investment Trust Distribution Reinvestment and Share Purchase Plan ----------------------------------- This prospectus supplement contains a revised Schedule A to the prospectus dated March 19, 1999, registration number 333-74697, relating to the Pennsylvania Real Estate Investment Trust Distribution Reinvestment and Share Purchase Plan. The revised Schedule A to the prospectus restates in its entirety the Schedule A previously included as part of the prospectus and the Schedule A previously included as part of prospectus supplement number one to the prospectus. The revised Schedule A provides the expected dates relating to optional cash payments and share distribution reinvestments under the plan for 2003 and 2004, each as described in the prospectus. If you would like to receive a copy of the entire prospectus, please call (866) 875-0700. If you have any further questions regarding the plan, please contact us at: Pennsylvania Real Estate Investment Trust Attention: Jean Dardzinski, Director of Investor Relations The Bellevue, 200 S. Broad Street Philadelphia, PA 19102 ----------------------------------- The date of this prospectus supplement is December 23, 2002 Schedule A Optional Cash Payment Dates 2003 & 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- Threshold Price Optional Cash Pricing Period Pricing Period and Discount Date Set Payment Due Date Commencement Date Investment Date ------------------------------- ---------------------------- ---------------------------- ---------------------------- February 4, 2003 February 6, 2003 February 7, 2003 February 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- March 5, 2003 March 7, 2003 March 10, 2003 March 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- April 4, 2003 April 8, 2003 April 9, 2003 April 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- May 6, 2003 May 8, 2003 May 9, 2003 May 27, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- June 5, 2003 June 9, 2003 June 10, 2003 June 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- July 7, 2003 July 9, 2003 July 10, 2003 July 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- August 5, 2003 August 7, 2003 August 8, 2003 August 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- September 5, 2003 September 9, 2003 September 10, 2003 September 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- October 7, 2003 October 9, 2003 October 10, 2003 October 27, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- November 5, 2003 November 7, 2003 November 10, 2003 November 25, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- December 5, 2003 December 9, 2003 December 10, 2003 December 26, 2003 ------------------------------- ---------------------------- ---------------------------- ---------------------------- January 5, 2004 January 7, 2004 January 8, 2004 January 26, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- February 4, 2004 February 6, 2004 February 9, 2004 February 25, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- March 5, 2004 March 9, 2004 March 10, 2004 March 25, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- April 5, 2004 April 7, 2004 April 8, 2004 April 26, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- May 5, 2004 May 7, 2004 May 10, 2004 May 25, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- June 7, 2004 June 9, 2004 June 10, 2004 June 25, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- July 6, 2004 July 8, 2004 July 9, 2004 July 26, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- August 5, 2004 August 9, 2004 August 10, 2004 August 25, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- September 7, 2004 September 9, 2004 September 10, 2004 September 27, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- October 5, 2004 October 7, 2004 October 8, 2004 October 25, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- November 5, 2004 November 9, 2004 November 10, 2004 November 26, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- December 6, 2004 December 8, 2004 December 9, 2004 December 27, 2004 ------------------------------- ---------------------------- ---------------------------- ---------------------------- January 5, 2005 January 7, 2005 January 10, 2005 January 25, 2005 ------------------------------- ---------------------------- ---------------------------- ---------------------------- -2- Share Distribution Reinvestments (1) ------------------------------------------------------------ --------------------------------------------------------- Record Date Investment Date (2) ------------------------------------------------------------ --------------------------------------------------------- February 28, 2003 March 17, 2003 ------------------------------------------------------------ --------------------------------------------------------- May 30, 2003 June 16, 2003 ------------------------------------------------------------ --------------------------------------------------------- August 29, 2003 September 15, 2003 ------------------------------------------------------------ --------------------------------------------------------- November 28, 2003 December 15, 2003 ------------------------------------------------------------ --------------------------------------------------------- February 27, 2004 March 15, 2004 ------------------------------------------------------------ --------------------------------------------------------- May 31, 2004 June 15, 2004 ------------------------------------------------------------ --------------------------------------------------------- August 31, 2004 September 15, 2004 ------------------------------------------------------------ --------------------------------------------------------- November 30, 2004 December 15, 2004 ------------------------------------------------------------ --------------------------------------------------------- (1) The dates indicated are those expected to be applicable under the Plan with respect to future Distributions, if and when declared by the Board of Trustees. The actual record and payment dates will be determined by the Board of Trustees. (2) The Investment Date relating to Distributions is also the pricing date with respect to Common Shares acquired directly from the Trust with such Distributions. See Question 12. New York Stock Exchange Holidays --------------------------------------- ------------------------------------ ----------------------------------------- 2003 2004 --------------------------------------- ------------------------------------ ----------------------------------------- New Year's Day January 1, 2003 January 1, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- Martin Luther King, Jr. Day January 20, 2003 January 19, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- President's Day February 17, 2003 February 16, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- Good Friday April 18, 2003 April 9, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- Memorial Day May 26, 2003 May 31, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- Independence Day July 4, 2003 July 5, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- Labor Day September 1, 2003 September 6, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- Thanksgiving Day November 27, 2003 November 25, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- Christmas Day December 25, 2003 December 24, 2004 --------------------------------------- ------------------------------------ ----------------------------------------- -3-