Exhibit 23.3

                         Consent of Independent Auditors

The Board of Shareholders and Trustees
Pennsylvania Real Estate Investment Trust:

We consent to the incorporation by reference in the Registration Statement (Form
S-8 No. 33-59771) pertaining to the 1993 Jonathan B. Weller Non-Qualified Stock
Option Plan, the Registration Statement (Form S-8 No. 33-59773) pertaining to
the Amended Incentive and Non-Qualified Stock Option Plan, the Registration
Statement (Form S-8 No. 33-59767) pertaining to the Option Plan for Non-Employee
Trustees, the Registration Statement (Form S-8 No. 333-69877) pertaining to the
Qualified Employee Share Purchase Plan, the Registration Statement (Form S-8 No.
333-97677) pertaining to 1997 Stock Option Plan, the Registration Statement
(Form S-8 No. 333-103116) pertaining to the 1999 Equity Incentive Plan, the
Registration Statements (Form S-3 No. 33-61115, No. 333-48917, No. 333-70157,
No. 333-74697, No. 333-74695, No. 333-74693, No. 333-36626, No. 333-97337, and
No. 333-97985), as amended, and related Prospectuses of Pennsylvania Real Estate
Investment Trust of our report dated January 15, 2002, included in Pennsylvania
Real Estate Investment Trust's Annual Report (Form 10-K) for the year ended
December 31, 2002, with respect to the financial statements of Lehigh Valley
Associates.


/s/ ERNST & YOUNG

Philadelphia, Pennsylvania
March 31, 2003