EXHIBIT 23.2



                         CONSENT OF INDEPENDENT AUDITORS



         We consent to the incorporation by reference in the Registration
Statement of Pennsylvania Real Estate Investment Trust on Form S-3 dated
December 4, 2003 of our reports dated April 29, 2003, relating to our audits of
the combined statements of revenues and certain expenses of the Subject
Properties - First Close and the Subject Properties - Second Close for the year
ended December 31, 2002 and the statements of revenues and certain expenses of
Cherry Hill Mall for the years ended December 31, 2002, 2001 and 2000, which
reports are included in the Form 8-K/A No. 2 of Pennsylvania Real Estate
Investment Trust dated April 28, 2003 (filed on September 26, 2003) and to the
reference to our firm under the heading "Experts" in this registration statement
on Form S-3. Our reports include a paragraph that states that the statements
were prepared for the purpose of complying with the rules and regulations of the
Securities and Exchange Commission, as described in note 2, and are not intended
to be a complete presentation of the revenues and expenses of the Subject
Properties - First Close, the Subject Properties - Second Close and Cherry Hill
Mall.



/s/ KPMG LLP

Baltimore, Maryland
December 4, 2003