$re = '/^#\s*([^:]+?)\s*:\s*(.*?)\s*$/m';
$str = '#Property Name : Property Value
#foo bar : stackoverflow
foo not bar : test
# bang : ding ';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php