CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013	Jun. 30, 2012
Real estate revenue:
Base rent	$ 70,274		$ 67,141		$ 139,884	$ 133,892
Expense reimbursements	31,163		29,691		62,269	60,393
Percentage rent	584		509		1,576	1,405
Lease termination revenue	91		769		244	1,420
Other real estate revenue	2,901		3,088		5,766	5,763
Total real estate revenue	105,013		101,198		209,739	202,873
Other income	1,395		884		2,283	1,645
Total revenue	106,408		102,082		212,022	204,518
Operating expenses:
CAM and real estate taxes	(35,155)		(33,332)		(70,599)	(66,908)
Utilities	(5,140)		(5,651)		(10,259)	(10,887)
Other operating expenses	(4,095)		(4,616)		(8,020)	(8,596)
Total operating expenses	(44,390)		(43,599)		(88,878)	(86,391)
Depreciation and amortization	(35,451)		(31,573)		(69,432)	(63,545)
Other expenses:
General and administrative expenses	(9,606)		(10,240)		(18,462)	(20,124)
Provision for employee separation expense	(1,035)		(796)		(2,314)	(796)
Project costs and other expenses	(198)		(39)		(400)	(397)
Total other expenses	(10,839)		(11,075)		(21,176)	(21,317)
Interest expense, net	(27,689)		(30,815)		(55,027)	(61,533)
Total expenses	(118,369)		(117,062)		(234,513)	(232,786)
Loss before equity in income of partnerships and discontinued operations	(11,961)		(14,980)		(22,491)	(28,268)
Equity in income of partnerships	2,283		1,952		4,736	3,945
Loss from continuing operations	(9,678)		(13,028)		(17,755)	(24,323)
Discontinued operations:
Operating results from discontinued operations	669		627		1,299	1,506
Gains on sales of discontinued operations					33,254
Income from discontinued operations	669		627		34,553	1,506
Net (loss) income	(9,009)		(12,401)		16,798	(22,817)
Less: net loss (income) attributable to noncontrolling interest	314		513		(691)	932
Net (loss) income attributable to PREIT	(8,695)		(11,888)		16,107	(21,885)
Less: dividends on preferred shares	(3,962)		(1,845)		(7,924)	(1,845)
Net (loss) income attributable to PREIT common shareholders	(12,657)		(13,733)		8,183	(23,730)
Loss from continuing operations	(9,678)		(13,028)		(17,755)	(24,323)
Noncontrolling interest	336		537		651	992
Dividends on unvested restricted shares	(103)		(128)		(211)	(189)
Loss from continuing operations used to calculate earnings per share—basic and diluted	(13,407)		(14,464)		(25,239)	(25,365)
Noncontrolling interest	(22)		(24)		(1,342)	(60)
Income from discontinued operations used to calculate earnings per share—basic and diluted	$ 647		$ 603		$ 33,211	$ 1,446
Basic and diluted earnings (loss) per share:
Loss from continuing operations (in dollars per share)	$ (0.21)		$ (0.26)		$ (0.42)	$ (0.46)
Income from discontinued operations (in dollars per share)	$ 0.01		$ 0.01		$ 0.55	$ 0.03
Total (in dollars per share)	$ (0.20)		$ (0.25)		$ 0.13	$ (0.43)
Weighted average shares outstanding—basic	63,540		55,143		59,661	55,026
Effect of common share equivalents		[1]		[1]			[1]
Weighted average shares outstanding—diluted	63,540		55,143		59,661	55,026

[1] The Company had net losses from continuing operations for all periods presented. Therefore, the effects of common share equivalents of 727 and 1,007 for the three months ended June 30, 2013 and 2012, respectively, and 780 and 947 for the six months ended June 30, 2013 and 2012, respectively, are excluded from the calculation of diluted loss per share for these periods because they would be antidilutive.