CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013	Sep. 30, 2012
Real estate revenue:
Base rent	$ 70,646		$ 67,951		$ 209,990	$ 201,340
Expense reimbursements	33,517		30,959		95,704	91,280
Percentage rent	593		694		2,169	2,099
Lease termination revenue	336		279		579	1,691
Other real estate revenue	3,186		2,965		8,953	8,723
Total real estate revenue	108,278		102,848		317,395	305,133
Other income	3,208		2,608		5,491	4,254
Total revenue	111,486		105,456		322,886	309,387
Operating expenses:
CAM and real estate taxes	(36,938)		(33,755)		(107,426)	(100,557)
Utilities	(6,954)		(6,637)		(17,213)	(17,525)
Other operating expenses	(4,806)		(5,228)		(12,824)	(13,815)
Total operating expenses	(48,698)		(45,620)		(137,463)	(131,897)
Depreciation and amortization	(36,053)		(31,918)		(105,332)	(95,232)
Other expenses:
General and administrative expenses	(8,116)		(8,694)		(26,578)	(28,818)
Impairment of assets	(29,966)				(29,966)
Provision for employee separation expense			(4,958)		(2,314)	(5,754)
Project costs and other expenses	(462)		(380)		(862)	(777)
Total other expenses	38,544		14,032		59,720	35,349
Interest expense, net	(23,477)		(29,996)		(78,503)	(91,531)
Total expenses	(146,772)		(121,566)		(381,018)	(354,009)
Loss before equity in income of partnerships, discontinued operations and gains on sales of discontinued operations	(35,286)		(16,110)		(58,132)	(44,622)
Equity in income of partnerships	2,345		2,164		7,081	6,110
Loss from continuing operations	(32,941)		(13,946)		(51,051)	(38,512)
Discontinued operations:
Operating results from discontinued operations	428		1,085		2,082	2,834
Gains on sales of discontinued operations	45,097				78,351
Income from discontinued operations	45,525		1,085		80,433	2,834
Net income (loss)	12,584		(12,861)		29,382	(35,678)
Less: net (income) loss attributable to noncontrolling interest	(382)		508		(1,073)	1,440
Net income (loss) attributable to PREIT	12,202		(12,353)		28,309	(34,238)
Less: dividends on preferred shares	(3,962)		(2,372)		(11,886)	(4,217)
Net income (loss) attributable to PREIT common shareholders	8,240		(14,725)		16,423	(38,455)
Loss from continuing operations	(32,941)		(13,946)		(51,051)	(38,512)
Noncontrolling interest	992		551		1,656	1,552
Dividends on unvested restricted shares	(108)		(132)		(319)	(321)
Loss from continuing operations used to calculate loss per share—basic and diluted	(36,019)		(15,899)		(61,600)	(41,498)
Noncontrolling interest	(1,374)		(43)		(2,729)	(112)
Income from discontinued operations used to calculate earnings per share—basic and diluted	$ 44,151		$ 1,042		$ 77,704	$ 2,722
Basic and diluted earnings (loss) per share:
Loss from continuing operations	$ (0.53)		$ (0.29)		$ (0.99)	$ (0.75)
Income from discontinued operations	$ 0.65		$ 0.02		$ 1.25	$ 0.05
Total (in dollars per share)	$ 0.12		$ (0.27)		$ 0.26	$ (0.70)
Weighted average shares outstanding—basic	67,579		55,190		62,330	55,081
Effect of common share equivalents (1)		[1]		[1]			[1]
Weighted average shares outstanding—diluted	67,579		55,190		62,330	55,081

[1] The Company had net losses from continuing operations for all periods presented. Therefore, the effects of common share equivalents of 825 and 982 for the three months ended September 30, 2013 and 2012, respectively, and 851 and 1,017 for the nine months ended September 30, 2013 and 2012, respectively, are excluded from the calculation of diluted loss per share for these periods because they would be antidilutive.