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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,450,317 $ 3,395,681
Construction in progress 68,835 68,619
Land held for development 8,716 13,240
Total investments in real estate 3,527,868 3,477,540
Accumulated depreciation (1,012,746) (907,928)
Net investments in real estate 2,515,122 2,569,612
INVESTMENTS IN PARTNERSHIPS, at equity: 15,963 14,855
OTHER ASSETS:    
Cash and cash equivalents 34,230 33,990
Tenant and other receivables (net of allowance for doubtful accounts of $13,123 and $14,042 at December 31, 2013 and 2012, respectively) 46,439 38,473
Intangible assets (net of accumulated amortization of $14,506 and $14,940 at December 31, 2013 and 2012, respectively) 9,075 8,673
Deferred costs and other assets 97,752 97,399
Assets held for sale 0 114,622
Total assets 2,718,581 2,877,624
LIABILITIES:    
Mortgage loans payable 1,502,650 1,718,052
Term Loans 0 182,000
Revolving Facility 130,000 0
Tenants’ deposits and deferred rent 17,896 14,862
Distributions in excess of partnership investments 64,491 64,874
Fair value of derivative instruments 844 9,742
Liabilities on assets held for sale 0 102,417
Accrued expenses and other liabilities 76,248 72,448
Total liabilities 1,792,129 2,164,395
COMMITMENTS AND CONTINGENCIES (Note 11)      
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; issued and outstanding 68,293 shares at December 31, 2013 and 56,331 shares at December 31, 2012 68,293 56,331
Capital contributed in excess of par 1,467,460 1,247,730
Accumulated other comprehensive loss (6,637) (20,867)
Distributions in excess of net income (636,939) (608,634)
Total equity – Pennsylvania Real Estate Investment Trust 892,258 674,641
Noncontrolling interest 34,194 38,588
Total equity 926,452 713,229
Total liabilities and equity 2,718,581 2,877,624
Series A Preferred Shares[Member]
   
EQUITY:    
Preferred shares, value 46 46
Series B Preferred Shares [Member]
   
EQUITY:    
Preferred shares, value $ 35 $ 35