CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Real estate revenue:
Base rent	$ 283,074		$ 272,036		$ 266,880
Expense reimbursements	126,909		119,993		124,103
Percentage rent	5,732		5,713		6,363
Lease termination revenue	1,565		1,753		1,091
Other real estate revenue	14,448		14,318		13,989
Total real estate revenue	431,728		413,813		412,426
Other income	6,950		5,534		6,712
Total revenue	438,678		419,347		419,138
Operating expenses:
CAM and real estate taxes	(142,684)		(132,901)		(131,740)
Utilities	(22,028)		(21,838)		(23,818)
Other	(17,567)		(18,391)		(20,281)
Total operating expenses	(182,279)		(173,130)		(175,839)
Depreciation and amortization	(140,880)		(127,845)		(128,028)
Other expenses:
General and administrative expenses	(36,975)		(37,538)		(38,901)
Provision for employee separation expense	(2,314)		(9,437)		0
Impairment of assets	(6,304)		0		(24,359)
Project costs and other expenses	(1,422)		(1,936)		(964)
Total other expenses	(47,015)		(48,911)		(64,224)
Interest expense, net	(98,731)		(122,118)		(127,148)
Total expenses	(468,905)		(472,004)		(495,239)
Loss before equity in income of partnerships, gains on sales of real estate and discontinued operations	(30,227)		(52,657)		(76,101)
Equity in income of partnerships	9,778		8,338		6,635
Gains on sales of real estate	0		0		1,590
Loss from continuing operations	(20,449)		(44,319)		(67,876)
Discontinued operations:
Operating results from discontinued operations	2,812		4,627		1,918
Impairment of assets of discontinued operations	(23,662)		(3,805)		(27,977)
Gains on sales of discontinued operations	78,512		947		0
Income (loss) from discontinued operations	57,662	[1]	1,769	[1]	(26,059)
Net income (loss)	37,213	[2]	(42,550)	[2]	(93,935)
Less: net (income) loss attributed to noncontrolling interest	(1,354)		1,713		3,774
Net income (loss) attributable to PREIT	35,859	[2]	(40,837)	[2]	(90,161)
Less: preferred share dividends	(15,848)		(7,984)		0
Net income (loss) attributable to PREIT common shareholders	20,011		(48,821)		(90,161)
Loss from continuing operations	(20,449)		(44,319)		(67,876)
Preferred dividends	(15,848)		(7,984)		0
Noncontrolling interest in continuing operations	729		1,778		2,727
Dividends on restricted shares	(439)		(442)		(547)
Loss from continuing operations used to calculate earnings per share – basic and diluted	(36,007)		(50,967)		(65,696)
Income (loss) from discontinued operations	57,662		1,769		(26,059)
Noncontrolling interest in discontinued operations	(2,083)		(65)		1,047
Income (loss) from discontinued operations used to calculate earnings per share – basic and diluted	$ 55,579		$ 1,704		$ (25,012)
Basic and diluted earnings (loss) per share:
Loss from continuing operations (in dollars per share)	$ (0.56)		$ (0.92)		$ (1.20)
Income (loss) from discontinued operations (in dollars per share)	$ 0.87		$ 0.03		$ (0.46)
Basic and diluted earnings (loss) per share (in dollars per share)	$ 0.31		$ (0.89)		$ (1.66)
Weighted average shares outstanding – basic	63,662		55,122		54,639
Effect of dilutive common share equivalents		[3]		[3]		[3]
Weighted average shares outstanding – diluted	63,662		55,122		54,639

[1] Includes impairments losses on discontinued operations of $23.7 million (3rd Quarter 2013) and $3.8 million (4th Quarter 2012).

[2] Includes gains on sales of discontinued operations (before non controlling interest) of $33.4 million (1st Quarter 2013), $45.1 million (3rd Quarter 2013) and $0.9 million (4th Quarter 2012).

[3] For the years ended December 31, 2013, 2012 and 2011, there are net losses allocable to common shareholders from continuing operations, so the effect of common share equivalents of 876, 1,131 and 502 for the years ended December 31, 2013, 2012 and 2011, respectively, is excluded from the calculation of diluted earnings (loss) per share, as their inclusion would be anti-dilutive.