XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,471,467 $ 3,450,317
Construction in progress 70,999 68,835
Land held for development 8,716 8,716
Total investments in real estate 3,551,182 3,527,868
Accumulated depreciation (1,040,630) (1,012,746)
Net investments in real estate 2,510,552 2,515,122
INVESTMENTS IN PARTNERSHIPS, at equity: 15,090 15,963
OTHER ASSETS:    
Cash and cash equivalents 32,553 34,230
Tenant and other receivables (net of allowance for doubtful accounts of $13,405 and $13,123 at March 31, 2014 and December 31, 2013, respectively) 44,989 46,439
Intangible assets (net of accumulated amortization of $14,490 and $14,506 at March 31, 2014 and December 31, 2013, respectively) 9,051 9,075
Deferred costs and other assets 94,964 97,752
Total assets 2,707,199 2,718,581
LIABILITIES:    
Mortgage loans payable 1,498,822 1,502,650
Long-term Debt 130,000   
Revolving Facility 25,000 130,000
Tenants’ deposits and deferred rent 17,511 17,896
Distributions in excess of partnership investments 65,414 64,491
Fair value of derivative liabilities 1,901 844
Accrued expenses and other liabilities 69,855 76,248
Total liabilities 1,808,503 1,792,129
COMMITMENTS AND CONTINGENCIES (Note 6):      
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; issued and outstanding 68,741 shares at March 31, 2014 and 68,293 shares at December 31, 2013 68,741 68,293
Capital contributed in excess of par 1,466,884 1,467,460
Accumulated other comprehensive loss (7,501) 6,637
Distributions in excess of net income (662,731) (636,939)
Total equity—Pennsylvania Real Estate Investment Trust 865,474 892,258
Noncontrolling interest 33,222 34,194
Total equity 898,696 926,452
Total liabilities and equity 2,707,199 2,718,581
Series A Preferred Shares [Member]
   
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]
   
EQUITY:    
Preferred Shares $ 35 $ 35