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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,173,334 $ 3,450,317
Construction in progress 73,410 68,835
Land held for development 8,721 8,716
Total investments in real estate 3,255,465 3,527,868
Accumulated depreciation (1,028,846) (1,012,746)
Net investments in real estate 2,226,619 2,515,122
INVESTMENTS IN PARTNERSHIPS, at equity: 129,202 15,963
OTHER ASSETS:    
Cash and cash equivalents 51,413 34,230
Tenant and other receivables (net of allowance for doubtful accounts of $13,049 and $13,123 at September 30, 2014 and December 31, 2013, respectively) 35,416 46,439
Intangible assets (net of accumulated amortization of $12,042 and $14,506 at September 30, 2014 and December 31, 2013, respectively) 6,622 9,075
Deferred costs and other assets 89,907 97,752
Total assets 2,539,179 2,718,581
LIABILITIES:    
Mortgage loans payable 1,414,054 1,502,650
Long-term Debt 130,000   
Revolving Facility    130,000
Tenants’ deposits and deferred rent 16,062 17,896
Distributions in excess of partnership investments 64,360 64,491
Fair value of derivative liabilities 1,738 844
Accrued expenses and other liabilities 70,209 76,248
Total liabilities 1,696,423 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 68,787 shares at September 30, 2014 and 68,293 shares at December 31, 2013 68,787 68,293
Capital contributed in excess of par 1,472,366 1,467,460
Accumulated other comprehensive loss (5,428) 6,637
Distributions in excess of net income (722,338) (636,939)
Total equity—Pennsylvania Real Estate Investment Trust 813,468 892,258
Noncontrolling interest 29,288 34,194
Total equity 842,756 926,452
Total liabilities and equity 2,539,179 2,718,581
Series A Preferred Shares [Member]
   
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]
   
EQUITY:    
Preferred Shares $ 35 $ 35