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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 352   423 596
Real estate revenue:        
Base rent $ 68,378 $ 66,908 $ 200,069 $ 209,896
Expense reimbursements 31,790 31,057 93,840 96,287
Percentage rent 866 542 1,712 1,455
Lease termination revenue 1,431 644 1,898 898
Other real estate revenue 2,355 2,638 6,967 8,005
Total real estate revenue 104,820 101,789 304,486 316,541
Other Nonoperating Income 2,216 3,348 4,300 4,807
Total revenue 107,036 105,137 308,786 321,348
Property operating expenses:        
CAM and real estate taxes (33,004) (33,092) (100,073) (107,723)
Utilities (5,311) (5,520) (15,419) (19,571)
Other property operating expenses (4,428) (4,315) (12,416) (11,713)
Cost of Real Estate Revenue 42,743 42,927 127,908 139,007
General and administrative expenses (7,554) (8,373) (25,624) (26,224)
Provision For Employee Separation Expenses (136) (85) (136) (4,961)
Depreciation and amortization (36,108) (34,240) (105,938) (107,610)
Acquisition costs and other expenses (427) (723) (5,696) (3,329)
Operating Expenses 86,968 86,348 265,302 281,131
Interest expense, net (19,668) (20,071) (60,939) (61,792)
Asset Impairment Charges (51,412) (2,297) (86,319) (19,695)
Costs and Expenses 158,048 108,716 412,560 362,618
Loss before equity in income of partnerships, gain on sale of interest in non operating real estate and gain (loss) on sale of interests in real estate (51,012) (3,579) (103,774) (41,270)
Equity in income of partnerships 2,385 3,206 6,499 8,392
Gain on sale of non operating real estate 0 0 43 0
Gains (Losses) on Sales of Investment Real Estate 12,386 (513) 12,386 (414)
Net loss (36,241) (886) (84,846) (33,292)
Less: net loss attributable to noncontrolling interest 3,901 27 8,073 1,004
Net loss attributable to PREIT (32,340) (859) (76,773) (32,288)
Less: preferred share dividends (3,962) (3,962) (11,886) (11,886)
Net loss attributable to PREIT common shareholders (36,302) (4,821) (88,659) (44,174)
Net loss (36,241) (886) (84,846) (33,292)
Noncontrolling interest 3,901 27 8,073 1,004
Dividends on unvested restricted shares (76) (87) (240) (293)
Income (Loss) from Continuing Operations Attributable to Parent $ (36,378) $ (4,908) $ (88,899) $ (44,467)
Basic and diluted loss per share: $ (0.53) $ (0.07) $ (1.29) $ (0.65)
Weighted average shares outstanding—basic 68,807 68,331 68,710 68,172
Weighted average shares outstanding—diluted 68,807 68,331 68,710 68,172