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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,259,774 $ 3,297,520
Construction in progress 85,877 64,019
Land held for development 5,904 6,350
Total investments in real estate 3,351,555 3,367,889
Accumulated depreciation (1,057,857) (1,015,647)
Net investments in real estate 2,293,698 2,352,242
INVESTMENTS IN PARTNERSHIPS, at equity: 161,450 161,029
OTHER ASSETS:    
Cash and cash equivalents 16,841 22,855
Tenant and other receivables (net of allowance for doubtful accounts of $7,239 and $6,417 at June 30, 2016 and December 31, 2015, respectively) 30,591 40,324
Intangible assets (net of accumulated amortization of $9,872 and $13,441 at June 30, 2016 and December 31, 2015, respectively) 21,075 22,248
Deferred costs and other assets, net 84,276 75,450
Total assets 2,631,382 2,800,392
LIABILITIES:    
Mortgage loans payable 1,231,709 1,321,331
Long-term Debt 396,688 398,040
Revolving Facility 85,000 65,000
Tenants’ deposits and deferred rent 17,476 14,631
Distributions in excess of partnership investments 63,188 65,547
Fair value of derivative liabilities 10,254 2,756
Accrued expenses and other liabilities 78,342 78,539
Total liabilities 1,883,149 2,015,762
COMMITMENTS AND CONTINGENCIES (Note 6):
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; issued and outstanding 69,474 shares at June 30, 2016 and 69,197 shares at December 31, 2015 69,474 69,197
Capital contributed in excess of par 1,477,808 1,476,397
Accumulated other comprehensive loss (11,629) 4,193
Distributions in excess of net income (939,407) (912,221)
Total equity—Pennsylvania Real Estate Investment Trust 596,327 629,261
Noncontrolling interest 151,906 155,369
Total equity 748,233 784,630
Total liabilities and equity 2,631,382 2,800,392
Assets Held-for-sale, Not Part of Disposal Group, Current 23,451 126,244
Real Estate Liabilities Associated with Assets Held for Development and Sale 492 69,918
Series A Preferred Shares [Member]    
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred Shares $ 35 $ 35