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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,207,221 $ 3,297,520
Construction in progress 98,925 64,019
Land held for development 5,908 6,350
Total investments in real estate 3,312,054 3,367,889
Accumulated depreciation (1,052,550) (1,015,647)
Net investments in real estate 2,259,504 2,352,242
INVESTMENTS IN PARTNERSHIPS, at equity: 166,149 161,029
OTHER ASSETS:    
Cash and cash equivalents 25,384 22,855
Tenant and other receivables (net of allowance for doubtful accounts of $7,128 and $6,417 at September 30, 2016 and December 31, 2015, respectively) 31,721 40,324
Intangible assets (net of accumulated amortization of $10,664 and $13,441 at September 30, 2016 and December 31, 2015, respectively) 20,283 22,248
Deferred costs and other assets, net 90,975 75,450
Total assets 2,624,731 2,800,392
LIABILITIES:    
Mortgage loans payable 1,227,690 1,321,331
Long-term Debt 396,856 398,040
Revolving Facility 115,000 65,000
Tenants’ deposits and deferred rent 15,374 14,631
Distributions in excess of partnership investments 61,617 65,547
Fair value of derivative liabilities 6,482 2,756
Accrued expenses and other liabilities 64,048 78,539
Total liabilities 1,888,160 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 69,537 shares at September 30, 2016 and 69,197 shares at December 31, 2015 69,537 69,197
Capital contributed in excess of par 1,479,945 1,476,397
Accumulated other comprehensive loss (8,100) 4,193
Distributions in excess of net income (955,364) (912,221)
Total equity—Pennsylvania Real Estate Investment Trust 586,099 629,261
Noncontrolling interest 150,472 155,369
Total equity 736,571 784,630
Total liabilities and equity 2,624,731 2,800,392
Assets Held-for-sale, Not Part of Disposal Group, Current 30,715 126,244
Real Estate Liabilities Associated with Assets Held for Development and Sale 1,093 69,918
Series A Preferred Shares [Member]    
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred Shares $ 35 $ 35