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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 361 352   423
Real estate revenue:        
Base rent $ 60,188 $ 68,378 $ 188,424 $ 200,069
Expense reimbursements 29,059 31,790 89,063 93,840
Percentage rent 825 866 1,661 1,712
Lease termination revenue 3,012 1,431 3,263 1,898
Other real estate revenue 3,176 2,355 8,044 6,967
Total real estate revenue 96,260 104,820 290,455 304,486
Other Nonoperating Income 2,600 2,216 4,630 4,300
Total revenue 98,860 107,036 295,085 308,786
Property operating expenses:        
CAM and real estate taxes (29,373) (33,004) (94,058) (100,073)
Utilities (4,753) (5,311) (13,216) (15,419)
Other property operating expenses (3,123) (4,428) (10,618) (12,416)
Cost of Real Estate Revenue 37,249 42,743 117,892 127,908
General and administrative expenses (8,244) (7,554) (25,713) (25,624)
Provision For Employee Separation Expenses (162) (136) (1,355) (136)
Depreciation and amortization (26,820) (36,108) (92,217) (105,938)
Acquisition costs and other expenses (1,080) (427) (1,374) (5,696)
Operating Expenses 73,555 86,968 238,551 265,302
Interest expense, net (17,198) (19,668) (53,611) (60,939)
Asset Impairment Charges (9,865) (51,412) (24,589) (86,319)
Costs and Expenses 100,618 158,048 316,751 412,560
Loss before equity in income of partnerships, gains on sales of interests in non operating real estate and gains on sales of real estate (1,758) (51,012) (21,666) (103,774)
Equity in income of partnerships 4,643 2,385 12,718 6,499
Gain on sale of non operating real estate 0 0 9 43
Gains (Losses) on Sales of Investment Real Estate 31 12,386 22,953 12,386
Net income (loss) 2,916 (36,241) 14,014 (84,846)
Less: net (income) loss attributable to noncontrolling interest (312) 3,901 (1,502) 8,073
Net income available (loss attributable) to PREIT 2,604 (32,340) 12,512 (76,773)
Less: preferred share dividends (3,962) (3,962) (11,886) (11,886)
Net (loss attributable) income available to PREIT common shareholders (1,358) (36,302) 626 (88,659)
Net income (loss) 2,916 (36,241) 14,014 (84,846)
Noncontrolling interest (312) 3,901 (1,502) 8,073
Dividends on unvested restricted shares (81) (76) (241) (240)
Income (Loss) from Continuing Operations Attributable to Parent $ (1,439) $ (36,378) $ 385 $ (88,899)
Basic and diluted (loss) earnings per share: $ (0.02) $ (0.53) $ 0.01 $ (1.29)
Weighted average shares outstanding—basic 69,129 68,807 69,065 68,710
Effect Of Common Share Equivalents 0 0 386 0
Weighted average shares outstanding—diluted 69,129 68,807 69,451 68,710