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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,196,529 $ 3,297,520
Construction in progress 97,575 64,019
Land held for development 5,910 6,350
Total investments in real estate 3,300,014 3,367,889
Accumulated depreciation (1,060,845) (1,015,647)
Net investments in real estate 2,239,169 2,352,242
INVESTMENTS IN PARTNERSHIPS, at equity: 168,608 161,029
OTHER ASSETS:    
Cash and cash equivalents 9,803 22,855
Tenant and other receivables (net of allowance for doubtful accounts of $6,236 and $6,417 at December 31, 2016 and 2015, respectively) 39,026 40,324
Intangible assets (net of accumulated amortization of $11,064 and $13,441 at December 31, 2016 and 2015, respectively) 19,746 22,248
Deferred costs and other assets, net 93,800 75,450
Assets held for sale 46,680 126,244
Total assets 2,616,832 2,800,392
LIABILITIES:    
Mortgage loans payable 1,222,859 1,321,331
Term Loans 397,043 398,040
2013 Revolving Facility 147,000 65,000
Tenants’ deposits and deferred rent 13,262 14,631
Distributions in excess of partnership investments 61,833 65,547
Fair value of derivative instruments 1,520 2,756
Liabilities on assets held for sale 2,658 69,918
Accrued expenses and other liabilities 68,251 78,539
Total liabilities 1,914,426 2,015,762
COMMITMENTS AND CONTINGENCIES (Note 11)
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; 69,553 issued and outstanding shares at December 31, 2016 and 69,197 shares at December 31, 2015 69,553 69,197
Capital contributed in excess of par 1,481,787 1,476,397
Accumulated other comprehensive loss 1,622 (4,193)
Distributions in excess of net income (997,789) (912,221)
Total equity – Pennsylvania Real Estate Investment Trust 555,254 629,261
Noncontrolling interest 147,152 155,369
Total equity 702,406 784,630
Total liabilities and equity 2,616,832 2,800,392
Series A Preferred Shares[Member]    
EQUITY:    
Preferred shares, value 46 46
Total equity 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred shares, value 35 35
Total equity $ 35 $ 35