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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Real estate revenue:      
Base rent $ 252,115 $ 271,957 $ 278,896
Expense reimbursements 118,880 125,505 126,925
Percentage rent 5,245 5,724 5,124
Lease termination revenue 4,460 2,014 2,250
Other real estate revenue 13,897 14,997 13,401
Total real estate revenue 394,597 420,197 426,596
Other income 5,349 5,214 6,107
Total revenue 399,946 425,411 432,703
Property operating expenses:      
CAM and real estate taxes (124,690) (133,912) (140,662)
Utilities (17,053) (19,674) (23,993)
Other (14,475) (16,461) (15,772)
Cost of Real Estate Revenue 156,218 170,047 180,427
Depreciation and amortization (126,669) (142,647) (144,304)
Other expenses:      
Impairment of assets 62,603 140,318 19,695
General and administrative expenses (35,269) (34,836) (35,518)
Provision for employee separation expense (1,355) (2,087) (4,961)
Acquisition costs and other expenses (1,700) (6,108) (4,937)
Interest expense, net (70,724) (81,096) (82,165)
Acquisition costs and other expenses (454,538) (577,139) (472,007)
Total operating expenses 321,211 355,725 370,147
Loss before equity in income of partnerships and gains on sales of real estate and non operating real estate (54,592) (151,728) (39,304)
Equity in income of partnerships 18,477 9,540 10,569
Gains on sales of interests in real estate, net 23,022 12,362 12,699
Net loss attributable to PREIT (11,348) (116,683) (13,830)
Less: preferred share dividends (15,848) (15,848) (15,848)
Net loss attributable to PREIT common shareholders (27,196) (132,531) (29,678)
Net loss (12,713) (129,567) (14,262)
Net Income (Loss) Attributable to Noncontrolling Interest (1,365) (12,884) (432)
Preferred dividends (15,848) (15,848) (15,848)
Noncontrolling interest 1,365 12,884 432
Dividends on restricted shares (322) (315) (380)
Net loss used to calculate earnings per share – basic and diluted $ (27,518) $ (132,846) $ (30,058)
Basic and diluted loss per share      
Loss from continuing operations (in dollars per share) $ (0.40) $ (1.93) $ (0.44)
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.40) $ (1.93)  
Weighted average shares outstanding – basic 69,086 68,740 68,217
Weighted average shares outstanding – diluted 69,086 68,740 68,217
Gain Loss On Sale Of Real Estate $ 380 $ 259 $ 1,774