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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,205,211 $ 3,196,529
Construction in progress 108,553 97,575
Land held for development 5,910 5,910
Total investments in real estate 3,319,674 3,300,014
Accumulated depreciation (1,090,174) (1,060,845)
Net investments in real estate 2,229,500 2,239,169
INVESTMENTS IN PARTNERSHIPS, at equity: 186,789 168,608
OTHER ASSETS:    
Cash and cash equivalents 18,704 9,803
Tenant and other receivables (net of allowance for doubtful accounts of $6,552 and $6,236 at March 31, 2017 and December 31, 2016, respectively) 31,047 39,026
Intangible assets (net of accumulated amortization of $11,638 and $11,064 at March 31, 2017 and December 31, 2016, respectively) 19,172 19,746
Deferred costs and other assets, net 101,839 93,800
Total assets 2,590,495 2,616,832
LIABILITIES:    
Mortgage loans payable, net 1,069,539 1,222,859
Long-term Debt 397,231 397,043
Revolving Facility 135,000 147,000
Tenants’ deposits and deferred rent 15,146 13,262
Distributions in excess of partnership investments 61,898 61,833
Derivative, Net Liability Position, Aggregate Fair Value 834  
Fair value of derivative liabilities   1,520
Accrued expenses and other liabilities 62,204 68,251
Total liabilities 1,741,852 1,914,426
COMMITMENTS AND CONTINGENCIES (Note 6):
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; issued and outstanding 69,747 shares at March 31, 2017 and 69,553 shares at December 31, 2016 69,747 69,553
Capital contributed in excess of par 1,648,419 1,481,787
Accumulated other comprehensive loss 3,260 (1,622)
Distributions in excess of net income (1,018,484) (997,789)
Total equity—Pennsylvania Real Estate Investment Trust 703,092 555,254
Noncontrolling interest 145,551 147,152
Total equity 848,643 702,406
Total liabilities and equity 2,590,495 2,616,832
Assets Held-for-sale, Not Part of Disposal Group, Current 3,444 46,680
Real Estate Liabilities Associated with Assets Held for Development and Sale   2,658
Series A Preferred Shares [Member]    
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred Shares 35 $ 35
Series C Preferred Stock [Member]    
EQUITY:    
Preferred Shares $ 69