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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0   57  
Real estate revenue:        
Base rent $ 56,769 $ 61,243 $ 114,204 $ 128,236
Expense reimbursements 26,984 28,870 55,081 60,004
Percentage rent 326 385 630 836
Lease termination revenue 1,791 16 2,272 251
Other real estate revenue 2,540 2,225 4,647 4,868
Total real estate revenue 88,410 92,739 176,834 194,195
Other Nonoperating Income 840 1,514 1,680 2,030
Total revenue 89,250 94,253 178,514 196,225
Property operating expenses:        
CAM and real estate taxes (28,261) (30,496) (58,213) (64,685)
Utilities (4,140) (4,137) (7,963) (8,463)
Other property operating expenses (2,825) (2,899) (6,030) (7,495)
Cost of Real Estate Revenue 35,226 37,532 72,206 80,643
General and administrative expenses (9,232) (8,883) (18,273) (17,469)
Provision For Employee Separation Expenses (1,053) (658) (1,053) (1,193)
Depreciation and amortization (32,928) (31,662) (64,686) (65,397)
Project costs and other expenses (85) (243) (397) (294)
Operating Expenses 78,524 78,978 156,615 164,996
Interest expense, net (14,418) (17,067) (29,756) (36,413)
Asset Impairment Charges (53,917) (14,118) (53,917) (14,724)
Costs and Expenses 146,859 110,163 240,288 216,133
Loss before equity in income of partnerships, gains on sales of interests in non operating real estate and gains (losses) on sales of real estate (57,609) (15,910) (61,774) (19,908)
Equity in income of partnerships 4,154 4,192 7,890 8,075
Gain on sale of non operating real estate 486 0 486 9
Gains (Losses) on Sales of Investment Real Estate (308) 20,887 (365) 22,922
Net (loss) income (53,277) 9,169 (53,763) 11,098
Less: net loss (income) attributable to noncontrolling interest 5,669 (982) 5,721 (1,190)
Net (loss attributable) income available to PREIT (47,608) 8,187 (48,042) 9,908
Less: preferred share dividends (7,067) (3,962) (13,272) (7,924)
Net loss attributable to PREIT common shareholders (54,675) 4,225 (61,314) 1,984
Net (loss) income (53,277) 9,169 (53,763) 11,098
Noncontrolling interest 5,669 (982) 5,721 (1,190)
Dividends on unvested restricted shares (88) (76) (185) (160)
Income (Loss) from Continuing Operations Attributable to Parent $ (54,763) $ 4,149 $ (61,499) $ 1,824
Basic and diluted loss (income) per share: $ (0.79) $ 0.06 $ (0.89) $ 0.03
Weighted average shares outstanding—basic 69,307 69,091 69,263 69,032
Effect Of Common Share Equivalents 0 68    
Weighted average shares outstanding—diluted 69,307 69,159 69,263 69,157