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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,084,759 $ 3,196,529
Construction in progress 129,614 97,575
Land held for development 5,881 5,910
Total investments in real estate 3,220,254 3,300,014
Accumulated depreciation (1,082,840) (1,060,845)
Net investments in real estate 2,137,414 2,239,169
INVESTMENTS IN PARTNERSHIPS, at equity: 201,000 168,608
OTHER ASSETS:    
Cash and cash equivalents 76,942 9,803
Tenant and other receivables (net of allowance for doubtful accounts of $6,599 and $6,236 at September 30, 2017 and December 31, 2016, respectively) 34,745 39,026
Intangible assets (net of accumulated amortization of $12,643 and $11,064 at September 30, 2017 and December 31, 2016, respectively) 18,167 19,746
Deferred costs and other assets, net 107,304 93,800
Total assets 2,624,646 2,616,832
LIABILITIES:    
Mortgage loans payable, net 1,032,578 1,222,859
Long-term Debt 547,567 397,043
Revolving Facility   147,000
Tenants’ deposits and deferred rent 12,234 13,262
Distributions in excess of partnership investments 59,871 61,833
Derivative, Net Liability Position, Aggregate Fair Value 445  
Fair value of derivative liabilities   1,520
Accrued expenses and other liabilities 58,542 68,251
Total liabilities 1,743,532 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 69,888 shares at September 30, 2017 and 69,553 shares at December 31, 2016 69,888 69,553
Capital contributed in excess of par 1,768,540 1,481,787
Accumulated other comprehensive income 3,534 (1,622)
Distributions in excess of net income (1,098,547) (997,789)
Total equity—Pennsylvania Real Estate Investment Trust 743,613 555,254
Noncontrolling interest 137,501 147,152
Total equity 881,114 702,406
Total liabilities and equity 2,624,646 2,616,832
Assets Held-for-sale, Not Part of Disposal Group, Current 49,074 46,680
Real Estate Liabilities Associated with Assets Held for Development and Sale 32,295 2,658
Series A Preferred Shares [Member]    
EQUITY:    
Preferred Shares 46 46
Total equity 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred Shares 35 35
Total equity 35 $ 35
Series C Preferred Stock [Member]    
EQUITY:    
Preferred Shares 69  
Total equity 69  
Series D Preferred Stock [Member]    
EQUITY:    
Preferred Shares 48  
Total equity $ 48