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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount   361 51  
Real estate revenue:        
Base rent $ 56,874 $ 60,188 $ 171,078 $ 188,424
Expense reimbursements 26,900 29,059 81,981 89,063
Percentage rent 593 825 1,223 1,661
Lease termination revenue 7 3,012 2,279 3,263
Other real estate revenue 2,345 3,176 6,992 8,044
Total real estate revenue 86,719 96,260 263,553 290,455
Other Nonoperating Income 2,492 2,600 4,172 4,630
Total revenue 89,211 98,860 267,725 295,085
Property operating expenses:        
CAM and real estate taxes (25,772) (29,373) (83,985) (94,058)
Utilities (4,444) (4,753) (12,407) (13,216)
Other property operating expenses (3,087) (3,123) (9,117) (10,618)
Cost of Real Estate Revenue 33,303 37,249 105,509 117,892
General and administrative expenses (8,288) (8,244) (26,561) (25,713)
Provision For Employee Separation Expenses 0 (162) (1,053) (1,355)
Depreciation and amortization (29,966) (26,820) (94,652) (92,217)
Project costs and other expenses (150) (1,080) (547) (1,374)
Operating Expenses 71,707 73,555 228,322 238,551
Interest expense, net (14,342) (17,198) (44,098) (53,611)
Asset Impairment Charges (1,825) (9,865) (55,742) (24,589)
Costs and Expenses 87,874 100,618 328,162 316,751
Income (loss) before equity in income of partnerships, gain on sale of real estate by equity method investee, gains on sales of interests in non operating real estate and (losses) gains on sales of real estate 1,337 (1,758) (60,437) (21,666)
Equity in income of partnerships 4,254 4,643 12,144 12,718
Equity Method Investment, Realized Gain (Loss) on Disposal 6,718 0 6,718 0
Gain on sale of non operating real estate 0 0 486 9
Gains (Losses) on Sales of Investment Real Estate (9) 31 (374) 22,953
Net income (loss) 12,300 2,916 (41,463) 14,014
Less: net (income available) loss attributable to noncontrolling interest (1,305) (312) 4,416 (1,502)
Net income available (loss attributable) to PREIT 10,995 2,604 (37,047) 12,512
Less: preferred share dividends (7,525) (3,962) (20,797) (11,886)
Net income (loss) attributable to PREIT common shareholders 3,470 (1,358) (57,844) 626
Net income (loss) 12,300 2,916 (41,463) 14,014
Noncontrolling interest (1,305) (312) 4,416 (1,502)
Dividends on unvested restricted shares (87) (81) (272) (241)
Income (Loss) from Continuing Operations Attributable to Parent $ 3,383 $ (1,439) $ (58,116) $ 385
Basic and diluted income (loss) per share: $ 0.05 $ (0.02) $ (0.84) $ 0.01
Weighted average shares outstanding—basic 69,424 69,129 69,319 69,065
Effect Of Common Share Equivalents 0 0 0 386
Weighted average shares outstanding—diluted 69,424 69,129 69,319 69,451