XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,193,444 $ 3,180,212
Construction in progress 113,015 113,609
Land held for development 5,881 5,881
Total investments in real estate 3,312,340 3,299,702
Accumulated depreciation (1,141,914) (1,111,007)
Net investments in real estate 2,170,426 2,188,695
INVESTMENTS IN PARTNERSHIPS, at equity: 90,188 216,823
OTHER ASSETS:    
Cash and cash equivalents 89,213 15,348
Tenant and other receivables (net of allowance for doubtful accounts of $8,107 and $7,248 at March 31, 2018 and December 31, 2017, respectively) 35,671 38,166
Intangible assets (net of accumulated amortization of $13,795 and $13,117 at March 31, 2018 and December 31, 2017, respectively) 17,015 17,693
Deferred costs and other assets, net 114,332 112,046
Total assets 2,516,845 2,588,771
LIABILITIES:    
Mortgage loans payable, net 1,062,070 1,056,084
Long-term Debt 547,949 547,758
Revolving Facility   53,000
Tenants’ deposits and deferred rent 13,345 11,446
Distributions in excess of partnership investments 96,895 97,868
Fair value of derivative liabilities   20
Accrued expenses and other liabilities 55,822 61,604
Total liabilities 1,776,081 1,827,780
COMMITMENTS AND CONTINGENCIES (Note 6):
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; 70,353 and 69,983 issued and outstanding shares at March 31, 2018 and December 31, 2017, respectively 70,353 69,983
Capital contributed in excess of par 1,665,325 1,663,966
Accumulated other comprehensive income   (7,226)
Distributions in excess of net income (1,142,218) (1,117,290)
Total equity—Pennsylvania Real Estate Investment Trust 605,402 624,039
Noncontrolling interest 135,362 136,952
Total equity 740,764 760,991
Total liabilities and equity 2,516,845 2,588,771
Series B Preferred Stock [Member]    
EQUITY:    
Preferred Shares 35 35
Total equity 35 35
Series C Preferred Stock [Member]    
EQUITY:    
Preferred Shares 69 69
Total equity 69 69
Series D Preferred Stock [Member]    
EQUITY:    
Preferred Shares 50 50
Total equity 50 50
AOCI Attributable to Parent [Member]    
EQUITY:    
Total equity $ 11,788 $ 7,226