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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,184,656 $ 3,180,212
Construction in progress 121,204 113,609
Land held for development 5,881 5,881
Total investments in real estate 3,311,741 3,299,702
Accumulated depreciation (1,169,709) (1,111,007)
Net investments in real estate 2,142,032 2,188,695
INVESTMENTS IN PARTNERSHIPS, at equity: 120,915 216,823
OTHER ASSETS:    
Cash and cash equivalents 19,294 15,348
Tenant and other receivables (net of allowance for doubtful accounts of $7,246 and $7,248 at September 30, 2018 and December 31, 2017, respectively) 33,801 38,166
Intangible assets (net of accumulated amortization of $14,791 and $13,117 at September 30, 2018 and December 31, 2017, respectively) 17,360 17,693
Deferred costs and other assets, net 131,043 112,046
Assets Held-for-sale, Not Part of Disposal Group, Current 15,874  
Total assets 2,480,319 2,588,771
LIABILITIES:    
Mortgage loans payable, net 1,052,138 1,056,084
Long-term Debt 547,108 547,758
Revolving Facilities 37,000 53,000
Tenants’ deposits and deferred rent 10,155 11,446
Distributions in excess of partnership investments 92,682 97,868
Derivative Liability   20
Accrued expenses and other liabilities 71,862 61,604
Total liabilities 1,810,945 1,827,780
COMMITMENTS AND CONTINGENCIES (Note 6):
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; 70,473 and 69,983 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 70,473 69,983
Capital contributed in excess of par 1,669,239 1,663,966
Accumulated other comprehensive income   (7,226)
Distributions in excess of net income (1,205,896) (1,109,469)
Total equity—Pennsylvania Real Estate Investment Trust 550,475 631,860
Noncontrolling interest 118,899 129,131
Total equity 669,374 760,991
Total liabilities and equity 2,480,319 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 $ 16,505 $ 7,226