CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Real estate revenue:
Lease revenue		$ 65,543	$ 58,473	$ 193,563	$ 178,313
Expense reimbursements		4,650	4,040	12,436	11,321
Other real estate revenue		1,400	1,336	4,828	4,803
Total real estate revenue		71,593	63,849	210,827	194,437
Other income		143	340	430	764
Total revenue		71,736	64,189	211,257	195,201
Property operating expenses:
CAM and real estate taxes		(26,408)	(27,688)	(79,899)	(80,418)
Utilities		(3,749)	(3,530)	(9,573)	(8,971)
Other property operating expenses		(1,972)	(1,827)	(6,580)	(5,699)
Total property operating expenses		(32,129)	(33,045)	(96,052)	(95,088)
Depreciation and amortization		(29,142)	(34,420)	(88,667)	(95,597)
General and administrative expenses		(14,453)	(9,526)	(39,819)	(30,790)
Provision for employee separation expenses		(39)	(60)	(279)	(1,173)
Insurance recoveries, net		0	0	670	586
Project costs and other expenses		(27)	(124)	(206)	(287)
Total operating expenses		(75,790)	(77,175)	(224,353)	(222,349)
Interest expense, net		(32,426)	(20,260)	(95,135)	(54,300)
Gain on debt extinguishment, net		0	0	4,587	0
Gain on derecognition of property		0	7,006	0	7,006
Impairment of assets		(262)	0	(1,564)	0
Reorganization expenses		0	0	(267)	0
Total expenses		(108,478)	(90,429)	(316,732)	(269,643)
Loss before equity in loss of partnerships, (loss) gain on sales of real estate by equity method investee, (loss) gain on sales of real estate, net, and gain (loss) on sales of interests in non operating real estate		(36,742)	(26,240)	(105,475)	(74,442)
Equity in loss of partnerships		(1,429)	(3,259)	(2,429)	(2,798)
(Loss) gain on sales of real estate by equity method investee		(10)	0	1,337	0
(Loss) gain on sales of real estate, net		(217)	(94)	(1,191)	11,169
Gain (loss) on sales of interests in non operating real estate		0	16	0	(174)
Net loss		(38,398)	(29,577)	(107,758)	(66,245)
Less: net loss attributable to noncontrolling interest		669	734	2,686	1,996
Net loss attributable to PREIT		(37,729)	(28,843)	(105,072)	(64,249)
Less: cumulative preferred share dividends		(6,843)	(6,843)	(20,531)	(20,531)
Net loss attributable to PREIT common shareholders		(44,572)	(35,686)	(125,603)	(84,780)
Net loss		(38,398)	(29,577)	(107,758)	(66,245)
Noncontrolling interest		669	734	2,686	1,996
Cumulative preferred share dividends		(6,843)	(6,843)	(20,531)	(20,531)
Dividends on unvested restricted shares		0	0	0	(363)
Net loss used to calculate loss per share—basic and diluted		$ (44,572)	$ (35,686)	$ (125,603)	$ (85,143)
Basic and diluted loss per share:		$ (0.56)	$ (0.46)	$ (1.60)	$ (1.10)
Weighted average shares outstanding basic (in shares)		79,184	77,401	78,330	77,149
Effect of common share equivalents (in shares)	[1]	0	0	0	0
Weighted average shares outstanding diluted (in shares)		79,184	77,401	78,330	77,149

[1] The Company had net losses used to calculate earnings per share for the three and nine months ended September 30, 2021 and 2020. Therefore, the effects of common share equivalents are excluded from the calculation of diluted loss per share for these periods because they would be antidilutive.