CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Real estate revenue:
Lease revenue		$ 73,310	$ 78,219	$ 223,668	$ 239,669
Expense reimbursements		5,364	5,677	15,342	16,307
Other real estate revenue		2,202	2,493	7,619	6,928
Total real estate revenue		80,876	86,389	246,629	262,904
Other income		498	1,714	1,440	3,454
Total revenue		81,374	88,103	248,069	266,358
Property operating expenses:
CAM and real estate taxes		(28,320)	(27,826)	(85,891)	(84,569)
Utilities		(4,009)	(4,430)	(11,350)	(12,143)
Other property operating expenses		(1,836)	(2,444)	(5,815)	(8,752)
Total property operating expenses		(34,165)	(34,700)	(103,056)	(105,464)
Depreciation and amortization		(31,236)	(33,119)	(98,085)	(100,505)
General and administrative expenses		(10,605)	(8,441)	(33,419)	(27,969)
Provision for employee separation expenses		(218)	(561)	(1,078)	(956)
Insurance recoveries, net		2,878	0	4,494	0
Project costs and other expenses		(80)	(214)	(267)	(465)
Total operating expenses		(73,426)	(77,035)	(231,411)	(235,359)
Interest expense, net		(15,534)	(15,181)	(46,986)	(46,064)
Gain on debt extinguishment, net		29,600	0	24,832	0
Impairment of assets			0	(1,464)	(34,286)
Total expenses		(59,360)	(92,216)	(255,029)	(315,709)
Income (loss) before equity in income of partnerships, gain on sales of real estate by equity method investee, gain on sales of real estate, net, and adjustment to gain on sales of interests in non operating real estate		22,014	(4,113)	(6,960)	(49,351)
Equity in income of partnerships		1,531	2,477	6,136	8,186
Gain on sales of real estate by equity method investee		0	0	553	2,773
Gain on sales of real estate, net		1,171	0	2,684	748
Adjustment to gain on sales of interests in non operating real estate		0	0	0	(25)
Net income (loss)		24,716	(1,636)	2,413	(37,669)
Less: net (income) loss attributable to noncontrolling interest		(454)	891	1,563	6,122
Net income (loss) attributable to PREIT		24,262	(745)	3,976	(31,547)
Less: preferred share dividends		(6,843)	(6,843)	(20,531)	(20,531)
Net income (loss) attributable to PREIT common shareholders		17,419	(7,588)	(16,555)	(52,078)
Net income (loss)		24,716	(1,636)	2,413	(37,669)
Noncontrolling interest		(454)	891	1,563	6,122
Less: preferred share dividends		(6,843)	(6,843)	(20,531)	(20,531)
Dividends on unvested restricted shares		(222)	(136)	(663)	(412)
Net income (loss) used to calculate loss per share—basic and diluted		$ 17,197	$ (7,724)	$ (17,218)	$ (52,490)
Basic and diluted income (loss) per share (in dollars per share)		$ 0.22	$ (0.11)	$ (0.23)	$ (0.75)
Weighted average shares outstanding—basic (in shares)		76,492	69,803	74,771	69,718
Effect of common share equivalents (in shares)	[1]	332	0	0	0
Weighted average shares outstanding—diluted (in shares)		76,824	69,803	74,771	69,718
Development Land Parcel
Property operating expenses:
Impairment of assets		$ 0	$ 0	$ (1,464)	$ 0

[1] The Company had net losses used to calculate earnings per share for the three months ended September 30, 2018, and for the nine months ended September 30, 2019 and 2018. Therefore, the effects of common share equivalents of 38 for the three months ended September 30, 2018, and 375 and 272 for the nine months ended September 30, 2019 and 2018, respectively, are excluded from the calculation of diluted loss per share for these periods because they would be antidilutive.