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SUMMARY OF QUARTERLY RESULTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
SUMMARY OF QUARTERLY RESULTS (UNAUDITED)
SUMMARY OF QUARTERLY RESULTS (UNAUDITED)
The following presents a summary of the unaudited quarterly financial information for the years ended December 31, 2013 and 2012:
 
(in thousands of dollars, except per share amounts)
For the Year Ended December 31, 2013
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter(1)
 
Total
Revenue from continuing operations
$
104,065

 
$
104,943

 
$
110,274

 
$
119,396

 
$
438,678

Revenue from discontinued operations
4,143

 
2,746

 
2,491

 
634

 
10,014

Income (loss) from discontinued operations(2)
34,276

 
1,000

 
21,978

 
408

 
57,662

Net income (loss)(3)
25,807

 
(9,009
)
 
12,584

 
7,831

 
37,213

Net income (loss) attributable to PREIT(3)
24,802

 
(8,695
)
 
12,202

 
7,550

 
35,859

Income from discontinued operations per share – basic and diluted
0.59

 
0.02

 
0.32

 
0.01

 
0.87

Net income (loss) per share – basic and diluted
0.37

 
(0.20
)
 
0.12

 
0.05

 
0.31

 
(in thousands of dollars, except per share amounts)
For the Year Ended December 31, 2012
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter(1)
 
Total
Revenue from continuing operations
$
100,835

 
$
100,576

 
$
104,194

 
$
113,742

 
$
419,347

Revenue from discontinued operations
8,277

 
8,033

 
8,174

 
8,562

 
33,046

Income (loss) from discontinued operations(2)
1,259

 
912

 
1,344

 
(1,746
)
 
1,769

Net loss(2)(3)
(10,416
)
 
(12,401
)
 
(12,861
)
 
(6,872
)
 
(42,550
)
Net loss attributable to PREIT(3)
(9,997
)
 
(11,888
)
 
(12,353
)
 
(6,599
)
 
(40,837
)
Income (loss) from discontinued operations per share – basic and diluted
0.02

 
0.02

 
0.02

 
(0.03
)
 
0.03

Net loss per share – basic and diluted
(0.18
)
 
(0.25
)
 
(0.27
)
 
(0.19
)
 
(0.89
)
 
(1) 
Fourth Quarter revenue includes a significant portion of annual percentage rent as most percentage rent minimum sales levels are met in the fourth quarter.
(2) 
Includes impairments losses on discontinued operations of $23.7 million (3rd Quarter 2013) and $3.8 million (4th Quarter 2012).
(3) 
Includes gains on sales of discontinued operations (before non controlling interest) of $33.4 million (1st Quarter 2013), $45.1 million (3rd Quarter 2013) and $0.9 million (4th Quarter 2012).