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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 672 825 596 851
Real estate revenue:        
Base rent $ 66,908 $ 69,851 $ 209,896 $ 207,560
Expense reimbursements 31,057 33,275 96,287 95,067
Percentage rent 542 593 1,455 2,159
Lease termination revenue 644 336 898 567
Other real estate revenue 2,638 3,011 8,005 8,438
Total real estate revenue 101,789 107,066 316,541 313,791
Other Nonoperating Income 3,348 3,208 4,807 5,491
Total revenue 105,137 110,274 321,348 319,282
Operating expenses:        
CAM and real estate taxes (33,092) (36,416) (107,723) (105,957)
Utilities (5,520) (6,859) (19,571) (16,986)
Other operating expenses (4,315) (4,609) (11,713) (12,255)
Total operating expenses (42,927) (47,884) (139,007) (135,198)
Depreciation and amortization (34,240) (35,770) (107,610) (104,474)
Other expenses:        
General and administrative expenses (8,373) (8,116) (26,224) (26,578)
Impairment of assets (2,297) (6,304) (19,695) (6,304)
Provision for employee separation expense (85)    (4,961) (2,314)
Acquisition costs and other expenses (723) (462) (3,329) (862)
Total other expenses 11,478 14,882 54,209 36,058
Interest expense, net (20,071) (23,477) (61,792) (78,503)
Total expenses (108,716) (122,013) (362,618) (354,233)
Loss before equity in income of partnerships, net loss on sales of interests in real estate, discontinued operations and gains on sales of discontinued operations (3,579) (11,739) (41,270) (34,951)
Equity in income of partnerships 3,206 2,345 8,392 7,081
Discontinued operations:        
Operating results from discontinued operations    543 0 2,563
Disposal Group Including Discontinued Operation, Impairment of Assets   23,662   23,662
Gains on sales of discontinued operations    45,097 0 78,351
Income from discontinued operations    21,978 0 57,252
Net (loss) income (886) 12,584 (33,292) 29,382
Less: net loss (income) attributable to noncontrolling interest 27 (382) 1,004 (1,073)
Net (loss) income attributable to PREIT (859) 12,202 (32,288) 28,309
Less: preferred share dividends (3,962) (3,962) (11,886) (11,886)
Net (loss) income attributable to PREIT common shareholders (4,821) 8,240 (44,174) 16,423
Loss from continuing operations (886) (9,394) (33,292) (27,870)
Noncontrolling interest 27 277 1,004 954
Dividends on unvested restricted shares (87) (108) (293) (319)
Loss from continuing operations used to calculate loss per share—basic and diluted (4,908) (13,187) (44,467) (39,121)
Noncontrolling interest    (659)    (2,027)
Income from discontinued operations used to calculate earnings per share—basic and diluted    21,319    55,225
Basic and diluted (loss) earnings per share:        
Loss from continuing operations $ (0.07) $ (0.20) $ (0.65) $ (0.63)
Income from discontinued operations    $ 0.32    $ 0.89
Total (in dollars per share) $ (0.07) $ 0.12 $ (0.65) $ 0.26
Weighted average shares outstanding—basic 68,331 67,579 68,172 62,330
Effect of common share equivalents (1)    [1]    [1]       [1]
Weighted average shares outstanding—diluted 68,331 67,579 68,172 62,330
Gains (Losses) on Sales of Investment Real Estate $ (513) $ 0 $ (414) $ 0
[1] The Company had net losses from continuing operations used to calculate earnings per share for all periods presented. Therefore, the effects of common share equivalents of 672 and 825 for the three months ended September 30, 2014 and 2013, respectively, and 596 and 851 for the nine months ended September 30, 2014 and 2013, respectively, are excluded from the calculation of diluted loss per share for these periods because they would be antidilutive.