CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Real estate revenue:
Base rent	$ 278,896		$ 283,074		$ 272,036
Expense reimbursements	126,925		126,909		119,993
Percentage rent	5,124		5,732		5,713
Lease termination revenue	2,250		1,565		1,753
Other real estate revenue	13,401		14,448		14,318
Total real estate revenue	426,596		431,728		413,813
Other income	6,107		6,950		5,534
Total revenue	432,703		438,678		419,347
Property operating expenses:
CAM and real estate taxes	(140,662)		(142,684)		(132,901)
Utilities	(23,993)		(22,028)		(21,838)
Other	(15,772)		(17,567)		(18,391)
Cost of Real Estate Revenue	180,427		182,279		173,130
Depreciation and amortization	(144,304)		(140,880)		(127,845)
Other expenses:
Impairment of assets	19,695		6,304		0
General and administrative expenses	(35,518)		(36,975)		(37,538)
Provision for employee separation expense	(4,961)		(2,314)		(9,437)
Acquisition costs and other expenses	(4,937)		(1,422)		(1,936)
Interest expense, net	(82,165)		(98,731)		(122,118)
Costs and Expenses	(472,007)		(468,905)		(472,004)
Operating Expenses	370,147		363,870		349,886
Loss before equity in income of partnerships, gains on sales of real estate and discontinued operations	(39,304)		(30,227)		(52,657)
Equity in income of partnerships	10,569		9,778		8,338
Gains on sales of interests in real estate, net	12,699
Discontinued operations:
Operating results from discontinued operations			2,812		4,627
Impairment of assets of discontinued operations			(23,662)		(3,805)
Gains on sales of discontinued operations			78,512		947
Income from discontinued operations			57,662	[1]	1,769
Net (loss) income	(14,262)	[2]	37,213	[2]	(42,550)
Less: net loss (income) attributed to noncontrolling interest	432		(1,354)		1,713
Net (loss) income attributable to PREIT	(13,830)	[2]	35,859	[2]	(40,837)
Less: preferred share dividends	(15,848)		(15,848)		(7,984)
Net (loss) income attributable to PREIT common shareholders	(29,678)		20,011		(48,821)
Loss from continuing operations	(14,262)		(20,449)		(44,319)
Preferred dividends	(15,848)		(15,848)		(7,984)
Noncontrolling interest in continuing operations	432		729		1,778
Dividends on restricted shares	(380)		(439)		(442)
Loss from continuing operations used to calculate earnings per share – basic and diluted	(30,058)		(36,007)		(50,967)
Income from discontinued operations	0		57,662		1,769
Noncontrolling interest in discontinued operations	0		(2,083)		(65)
Income from discontinued operations used to calculate earnings per share – basic and diluted	0		55,579		1,704
Basic and diluted (loss) earnings per share:
Loss from continuing operations (in dollars per share)	$ (0.44)		$ (0.56)		$ (0.92)
Income (loss) from discontinued operations (in dollars per share)	$ 0.00		$ 0.87		$ 0.03
Basic and diluted earnings (loss) per share (in dollars per share)	$ (0.44)		$ 0.31		$ (0.89)
Weighted average shares outstanding – basic	68,217		63,662		55,122
Weighted average shares outstanding – diluted	68,217		63,662		55,122
Gain Loss On Sale Of Real Estate	$ 1,774

[1] Includes impairment losses of $1.3 million (1st Quarter 2014), $16.1 million (2nd Quarter 2014) and $2.3 million (3rd Quarter 2014). Includes impairment losses on discontinued operations of $23.7 million (3rd Quarter 2013)

[2] Includes gains on sales of discontinued operations (before non controlling interest) of $33.4 million (1st Quarter 2013), $45.1 million (3rd Quarter 2013).