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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,552,091 $ 3,216,231
Construction in progress 125,525 60,452
Land held for development 8,721 8,721
Total investments in real estate 3,686,337 3,285,404
Accumulated depreciation (1,083,207) (1,061,051)
Net investments in real estate 2,603,130 2,224,353
INVESTMENTS IN PARTNERSHIPS, at equity: 155,129 140,882
OTHER ASSETS:    
Cash and cash equivalents 31,320 40,433
Tenant and other receivables (net of allowance for doubtful accounts of $12,744 and $11,929 at June 30, 2015 and December 31, 2014, respectively) 34,599 40,566
Intangible assets (net of accumulated amortization of $12,585 and $11,873 at June 30, 2015 and December 31, 2014, respectively) 24,123 6,452
Deferred costs and other assets 88,196 87,017
Total assets 2,958,418 2,539,703
LIABILITIES:    
Mortgage loans payable 1,360,795 1,407,947
Long-term Debt 400,000 130,000
Revolving Facility 120,000  
Tenants’ deposits and deferred rent 16,344 15,541
Distributions in excess of partnership investments 64,680 65,956
Fair value of derivative liabilities 3,463 2,490
Accrued expenses and other liabilities 91,572 73,032
Total liabilities $ 2,057,785 $ 1,694,966
COMMITMENTS AND CONTINGENCIES (Note 6):    
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; issued and outstanding 69,167 shares at June 30, 2015 and 68,801 shares at December 31, 2014 $ 69,167 $ 68,801
Capital contributed in excess of par 1,472,590 1,474,183
Accumulated other comprehensive loss (5,857) 6,002
Distributions in excess of net income (802,993) (721,605)
Total equity—Pennsylvania Real Estate Investment Trust 732,988 815,458
Noncontrolling interest 167,645 29,279
Total equity 900,633 844,737
Total liabilities and equity 2,958,418 2,539,703
Assets Held-for-sale, Not Part of Disposal Group, Current 21,921  
Real Estate Liabilities Associated with Assets Held for Development and Sale 931  
Series A Preferred Shares [Member]    
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred Shares $ 35 $ 35