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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount     493 326
Real estate revenue:        
Base rent $ 67,417 $ 71,646 $ 131,691 $ 142,988
Expense reimbursements 30,541 30,879 62,050 65,230
Percentage rent 322 324 846 914
Lease termination revenue 25 154 467 254
Other real estate revenue 2,577 3,142 4,612 5,368
Total real estate revenue 100,882 106,145 199,666 214,754
Other Nonoperating Income 811 680 2,084 1,458
Total revenue 101,693 106,825 201,750 216,212
Property operating expenses:        
CAM and real estate taxes (33,263) (35,228) (67,069) (74,631)
Utilities (4,959) (5,841) (10,108) (14,051)
Other property operating expenses (3,792) (3,295) (7,988) (7,399)
Cost of Real Estate Revenue 42,014 44,364 85,165 96,081
General and administrative expenses (9,126) (8,774) (18,070) (17,851)
Provision For Employee Separation Expenses 0 (4,877) 0 (4,877)
Depreciation and amortization (36,641) (37,135) (69,830) (73,370)
Acquisition costs and other expenses (817) (960) (5,269) (2,606)
Operating Expenses 88,598 96,110 178,334 194,785
Interest expense, net (21,126) (21,550) (41,271) (41,720)
Asset Impairment Charges (28,667) (16,098) (34,907) (17,398)
Costs and Expenses 138,391 133,758 254,512 253,903
Loss before equity in income of partnerships, gain on sale of interest in non operating real estate and gain on sale of interests in real estate (36,698) (26,933) (52,762) (37,691)
Equity in income of partnerships 2,032 2,784 4,114 5,186
Gain on sale of non operating real estate 0 0 43 0
Gains (Losses) on Sales of Investment Real Estate 0 99 0 99
Net loss (34,666) (24,050) (48,605) (32,406)
Less: net loss attributable to noncontrolling interest 3,742 725 4,172 977
Net loss attributable to PREIT (30,924) (23,325) (44,433) (31,429)
Less: preferred share dividends (3,962) (3,962) (7,924) (7,924)
Net loss attributable to PREIT common shareholders (34,886) (27,287) (52,357) (39,353)
Net loss (34,666) (24,050) (48,605) (32,406)
Noncontrolling interest 3,742 725 4,172 977
Dividends on unvested restricted shares (79) (92) (165) (205)
Income (Loss) from Continuing Operations Attributable to Parent $ (34,965) $ (27,379) $ (52,522) $ (39,558)
Basic and diluted loss per share: $ (0.51) $ (0.40) $ (0.76) $ (0.58)
Weighted average shares outstanding—basic 68,753 68,236 68,660 68,091
Weighted average shares outstanding—diluted 68,753 68,236 68,660 68,091