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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,297,520 $ 3,216,231
Construction in progress 64,019 60,452
Land held for development 6,350 8,721
Total investments in real estate 3,367,889 3,285,404
Accumulated depreciation (1,015,647) (1,061,051)
Net investments in real estate 2,352,242 2,224,353
INVESTMENTS IN PARTNERSHIPS, at equity: 161,029 140,882
OTHER ASSETS:    
Cash and cash equivalents 22,855 40,433
Tenant and other receivables (net of allowance for doubtful accounts of $6,417 and $11,929 at December 31, 2015 and 2014, respectively) 40,324 40,566
Intangible assets (net of accumulated amortization of $13,441 and $11,873 at December 31, 2015 and 2014, respectively) 22,248 6,452
Deferred costs and other assets, net 81,574 87,017
Disposal Group, Including Discontinued Operation, Assets, Current 126,244 0
Total assets 2,806,516 2,539,703
LIABILITIES:    
Mortgage loans payable 1,325,495 1,407,947
Term Loans 400,000 130,000
Revolving Facility 65,000 0
Tenants’ deposits and deferred rent 14,631 15,541
Distributions in excess of partnership investments 65,547 65,956
Fair value of derivative instruments 2,756 2,490
Disposal Group, Including Discontinued Operation, Liabilities 69,918 0
Accrued expenses and other liabilities 78,539 73,032
Total liabilities $ 2,021,886 $ 1,694,966
COMMITMENTS AND CONTINGENCIES (Note 11)
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; 69,197 issued and outstanding shares at December 31, 2015 and 68,801 shares at December 31, 2014 $ 69,197 $ 68,801
Capital contributed in excess of par 1,476,397 1,474,183
Accumulated other comprehensive loss (4,193) (6,002)
Distributions in excess of net income (912,221) (721,605)
Total equity – Pennsylvania Real Estate Investment Trust 629,261 815,458
Noncontrolling interest 155,369 29,279
Total equity 784,630 844,737
Total liabilities and equity 2,806,516 2,539,703
Series A Preferred Shares[Member]    
EQUITY:    
Preferred shares, value 46 46
Total equity 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred shares, value 35 35
Total equity $ 35 $ 35