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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,305,542 $ 3,297,520
Construction in progress 66,497 64,019
Land held for development 5,906 6,350
Total investments in real estate 3,377,945 3,367,889
Accumulated depreciation (1,046,632) (1,015,647)
Net investments in real estate 2,331,313 2,352,242
INVESTMENTS IN PARTNERSHIPS, at equity: 157,995 161,029
OTHER ASSETS:    
Cash and cash equivalents 30,453 22,855
Tenant and other receivables (net of allowance for doubtful accounts of $7,216 and $6,417 at March 31, 2016 and December 31, 2015, respectively) 32,562 40,324
Intangible assets (net of accumulated amortization of $13,972 and $13,441 at March 31, 2016 and December 31, 2015, respectively) 21,717 22,248
Deferred costs and other assets, net 89,974 75,450
Total assets 2,687,385 2,800,392
LIABILITIES:    
Mortgage loans payable 1,247,173 1,321,331
Long-term Debt 398,160 398,040
Revolving Facility 115,000 65,000
Tenants’ deposits and deferred rent 17,741 14,631
Distributions in excess of partnership investments 64,712 65,547
Fair value of derivative liabilities 7,248 2,756
Accrued expenses and other liabilities 76,679 78,539
Total liabilities $ 1,926,713 $ 2,015,762
COMMITMENTS AND CONTINGENCIES (Note 6):
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; issued and outstanding 69,459 shares at March 31, 2016 and 69,197 shares at December 31, 2015 $ 69,459 $ 69,197
Capital contributed in excess of par 1,475,992 1,476,397
Accumulated other comprehensive loss (9,052) 4,193
Distributions in excess of net income (929,046) (912,221)
Total equity—Pennsylvania Real Estate Investment Trust 607,434 629,261
Noncontrolling interest 153,238 155,369
Total equity 760,672 784,630
Total liabilities and equity 2,687,385 2,800,392
Assets Held-for-sale, Not Part of Disposal Group, Current 23,371 126,244
Real Estate Liabilities Associated with Assets Held for Development and Sale   69,918
Series A Preferred Shares [Member]    
EQUITY:    
Preferred Shares 46 46
Series B Preferred Shares [Member]    
EQUITY:    
Preferred Shares $ 35 $ 35