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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Real estate revenue:      
Base rent $ 230,898 $ 252,115 $ 271,957
Expense reimbursements 109,454 118,880 125,505
Percentage rent 4,366 5,245 5,724
Lease termination revenue 2,760 4,460 2,014
Other real estate revenue 14,046 13,897 14,997
Total real estate revenue 361,524 394,597 420,197
Other income 5,966 5,349 5,214
Total revenue 367,490 399,946 425,411
Property operating expenses:      
CAM and real estate taxes (111,275) (124,690) (133,912)
Utilities (16,151) (17,053) (19,674)
Other (12,879) (14,475) (16,461)
Cost of Real Estate Revenue 140,305 156,218 170,047
Depreciation and amortization (128,822) (126,669) (142,647)
Other expenses:      
Impairment of assets 55,793 62,603 140,318
General and administrative expenses (36,736) (35,269) (34,836)
Provision for employee separation expense (1,299) (1,355) (2,087)
Project costs and other expenses (768) (1,700) (6,108)
Interest expense, net (58,430) (70,724) (81,096)
Project costs and other expenses (422,153) (454,538) (577,139)
Total operating expenses 307,930 321,211 355,725
Loss before equity in income of partnerships and gains on sales of real estate and non operating real estate (54,663) (54,592) (151,728)
Equity in income of partnerships 14,367 18,477 9,540
Equity Method Investment, Realized Gain (Loss) on Disposal 6,539    
Gain on sale of real estate by equity method investee (361) 23,022 12,362
Net loss attributable to PREIT (29,344) (11,348) (116,683)
Less: preferred share dividends (27,845) (15,848) (15,848)
Preferred Stock Redemption Premium (4,103)    
Net loss attributable to PREIT common shareholders (61,292) (27,196) (132,531)
Net loss (32,848) (12,713) (129,567)
Net Income (Loss) Attributable to Noncontrolling Interest (3,504) (1,365) (12,884)
Preferred dividends (27,845) (15,848) (15,848)
Noncontrolling interest 3,504 1,365 12,884
Dividends on restricted shares (372) (322) (315)
Net loss used to calculate earnings per share – basic and diluted $ (61,664) $ (27,518) $ (132,846)
Basic and diluted loss per share      
Loss from continuing operations (in dollars per share) $ (0.89) $ (0.40) $ (1.93)
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.89) $ (0.40)  
Weighted average shares outstanding – basic 69,364 69,086 68,740
Weighted average shares outstanding – diluted 69,364 69,086 68,740
Gain Loss On Sale Of Real Estate $ 1,270 $ 380 $ 259