CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Real estate revenue:
Lease revenue		$ 52,119	$ 73,744	$ 119,840	$ 150,358
Expense reimbursements		2,976	4,916	7,280	9,978
Other real estate revenue		1,543	2,417	3,467	5,417
Total real estate revenue		56,638	81,077	130,587	165,753
Other income		131	315	424	942
Total revenue		56,769	81,392	131,011	166,695
Property operating expenses:
CAM and real estate taxes		(25,213)	(28,168)	(52,730)	(57,571)
Utilities		(2,519)	(3,681)	(5,442)	(7,341)
Other property operating expenses		(1,775)	(1,913)	(3,872)	(3,979)
Total property operating expenses		(29,507)	(33,762)	(62,044)	(68,891)
Depreciation and amortization		(30,908)	(31,946)	(61,177)	(66,849)
General and administrative expenses		(10,569)	(11,609)	(21,264)	(22,814)
Provision for employee separation expenses		(1,040)	(141)	(1,113)	(860)
Insurance recoveries, net		586	1,852	586	1,616
Project costs and other expenses		(66)	(130)	(161)	(187)
Total operating expenses		(71,504)	(75,736)	(145,173)	(157,985)
Interest expense, net		(17,182)	(15,554)	(34,040)	(31,452)
Loss on debt extinguishment, net		0	0	0	(4,768)
Impairment of development land parcel		0	0	0	(1,464)
Total expenses		(88,686)	(91,290)	(179,213)	(195,669)
Loss before equity in income of partnerships, gain (loss) on sales of real estate by equity method investee, gain on sales of real estate, net, and loss on sales of interests in non operating real estate		(31,917)	(9,898)	(48,202)	(28,974)
Equity in income of partnerships		(358)	2,316	461	4,605
Gain (loss) on sales of real estate by equity method investee		0	(11)	0	553
Gain on sales of real estate, net		9,300	1,513	11,263	1,513
Loss on sales of interests in non operating real estate		(144)	0	(190)	0
Net loss		(23,119)	(6,080)	(36,668)	(22,303)
Less: net loss attributable to noncontrolling interest		746	329	1,262	2,017
Net loss attributable to PREIT		(22,373)	(5,751)	(35,406)	(20,286)
Less: preferred share dividends		(6,844)	(6,844)	(13,688)	(13,688)
Net loss attributable to PREIT common shareholders		(29,217)	(12,595)	(49,094)	(33,974)
Net loss		(23,119)	(6,080)	(36,668)	(22,303)
Noncontrolling interest		746	329	1,262	2,017
Preferred share dividends		(6,844)	(6,844)	(13,688)	(13,688)
Dividends on unvested restricted shares		(13)	(224)	(363)	(441)
Net loss used to calculate loss per share—basic and diluted		$ (29,230)	$ (12,819)	$ (49,457)	$ (34,415)
Basic and diluted income (loss) per share (in dollars per share)		$ (0.38)	$ (0.17)	$ (0.64)	$ (0.47)
Weighted average shares outstanding – basic (in shares)		77,269	76,405	77,021	73,896
Effect of common share equivalents (in shares)	[1]	0	0	0	0
Weighted average shares outstanding – diluted (in shares)		77,269	76,405	77,021	73,896

[1] The Company had net losses used to calculate earnings per share for all periods presented.  Therefore, the effects of common share equivalents of 357 and 683 for the three months ended June 30, 2020 and 2019, respectively, and 439 and 595 for the six months ended June 30, 2020 and 2019, respectively, are excluded from the calculation of diluted loss per share for these periods because they would be antidilutive.