Pennsylvania real estate investment trust (PEI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS:
INVESTMENTS IN REAL ESTATE, at cost:
Operating properties

3,140

3,099

3,043

3,069

3,058

3,063

3,184

3,156

3,193

3,180

3,084

3,042

3,205

3,196

3,207

3,259

3,305

3,297

3,467

3,552

3,676

3,216

3,173

3,437

3,471

3,450

3,422

3,465

3,396

3,395

3,527

3,497

3,473

3,470

3,430

3,465

3,448

Construction in progress

81

106

151

150

119

115

121

117

113

113

129

137

108

97

98

85

66

64

131

125

59

60

73

85

70

68

88

74

67

68

88

93

96

91

112

117

121

Land held for development

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

6

8

8

8

8

8

8

8

8

10

12

12

13

14

15

15

15

15

15

17

Total investments in real estate

3,227

3,210

3,201

3,226

3,184

3,184

3,311

3,280

3,312

3,299

3,220

3,185

3,319

3,300

3,312

3,351

3,377

3,367

3,607

3,686

3,743

3,285

3,255

3,531

3,551

3,527

3,521

3,553

3,476

3,477

3,630

3,606

3,585

3,576

3,557

3,599

3,587

Accumulated depreciation

1,230

1,202

1,181

1,177

1,148

1,118

1,169

1,144

1,141

1,111

1,082

1,055

1,090

1,060

1,052

1,057

1,046

1,015

1,071

1,083

1,082

1,061

1,028

1,063

1,040

1,012

993

971

938

907

938

906

875

844

812

792

729

Net investments in real estate

1,997

2,008

2,019

2,048

2,035

2,066

2,142

2,135

2,170

2,188

2,137

2,130

2,229

2,239

2,259

2,293

2,331

2,352

2,536

2,603

2,660

2,224

2,226

2,468

2,510

2,515

2,527

2,581

2,537

2,569

2,691

2,699

2,710

2,732

2,745

2,806

2,858

INVESTMENTS IN PARTNERSHIPS, at equity:

167

159

143

153

149

131

120

106

90

216

201

206

186

168

166

161

157

161

154

155

147

140

129

19

15

15

15

15

14

14

15

15

15

16

16

25

30

OTHER ASSETS:
Cash and cash equivalents

5

12

11

15

10

18

19

42

89

15

76

19

18

9

25

16

30

22

22

31

37

40

51

30

32

34

24

17

33

33

26

14

26

21

30

24

42

Tenant and other receivables

36

41

35

34

35

38

33

30

35

38

34

29

31

39

31

30

32

40

36

34

37

40

35

37

44

46

35

32

38

38

37

31

34

39

34

29

40

Intangible assets (net of accumulated amortization of $17,733 and $18,248 at March 31, 2020 and December 31, 2019, respectively)

12

13

-

-

-

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets (net of accumulated amortization of $18,125 and $15,543 at September 30, 2019 and December 31, 2018, respectively)

-

-

15

15

17

-

17

17

17

17

18

18

19

19

20

21

21

22

23

24

24

6

6

8

9

9

9

10

7

8

8

9

9

9

11

12

15

Deferred costs and other assets, net

98

103

99

98

107

110

131

122

114

112

107

99

101

93

90

84

89

75

86

88

87

87

89

92

94

97

100

92

92

97

98

92

88

89

97

87

91

Assets held for sale

6

12

9

9

35

22

15

15

-

-

49

81

3

-

30

23

23

-

13

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

0

-

-

-

46

-

-

-

126

-

-

-

0

-

-

-

-

0

29

30

114

-

-

-

-

-

-

-

Total assets

2,323

2,351

2,334

2,374

2,390

2,405

2,480

2,471

2,516

2,588

2,624

2,585

2,590

2,616

2,624

2,631

2,687

2,800

2,873

2,958

2,995

2,539

2,539

2,656

2,707

2,718

2,713

2,779

2,754

2,877

2,878

2,863

2,884

2,910

2,935

2,985

3,080

LIABILITIES:
Mortgage loans payable, net

896

899

904

981

985

1,047

1,052

1,056

1,062

1,056

1,032

1,036

1,069

1,222

1,227

1,231

1,247

1,321

1,392

1,360

1,409

1,407

1,414

1,494

1,498

1,502

1,538

1,619

1,679

1,718

1,822

1,741

1,751

1,691

1,745

1,733

1,744

Term Loans, net

548

548

547

-

-

547

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchangeable Notes (net of debt discount of $849 at December 31, 2011)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136

136

135

135

134

Term Loans, net

-

-

-

-

-

-

-

-

-

547

-

-

-

397

-

-

-

398

-

-

-

130

-

-

-

0

0

0

97

182

240

240

240

240

240

240

347

Term Loans, net

-

-

-

547

547

-

547

546

547

-

547

547

397

-

396

396

398

-

400

400

250

-

130

130

130

-

-

-

-

-

-

-

-

-

-

-

-

Revolving Facilities

289

255

213

182

162

65

37

-

-

53

-

52

135

147

115

85

115

65

60

120

210

0

0

0

25

130

90

35

60

0

15

65

30

95

55

70

-

Tenants’ deposits and deferred rent

5

13

11

9

10

15

10

13

13

11

12

11

15

13

15

17

17

14

15

16

16

15

16

17

17

17

15

9

13

14

11

14

15

13

18

15

16

Distributions in excess of partnership investments

85

87

87

89

91

92

92

94

96

97

59

60

61

61

61

63

64

65

64

64

65

65

64

64

65

64

64

64

64

64

62

62

65

64

63

56

44

Fair value of derivative liabilities

31

13

16

13

6

3

-

-

-

0

0

0

0

1

6

10

7

2

6

3

4

2

1

3

1

0

1

3

7

9

13

16

19

21

24

25

27

Liabilities on assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

69

-

-

-

0

-

-

-

-

0

50

50

102

-

-

-

-

-

-

-

Accrued expenses and other liabilities

94

107

90

88

85

87

71

69

55

61

58

66

62

68

64

78

76

78

89

91

86

73

70

87

69

76

72

64

54

72

68

59

54

60

61

52

61

Total liabilities

1,951

1,923

1,871

1,912

1,888

1,858

1,810

1,781

1,776

1,827

1,743

1,811

1,741

1,914

1,888

1,883

1,926

2,015

2,029

2,057

2,042

1,694

1,696

1,796

1,808

1,792

1,781

1,846

2,027

2,164

2,234

2,200

2,314

2,322

2,343

2,327

2,375

COMMITMENTS AND CONTINGENCIES:

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

EQUITY:
Preferred Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; 78,840 shares issued and outstanding at March 31, 2020 and 77,550 shares issued and outstanding at December 31, 2019

78

77

77

77

77

70

70

70

70

69

69

69

69

69

69

69

69

69

69

69

69

68

68

68

68

68

68

68

56

56

55

56

55

55

55

55

55

Capital contributed in excess of par

1,767

1,766

1,765

1,763

1,761

1,671

1,669

1,667

1,665

1,663

1,768

1,650

1,648

1,481

1,479

1,477

1,475

1,476

1,474

1,472

1,470

1,474

1,472

1,470

1,466

1,467

1,463

1,461

1,248

1,247

1,165

1,160

1,047

1,047

1,045

1,042

1,040

Accumulated other comprehensive (loss) income

-31

-12

-15

-11

-0

5

-

-

-

7

-3

-3

-3

1

8

11

9

-4

8

5

7

-6

5

7

7

-6

7

-9

-18

-20

-26

-29

-32

-34

-37

-38

-39

Distributions in excess of net income

1,444

1,408

1,370

1,371

1,342

1,306

1,205

1,192

1,142

1,109

1,098

1,087

1,018

997

955

939

929

912

853

802

753

721

722

703

662

636

626

622

597

608

589

565

543

524

515

450

401

Total equity—Pennsylvania Real Estate Investment Trust

369

423

457

458

496

440

550

559

605

631

743

635

703

555

586

596

607

629

681

732

779

815

813

827

865

892

897

897

688

674

605

622

527

544

547

610

654

Noncontrolling interest

2

3

4

4

5

105

118

130

135

129

137

138

145

147

150

151

153

155

161

167

173

29

29

32

33

34

34

36

38

38

38

41

42

43

43

48

50

Total equity

371

427

462

462

501

546

669

690

740

760

881

774

848

702

736

748

760

784

843

900

952

844

842

859

898

926

931

933

727

713

644

663

570

588

591

658

704

Total liabilities and equity

2,323

2,351

2,334

2,374

2,390

2,405

2,480

2,471

2,516

2,588

2,624

2,585

2,590

2,616

2,624

2,631

2,687

2,800

2,873

2,958

2,995

2,539

2,539

2,656

2,707

2,718

2,713

2,779

2,754

2,877

2,878

2,863

2,884

2,910

2,935

2,985

3,080

Real Estate Liabilities Associated with Assets Held for Development and Sale

-

-

-

-

-

-

-

-

-

-

32

36

-

-

1

0

-

-

1

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Shares, $.01 par value per share; 25,000 shares authorized; 3450 shares issued and outstanding at September 30,2019 and December 31,2018; liquidation preference of $86,250
Preferred Shares

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C Preferred Shares, $.01 par value per share; 25,000 shares authorized; 6,900 shares issued and outstanding at September 30, 2019 and December 31, 2018; liquidation preference of $172,500
Preferred Shares

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series D Preferred Shares, $.01 par value per share; 25,000 shares authorized; 5,000 shares issued and outstanding at September 30, 2019 and December 31, 2018 liquidation preference of $125,000
Preferred Shares

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C Preferred Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series D Preferred Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-