XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Real estate investments:    
Rental properties $ 4,717,124 $ 4,793,080
Accumulated depreciation (884,026) (865,710)
Operating real estate investments, net 3,833,098 3,927,370
Construction-in-progress 38,442 25,083
Land inventory 109,285 109,008
Total real estate investments, net 3,980,825 4,061,461
Cash and cash equivalents 284,236 410
Held-to-maturity securities 50,164 0
Accounts receivable, net 14,038 14,718
Accrued rent receivable, net 110,853 108,101
Investment in real estate ventures, at equity 127,536 115,807
Deferred costs, net 118,685 115,362
Intangible assets, net 63,969 70,515
Notes receivable 17,991 18,186
Other assets 57,046 53,158
Total assets 4,825,343 4,557,718
LIABILITIES AND BENEFICIARIES' EQUITY    
Mortgage notes payable 508,210 511,061
Unsecured credit facility 0 275,500
Unsecured term loans 600,000 37,500
Unsecured senior notes, net of discounts 1,566,240 1,569,934
Accounts payable and accrued expenses 72,832 69,929
Distributions payable 23,860 23,895
Deferred income, gains and rent 99,905 99,569
Acquired lease intangibles, net 33,278 35,106
Other liabilities 45,576 45,528
Total liabilities 2,949,901 2,668,022
Commitments and contingencies (Note 17)      
Brandywine Realty Trust's equity:    
Common Shares of Brandywine Realty Trust’s beneficial interest, $0.01 par value; shares authorized 200,000,000; 143,022,150 and 142,690,755 issued in 2012 and 2011, respectively and 143,022,150 and 142,690,755 outstanding in 2012 and 2011, respectively 1,428 1,424
Additional paid-in capital 2,777,148 2,776,197
Deferred compensation payable in common shares 5,436 5,631
Common shares in grantor trust, 293,122 in 2012 and 292,646 in 2011 (5,436) (5,631)
Cumulative earnings 486,491 477,338
Accumulated other comprehensive loss (6,005) (6,079)
Cumulative distributions (1,415,916) (1,392,332)
Total Brandywine Realty Trust's equity 1,843,189 1,856,591
Non-controlling interests 32,253 33,105
Total equity 1,875,442 1,889,696
Total liabilities and equity 4,825,343 4,557,718
BRANDYWINE OPERATING PARTNERSHIP, L.P.
   
Real estate investments:    
Rental properties 4,717,124 4,793,080
Accumulated depreciation (884,026) (865,710)
Operating real estate investments, net 3,833,098 3,927,370
Construction-in-progress 38,442 25,083
Land inventory 109,285 109,008
Total real estate investments, net 3,980,825 4,061,461
Cash and cash equivalents 284,236 410
Held-to-maturity securities 50,164 0
Accounts receivable, net 14,038 14,718
Accrued rent receivable, net 110,853 108,101
Investment in real estate ventures, at equity 127,536 115,807
Deferred costs, net 118,685 115,362
Intangible assets, net 63,969 70,515
Notes receivable 17,991 18,186
Other assets 57,046 53,158
Total assets 4,825,343 4,557,718
LIABILITIES AND BENEFICIARIES' EQUITY    
Mortgage notes payable 508,210 511,061
Unsecured credit facility 0 275,500
Unsecured term loans 600,000 37,500
Unsecured senior notes, net of discounts 1,566,240 1,569,934
Accounts payable and accrued expenses 72,832 69,929
Distributions payable 23,860 23,895
Deferred income, gains and rent 99,905 99,569
Acquired lease intangibles, net 33,278 35,106
Other liabilities 45,576 45,528
Total liabilities 2,949,901 2,668,022
Commitments and contingencies (Note 17)      
Redeemable limited partnership units at redemption value;    
Redeemable limited partnership units at redemption value; 2,657,721 and 2,698,648 issued and outstanding in 2012 and 2011, respectively 39,785 38,370
Brandywine Realty Trust's equity:    
General Partnership Capital, 143,022,150 and 142,690,755 units issued in 2012 and 2011, respectively and 143,022,150 and 142,690,755 units outstanding in 2012 and 2011, respectively 1,738,348 1,754,302
Accumulated other comprehensive loss (6,141) (6,426)
Total Brandywine Realty Trust's equity 1,835,657 1,851,326
Total liabilities and equity 4,825,343 4,557,718
7.50% Series D Preferred Shares | BRANDYWINE OPERATING PARTNERSHIP, L.P.
   
Brandywine Realty Trust's equity:    
Preferred Shares 47,912 47,912
7.50% Series C Preferred Shares
   
Brandywine Realty Trust's equity:    
Preferred Shares 20 20
7.375% Series D Preferred Shares
   
Brandywine Realty Trust's equity:    
Preferred Shares 23 23
Total equity 43 43
7.375% Series E Preferred Shares | BRANDYWINE OPERATING PARTNERSHIP, L.P.
   
Brandywine Realty Trust's equity:    
Preferred Shares $ 55,538 $ 55,538