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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Rents $ 113,989 $ 116,251 $ 343,260 $ 346,579
Tenant reimbursements 20,695 19,010 58,308 59,187
Termination fees 931 157 2,522 2,673
Third party management fees, labor reimbursement and leasing 3,007 3,028 9,021 8,514
Other 1,761 955 4,259 3,314
Total revenue 140,383 139,401 417,370 420,267
Operating Expenses:        
Property operating expenses 40,705 40,788 118,068 124,023
Real estate taxes 14,064 13,204 42,292 40,699
Third party management expenses 1,298 1,379 3,812 4,395
Depreciation and amortization 48,738 51,943 147,618 157,157
General and administrative expenses 6,080 6,177 18,209 18,311
Total operating expenses 110,885 113,491 329,999 344,585
Operating income 29,498 25,910 87,371 75,682
Other Income (Expense):        
Investment Income, Interest 311 523 2,635 1,385
Historic tax credit transaction income 11,840 12,026 11,840 12,026
Interest expense (32,620) (32,346) (99,745) (99,477)
Interest expense - amortization of deferred financing costs (1,218) (1,846) (3,790) (3,844)
Interest expense — financing obligation (230) 0 (608) 0
Equity in income of real estate ventures 500 418 1,382 2,739
Net gain on sale of interests in real estate 0 0 0 2,791
Loss on real estate venture formation (950) 0 (950) 0
Gain (loss) on early extinguishment of debt (51) 176 (1,549) (580)
Income (loss) from continuing operations 7,080 4,861 (3,414) (9,278)
Discontinued operations:        
Income from discontinued operations 69 1,750 1,867 5,329
Net gain (loss) on disposition of discontinued operations 9,940 0 34,774 3,836
Total discontinued operations 10,009 1,750 36,641 9,165
Net income (loss) 17,089 6,611 33,227 (113)
Net income from discontinued operations attributable to non-controlling interests - LP units (182) (86) (669) (234)
Net (income) loss attributable to non-controlling interests - LP units (78) (276) 244 88
Net (income) loss attributable to non-controlling interests (260) (362) (425) (146)
Net income (loss) attributable to Brandywine Realty Trust 16,829 6,249 32,802 (259)
Distribution to Preferred Shares (2,785) (1,998) (7,832) (5,994)
Preferred share redemption charge 0 0 (2,090) 0
Amount allocated to unvested restricted shareholders (95) (121) (286) (384)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust 13,949 4,130 22,594 (6,637)
Basic income (loss) per Common Share:        
Continuing operations (in dollars per share) $ 0.03 $ 0.02 $ (0.09) $ (0.12)
Discontinued operations (in dollars per share) $ 0.07 $ 0.01 $ 0.25 $ 0.07
Basic income (loss) per Common Share (in dollars per share) $ 0.10 $ 0.03 $ 0.16 $ (0.05)
Diluted income (loss) per Common Share:        
Continuing operations (in dollars per share) $ 0.03 $ 0.02 $ (0.09) $ (0.12)
Discontinued operations (in dollars per share) $ 0.07 $ 0.01 $ 0.25 $ 0.07
Diluted income (loss) per Common Share (in dollars per share) $ 0.10 $ 0.03 $ 0.16 $ (0.05)
Basic weighted average shares outstanding (in shares) 143,424,485 135,562,487 143,182,911 135,164,424
Diluted weighted average shares outstanding (in shares) 144,128,010 136,841,451 143,182,911 135,164,424
Net income (loss) attributable to Brandywine Realty Trust        
Income (loss) from continuing operations 7,002 4,585 (3,170) (9,190)
Income (loss) from discontinued operations 9,827 1,664 35,972 8,931
Net income (loss) 16,829 6,249 32,802 (259)
BRANDYWINE OPERATING PARTNERSHIP, L.P.
       
Revenue:        
Rents 113,989 116,251 343,260 346,579
Tenant reimbursements 20,695 19,010 58,308 59,187
Termination fees 931 157 2,522 2,673
Third party management fees, labor reimbursement and leasing 3,007 3,028 9,021 8,514
Other 1,761 955 4,259 3,314
Total revenue 140,383 139,401 417,370 420,267
Operating Expenses:        
Property operating expenses 40,705 40,788 118,068 124,023
Real estate taxes 14,064 13,204 42,292 40,699
Third party management expenses 1,298 1,379 3,812 4,395
Depreciation and amortization 48,738 51,943 147,618 157,157
General and administrative expenses 6,080 6,177 18,209 18,311
Total operating expenses 110,885 113,491 329,999 344,585
Operating income 29,498 25,910 87,371 75,682
Other Income (Expense):        
Investment Income, Interest 311 523 2,635 1,385
Historic tax credit transaction income 11,840 12,026 11,840 12,026
Interest expense (32,620) (32,346) (99,745) (99,477)
Interest expense - amortization of deferred financing costs (1,218) (1,846) (3,790) (3,844)
Interest expense — financing obligation (230) 0 (608) 0
Equity in income of real estate ventures 500 418 1,382 2,739
Net gain on sale of interests in real estate 0 0 0 2,791
Loss on real estate venture formation (950) 0 (950) 0
Gain (loss) on early extinguishment of debt (51) 176 (1,549) (580)
Income (loss) from continuing operations 7,080 4,861 (3,414) (9,278)
Discontinued operations:        
Income from discontinued operations 69 1,750 1,867 5,329
Net gain (loss) on disposition of discontinued operations 9,940 0 34,774 3,836
Total discontinued operations 10,009 1,750 36,641 9,165
Net income (loss) 17,089 6,611 33,227 (113)
Net income (loss) attributable to Brandywine Realty Trust 17,089 6,611 33,227 (113)
Distribution to Preferred Shares (2,785) (1,998) (7,832) (5,994)
Preferred share redemption charge 0 0 (2,090) 0
Amount allocated to unvested restricted shareholders (95) (121) (286) (384)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust 14,209 4,492 23,019 (6,491)
Basic income (loss) per Common Share:        
Continuing operations (in dollars per share) $ 0.03 $ 0.02 $ (0.09) $ (0.11)
Discontinued operations (in dollars per share) $ 0.07 $ 0.01 $ 0.25 $ 0.06
Basic income (loss) per Common Share (in dollars per share) $ 0.10 $ 0.03 $ 0.16 $ (0.05)
Diluted income (loss) per Common Share:        
Continuing operations (in dollars per share) $ 0.03 $ 0.02 $ (0.09) $ (0.11)
Discontinued operations (in dollars per share) $ 0.07 $ 0.01 $ 0.25 $ 0.06
Diluted income (loss) per Common Share (in dollars per share) $ 0.10 $ 0.03 $ 0.16 $ (0.05)
Basic weighted average shares outstanding (in shares) 146,082,206 145,372,247 145,842,872 145,027,663
Diluted weighted average shares outstanding (in shares) 146,785,731 146,651,211 145,842,872 145,027,663
Net income (loss) attributable to Brandywine Realty Trust        
Income (loss) from continuing operations 7,080 4,861 (3,414) (9,278)
Income (loss) from discontinued operations 10,009 1,750 36,641 9,165
Net income (loss) $ 17,089 $ 6,611 $ 33,227 $ (113)