XML 51 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Real estate investments:    
Operating properties $ 4,701,289 $ 4,669,289
Accumulated depreciation (1,019,306) (983,808)
Operating real estate investments, net 3,681,983 3,685,481
Construction-in-progress 90,140 74,174
Land inventory 96,427 93,351
Total real estate investments, net 3,868,550 3,853,006
Cash and cash equivalents 236,291 263,207
Accounts receivable, net 23,123 17,389
Accrued rent receivable, net 128,331 126,295
Investment in real estate ventures, at equity 180,237 180,512
Deferred costs, net 123,216 122,954
Intangible assets, net 125,162 132,329
Other assets 75,138 69,403
Total assets 4,760,048 4,765,095
LIABILITIES AND BENEFICIARIES’ EQUITY    
Mortgage notes payable 666,305 670,151
Unsecured term loans 450,000 450,000
Unsecured senior notes, net of discounts 1,475,501 1,475,230
Accounts payable and accrued expenses 106,963 83,693
Distributions payable 25,604 25,584
Deferred income, gains and rent 72,937 71,635
Acquired lease intangibles, net 32,229 34,444
Other liabilities 35,357 32,923
Total liabilities 2,864,896 2,843,660
Commitments and contingencies (Note 16)      
Equity:    
6.90% Series E Preferred Shares/Units, $0.01 par value; issued and outstanding- 4,000,000 in 2014 and 2013 40 40
Common Shares of Brandywine Realty Trust’s beneficial interest, $0.01 par value; shares authorized 200,000,000; 156,916,901 and 156,731,993 issued and outstanding in 2014 and 2013, respectively 1,567 1,566
Additional paid-in capital 2,974,094 2,971,596
Deferred compensation payable in common shares 6,267 5,407
Common shares in grantor trust, 384,571 in 2014 and 312,279 in 2013 (6,267) (5,407)
Cumulative earnings 520,322 522,528
Accumulated other comprehensive loss (3,905) (2,995)
Cumulative distributions 1,617,878 1,592,515
Total equity, excluding non-controlling interest 1,874,240 1,900,220
Non-controlling interests 20,912 21,215
Total beneficiaries' equity 1,895,152 1,921,435
Total liabilities and beneficiaries' equity 4,760,048 4,765,095
BRANDYWINE OPERATING PARTNERSHIP, L.P.
   
Real estate investments:    
Operating properties 4,701,289 4,669,289
Accumulated depreciation (1,019,306) (983,808)
Operating real estate investments, net 3,681,983 3,685,481
Construction-in-progress 90,140 74,174
Land inventory 96,427 93,351
Total real estate investments, net 3,868,550 3,853,006
Cash and cash equivalents 236,291 263,207
Accounts receivable, net 23,123 17,389
Accrued rent receivable, net 128,331 126,295
Investment in real estate ventures, at equity 180,237 180,512
Deferred costs, net 123,216 122,954
Intangible assets, net 125,162 132,329
Other assets 75,138 69,403
Total assets 4,760,048 4,765,095
LIABILITIES AND BENEFICIARIES’ EQUITY    
Mortgage notes payable 666,305 670,151
Unsecured term loans 450,000 450,000
Unsecured senior notes, net of discounts 1,475,501 1,475,230
Accounts payable and accrued expenses 106,963 83,693
Distributions payable 25,604 25,584
Deferred income, gains and rent 72,937 71,635
Acquired lease intangibles, net 32,229 34,444
Other liabilities 35,357 32,923
Total liabilities 2,864,896 2,843,660
Commitments and contingencies (Note 16)      
Redeemable limited partnership units at redemption value;    
Redeemable limited partnership units at redemption value; 1,763,739 issued and outstanding in 2014 and 2013, respectively 26,691 26,486
Equity:    
6.90% Series E Preferred Shares/Units, $0.01 par value; issued and outstanding- 4,000,000 in 2014 and 2013 96,850 96,850
General Partnership Capital, 156,916,901 and 156,731,993 units issued and outstanding in 2014 and 2013, respectively 1,774,950 1,800,530
Accumulated other comprehensive loss (4,297) (3,377)
Total equity, excluding non-controlling interest 1,867,503 1,894,003
Non-controlling interests 958 946
Total beneficiaries' equity 1,868,461 1,894,949
Total liabilities and beneficiaries' equity 4,760,048 4,765,095
Series E Preferred Stock [Member]
   
Equity:    
Total beneficiaries' equity $ 40 $ 40