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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Rents $ 139,228 $ 128,635 $ 415,113 $ 382,321
Total revenue 145,331 134,998 433,378 405,142
Operating expenses        
Property operating expenses 38,358 37,852 116,542 115,109
Real estate taxes 15,247 12,433 47,119 37,272
Third party management expenses 2,469 2,612 7,035 9,605
Depreciation and amortization 55,627 44,141 158,738 131,631
General and administrative expenses 6,974 5,963 25,217 22,209
Provision for impairment 0 56,865 0 56,865
Total operating expenses 118,675 159,866 354,651 372,691
Gain on sale of real estate        
Net gain (loss) on disposition of real estate 356 0 356 (35)
Net gain on sale of undepreciated real estate 250 0 1,501 2,859
Total gain on sale of real estate 606 0 1,857 2,824
Operating income (loss) 27,262 (24,868) 80,584 35,275
Other income (expense):        
Interest income 558 1,220 1,636 2,564
Interest expense (20,400) (19,257) (61,273) (58,091)
Interest expense - amortization of deferred financing costs (694) (618) (2,026) (1,872)
Equity in (loss) income of Real Estate Ventures (1,965) 1 (4,814) (1,182)
Net gain on real estate venture transactions 2,059 0 3,594 37,263
Net income (loss) before income taxes 6,820 (43,522) 17,701 13,957
Income tax provision 0 0 (46) (158)
Net income (loss) 6,820 (43,522) 17,655 13,799
Net (income) loss attributable to noncontrolling interests (48) 342 (155) (162)
Net income (loss) attributable to Brandywine Realty Trust 6,772 (43,180) 17,500 13,637
Nonforfeitable dividends allocated to unvested restricted shareholders (93) (80) (305) (280)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust $ 6,679 $ (43,260) $ 17,195 $ 13,357
Basic income per Common Share (in dollars per share) $ 0.04 $ (0.24) $ 0.10 $ 0.07
Diluted income per Common Share (in dollars per share) $ 0.04 $ (0.24) $ 0.10 $ 0.07
Basic weighted average shares outstanding (in shares) 176,195,244 178,602,622 176,066,507 178,515,993
Diluted weighted average shares outstanding (in shares) 176,750,600 178,602,622 176,617,726 179,752,544
BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Rents $ 139,228 $ 128,635 $ 415,113 $ 382,321
Total revenue 145,331 134,998 433,378 405,142
Operating expenses        
Property operating expenses 38,358 37,852 116,542 115,109
Real estate taxes 15,247 12,433 47,119 37,272
Third party management expenses 2,469 2,612 7,035 9,605
Depreciation and amortization 55,627 44,141 158,738 131,631
General and administrative expenses 6,974 5,963 25,217 22,209
Provision for impairment 0 56,865 0 56,865
Total operating expenses 118,675 159,866 354,651 372,691
Gain on sale of real estate        
Net gain (loss) on disposition of real estate 356 0 356 (35)
Net gain on sale of undepreciated real estate 250 0 1,501 2,859
Total gain on sale of real estate 606 0 1,857 2,824
Operating income (loss) 27,262 (24,868) 80,584 35,275
Other income (expense):        
Interest income 558 1,220 1,636 2,564
Interest expense (20,400) (19,257) (61,273) (58,091)
Interest expense - amortization of deferred financing costs (694) (618) (2,026) (1,872)
Equity in (loss) income of Real Estate Ventures (1,965) 1 (4,814) (1,182)
Net gain on real estate venture transactions 2,059 0 3,594 37,263
Net income (loss) before income taxes 6,820 (43,522) 17,701 13,957
Income tax provision 0 0 (46) (158)
Net income (loss) 6,820 (43,522) 17,655 13,799
Net income attributable to noncontrolling interests - consolidated real estate ventures (11) (20) (58) (46)
Net income attributable to Brandywine Operating Partnership 6,809 (43,542) 17,597 13,753
Nonforfeitable dividends allocated to unvested restricted shareholders (93) (80) (305) (280)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust $ 6,716 $ (43,622) $ 17,292 $ 13,473
Basic income per Common Share (in dollars per share) $ 0.04 $ (0.24) $ 0.10 $ 0.07
Diluted income per Common Share (in dollars per share) $ 0.04 $ (0.24) $ 0.10 $ 0.07
Basic weighted average shares outstanding (in shares) 177,176,870 180,082,421 177,048,621 179,995,792
Diluted weighted average shares outstanding (in shares) 177,732,226 180,082,421 177,599,840 181,232,343
Third party management fees, labor reimbursement and leasing        
Revenue        
Service and other revenue $ 4,938 $ 4,944 $ 14,041 $ 17,531
Third party management fees, labor reimbursement and leasing | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue 4,938 4,944 14,041 17,531
Other        
Revenue        
Service and other revenue 1,165 1,419 4,224 5,290
Other | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue $ 1,165 $ 1,419 $ 4,224 $ 5,290