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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Real estate investments:    
Operating properties $ 4,004,118 $ 4,006,459
Accumulated depreciation (992,997) (973,318)
Right of use asset - operating leases, net 21,485 21,656
Operating real estate investments, net 3,032,606 3,054,797
Construction-in-progress 193,160 180,718
Land held for development 108,213 96,124
Prepaid leasehold interests in land held for development, net 39,490 39,592
Total real estate investments, net 3,373,469 3,371,231
Assets held for sale, net 10,698 7,349
Cash and cash equivalents 52,702 90,499
Accounts receivable, net of allowance of $284 as of both March 31, 2020 and December 31, 2019 16,928 16,363
Accrued rent receivable, net of allowance of $7,484 and $7,691 as of March 31, 2020 and December 31, 2019, respectively 175,277 174,144
Investment in Real Estate Ventures 119,998 120,294
Deferred costs, net 94,336 95,560
Intangible assets, net 75,670 84,851
Other assets 126,264 115,678
Total assets 4,045,342 4,075,969
LIABILITIES AND EQUITY    
Mortgage notes payable, net 312,001 313,812
Unsecured credit facility 50,000 0
Unsecured term loan, net 248,692 248,561
Unsecured senior notes, net 1,581,907 1,582,045
Accounts payable and accrued expenses 109,755 113,347
Distributions payable 32,692 33,815
Deferred income, gains and rent 34,673 35,284
Intangible liabilities, net 20,605 22,263
Lease liability - operating leases 22,606 22,554
Other liabilities 28,597 15,985
Total liabilities 2,441,528 2,387,666
Commitments and contingencies (See Note 15)
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 170,965,987 and 176,480,095 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 1,710 1,766
Additional paid-in-capital 3,140,194 3,192,158
Deferred compensation payable in common shares 17,012 16,216
Common shares in grantor trust, 1,117,783 and 1,105,542 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively (17,012) (16,216)
Cumulative earnings 812,578 804,556
Accumulated other comprehensive loss (10,195) (2,370)
Cumulative distributions (2,350,733) (2,318,233)
Total Brandywine Realty Trust's equity 1,593,554 1,677,877
Noncontrolling interests 10,260 10,426
Total beneficiaries' equity 1,603,814 1,688,303
Total liabilities and beneficiaries' equity 4,045,342 4,075,969
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 4,004,118 4,006,459
Accumulated depreciation (992,997) (973,318)
Right of use asset - operating leases, net 21,485 21,656
Operating real estate investments, net 3,032,606 3,054,797
Construction-in-progress 193,160 180,718
Land held for development 108,213 96,124
Prepaid leasehold interests in land held for development, net 39,490 39,592
Total real estate investments, net 3,373,469 3,371,231
Assets held for sale, net 10,698 7,349
Cash and cash equivalents 52,702 90,499
Accounts receivable, net of allowance of $284 as of both March 31, 2020 and December 31, 2019 16,928 16,363
Accrued rent receivable, net of allowance of $7,484 and $7,691 as of March 31, 2020 and December 31, 2019, respectively 175,277 174,144
Investment in Real Estate Ventures 119,998 120,294
Deferred costs, net 94,336 95,560
Intangible assets, net 75,670 84,851
Other assets 126,264 115,678
Total assets 4,045,342 4,075,969
LIABILITIES AND EQUITY    
Mortgage notes payable, net 312,001 313,812
Unsecured credit facility 50,000 0
Unsecured term loan, net 248,692 248,561
Unsecured senior notes, net 1,581,907 1,582,045
Accounts payable and accrued expenses 109,755 113,347
Distributions payable 32,692 33,815
Deferred income, gains and rent 34,673 35,284
Intangible liabilities, net 20,605 22,263
Lease liability - operating leases 22,606 22,554
Other liabilities 28,597 15,985
Total liabilities 2,441,528 2,387,666
Commitments and contingencies (See Note 15)
Redeemable limited partnership units at redemption value; 981,634 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 9,981 15,388
Equity:    
General Partnership Capital; 170,965,987 and 176,480,095 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 1,603,314 1,674,539
Accumulated other comprehensive loss (10,584) (2,715)
Total Brandywine Operating Partnership, L.P.'s equity 1,592,730 1,671,824
Noncontrolling interest - consolidated real estate ventures 1,103 1,091
Total partners' equity 1,593,833 1,672,915
Total liabilities and beneficiaries' equity $ 4,045,342 $ 4,075,969