Partners Equity of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

	Three Months Ended March 31,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	8,087		$	8,087		$	4,583		$	4,583
Net income attributable to noncontrolling interests	(65		)	(65		)	(60		)	(60		)
Nonforfeitable dividends allocated to unvested restricted shareholders	(131		)	(131		)	(119		)	(119		)
Net income attributable to common shareholders	$	7,891		$	7,891		$	4,404		$	4,404
Denominator
Weighted-average shares outstanding	176,069,968			176,069,968			175,857,358			175,857,358
Contingent securities/Share based compensation	—			583,491			—			606,860
Weighted-average shares outstanding	176,069,968			176,653,459			175,857,358			176,464,218
Earnings per Common Share:
Net income attributable to common shareholders	$	0.04		$	0.04		$	0.03		$	0.02

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):

	Three Months Ended March 31,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	8,087		$	8,087		$	4,583		$	4,583
Net income attributable to noncontrolling interests	(12		)	(12		)	(34		)	(34		)
Nonforfeitable dividends allocated to unvested restricted unitholders	(131		)	(131		)	(119		)	(119		)
Net income attributable to common unitholders	$	7,944		$	7,944		$	4,430		$	4,430
Denominator
Weighted-average units outstanding	177,051,602			177,051,602			176,840,229			176,840,229
Contingent securities/Share based compensation	—			583,491			—			606,860
Total weighted-average units outstanding	177,051,602			177,635,093			176,840,229			177,447,089
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	0.04			0.04			0.03			0.02