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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Revenue $ 145,088 $ 143,896
Operating expenses    
Property operating expenses 37,461 39,500
Real estate taxes 16,787 15,783
Third party management expenses 2,662 2,117
Depreciation and amortization 52,038 51,444
General and administrative expenses 8,561 9,844
Total operating expenses 117,509 118,688
Gain on sale of real estate    
Net gain on disposition of real estate 2,586 0
Net gain on sale of undepreciated real estate 0 1,001
Total gain on sale of real estate 2,586 1,001
Operating income 30,165 26,209
Other income (expense):    
Interest income 575 525
Interest expense 20,009 20,357
Interest expense - amortization of deferred financing costs (749) (666)
Equity in loss of Real Estate Ventures (1,891) (1,358)
Net gain on real estate venture transactions 0 259
Net income before income taxes 8,091 4,612
Income tax provision (4) (29)
Net income 8,087 4,583
Net income attributable to noncontrolling interests (65) (60)
Net income attributable to Brandywine Realty Trust 8,022 4,523
Nonforfeitable dividends allocated to unvested restricted shareholders (131) (119)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 7,891 $ 4,404
Basic income per Common Share (in dollars per share) $ 0.04 $ 0.03
Diluted income per Common Share (in dollars per share) $ 0.04 $ 0.02
Basic weighted average shares outstanding (in shares) 176,069,968 175,857,358
Diluted weighted average shares outstanding (in shares) 176,653,459 176,464,218
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Revenue    
Revenue $ 145,088 $ 143,896
Operating expenses    
Property operating expenses 37,461 39,500
Real estate taxes 16,787 15,783
Third party management expenses 2,662 2,117
Depreciation and amortization 52,038 51,444
General and administrative expenses 8,561 9,844
Total operating expenses 117,509 118,688
Gain on sale of real estate    
Net gain on disposition of real estate 2,586 0
Net gain on sale of undepreciated real estate 0 1,001
Total gain on sale of real estate 2,586 1,001
Operating income 30,165 26,209
Other income (expense):    
Interest income 575 525
Interest expense 20,009 20,357
Interest expense - amortization of deferred financing costs (749) (666)
Equity in loss of Real Estate Ventures (1,891) (1,358)
Net gain on real estate venture transactions 0 259
Net income before income taxes 8,091 4,612
Income tax provision (4) (29)
Net income 8,087 4,583
Net income attributable to noncontrolling interests - consolidated real estate ventures (12) (34)
Net income attributable to Brandywine Operating Partnership 8,075 4,549
Nonforfeitable dividends allocated to unvested restricted shareholders (131) (119)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 7,944 $ 4,430
Basic income per Common Share (in dollars per share) $ 0.04 $ 0.03
Diluted income per Common Share (in dollars per share) $ 0.04 $ 0.02
Basic weighted average shares outstanding (in shares) 177,051,602 176,840,229
Diluted weighted average shares outstanding (in shares) 177,635,093 177,447,089
Rents    
Revenue    
Revenue $ 139,204 $ 138,098
Rents | BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Revenue    
Revenue 139,204 138,098
Third party management fees, labor reimbursement and leasing    
Revenue    
Service and other revenue 4,954 3,955
Third party management fees, labor reimbursement and leasing | BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Revenue    
Service and other revenue 4,954 3,955
Other    
Revenue    
Service and other revenue 930 1,843
Other | BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Revenue    
Service and other revenue $ 930 $ 1,843