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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Real estate investments:    
Operating properties $ 3,650,521 $ 4,006,459
Accumulated depreciation (957,189) (973,318)
Right of use asset - operating leases, net 21,315 21,656
Operating real estate investments, net 2,714,647 3,054,797
Construction-in-progress 235,475 180,718
Land held for development 112,420 96,124
Prepaid leasehold interests in land held for development, net 39,389 39,592
Total real estate investments, net 3,101,931 3,371,231
Assets held for sale, net 300,483 7,349
Cash and cash equivalents 44,819 90,499
Accounts receivable, net of allowance of $0 and $284 as of June 30, 2020 and December 31, 2019, respectively 18,823 16,363
Accrued rent receivable, net of allowance of $6,844 and $7,691 as of June 30, 2020 and December 31, 2019, respectively 177,124 174,144
Investment in Real Estate Ventures 118,558 120,294
Deferred costs, net 87,811 95,560
Intangible assets, net 55,262 84,851
Other assets 117,959 115,678
Total assets 4,022,770 4,075,969
LIABILITIES AND EQUITY    
Mortgage notes payable, net 89,435 313,812
Unsecured credit facility 61,000 0
Unsecured term loan, net 248,823 248,561
Unsecured senior notes, net 1,581,777 1,582,045
Accounts payable and accrued expenses 113,826 113,347
Distributions payable 32,747 33,815
Deferred income, gains and rent 24,984 35,284
Intangible liabilities, net 18,577 22,263
Liabilities related to assets held for sale, net 225,993 0
Lease liability - operating leases 22,655 22,554
Other liabilities 32,104 15,985
Total liabilities 2,451,921 2,387,666
Commitments and contingencies (See Note 14)
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 170,573,159 and 176,480,095 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 1,707 1,766
Additional paid-in-capital 3,135,590 3,192,158
Deferred compensation payable in common shares 17,516 16,216
Common shares in grantor trust, 1,160,689 and 1,105,542 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively (17,516) (16,216)
Cumulative earnings 816,574 804,556
Accumulated other comprehensive loss (9,970) (2,370)
Cumulative distributions (2,383,273) (2,318,233)
Total Brandywine Realty Trust's equity 1,560,628 1,677,877
Noncontrolling interests 10,221 10,426
Total beneficiaries' equity 1,570,849 1,688,303
Total liabilities and beneficiaries' equity 4,022,770 4,075,969
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,650,521 4,006,459
Accumulated depreciation (957,189) (973,318)
Right of use asset - operating leases, net 21,315 21,656
Operating real estate investments, net 2,714,647 3,054,797
Construction-in-progress 235,475 180,718
Land held for development 112,420 96,124
Prepaid leasehold interests in land held for development, net 39,389 39,592
Total real estate investments, net 3,101,931 3,371,231
Assets held for sale, net 300,483 7,349
Cash and cash equivalents 44,819 90,499
Accounts receivable, net of allowance of $0 and $284 as of June 30, 2020 and December 31, 2019, respectively 18,823 16,363
Accrued rent receivable, net of allowance of $6,844 and $7,691 as of June 30, 2020 and December 31, 2019, respectively 177,124 174,144
Investment in Real Estate Ventures 118,558 120,294
Deferred costs, net 87,811 95,560
Intangible assets, net 55,262 84,851
Other assets 117,959 115,678
Total assets 4,022,770 4,075,969
LIABILITIES AND EQUITY    
Mortgage notes payable, net 89,435 313,812
Unsecured credit facility 61,000 0
Unsecured term loan, net 248,823 248,561
Unsecured senior notes, net 1,581,777 1,582,045
Accounts payable and accrued expenses 113,826 113,347
Distributions payable 32,747 33,815
Deferred income, gains and rent 24,984 35,284
Intangible liabilities, net 18,577 22,263
Liabilities related to assets held for sale, net 225,993 0
Lease liability - operating leases 22,655 22,554
Other liabilities 32,104 15,985
Total liabilities 2,451,921 2,387,666
Commitments and contingencies (See Note 14)
Redeemable limited partnership units at redemption value; 981,634 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 10,537 15,388
Equity:    
General Partnership Capital; 170,573,159 and 176,480,095 units issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 1,569,557 1,674,539
Accumulated other comprehensive loss (10,358) (2,715)
Total Brandywine Operating Partnership, L.P.'s equity 1,559,199 1,671,824
Noncontrolling interest - consolidated real estate ventures 1,113 1,091
Total partners' equity 1,560,312 1,672,915
Total liabilities and beneficiaries' equity $ 4,022,770 $ 4,075,969