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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Revenue $ 126,106 $ 145,331 $ 408,031 $ 433,378
Operating expenses        
Property operating expenses 31,567 38,358 102,320 116,542
Real estate taxes 14,923 15,247 48,525 47,119
Third party management expenses 2,509 2,469 7,546 7,035
Depreciation and amortization 43,533 55,627 145,314 158,738
General and administrative expenses 7,069 6,974 23,973 25,217
Total operating expenses 99,601 118,675 327,678 354,651
Gain on sale of real estate        
Net gain on disposition of real estate 271,901 356 274,487 356
Net gain on sale of undepreciated real estate 0 250 201 1,501
Total gain on sale of real estate 271,901 606 274,688 1,857
Operating income 298,406 27,262 355,041 80,584
Other income (expense):        
Interest income 467 558 1,487 1,636
Interest expense (16,310) (20,400) (56,510) (61,273)
Interest expense - amortization of deferred financing costs (715) (694) (2,195) (2,026)
Equity in loss of Real Estate Ventures (5,788) (1,965) (9,882) (4,814)
Net gain on real estate venture transactions 75 2,059 75 3,594
Net income before income taxes 276,135 6,820 288,016 17,701
Income tax (provision) benefit (2) 0 224 (46)
Net income 276,133 6,820 288,240 17,655
Net income attributable to noncontrolling interests (1,612) (48) (1,701) (155)
Net income attributable to Brandywine Realty Trust 274,521 6,772 286,539 17,500
Nonforfeitable dividends allocated to unvested restricted shareholders (93) (93) (317) (305)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 274,428 $ 6,679 $ 286,222 $ 17,195
Basic income per Common Share (in dollars per share) $ 1.61 $ 0.04 $ 1.66 $ 0.10
Diluted income per Common Share (in dollars per share) $ 1.60 $ 0.04 $ 1.66 $ 0.10
Basic weighted average shares outstanding (in shares) 170,573,028 176,195,244 172,380,410 176,066,507
Diluted weighted average shares outstanding (in shares) 171,026,492 176,750,600 172,735,436 176,617,726
BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Revenue $ 126,106 $ 145,331 $ 408,031 $ 433,378
Operating expenses        
Property operating expenses 31,567 38,358 102,320 116,542
Real estate taxes 14,923 15,247 48,525 47,119
Third party management expenses 2,509 2,469 7,546 7,035
Depreciation and amortization 43,533 55,627 145,314 158,738
General and administrative expenses 7,069 6,974 23,973 25,217
Total operating expenses 99,601 118,675 327,678 354,651
Gain on sale of real estate        
Net gain on disposition of real estate 271,901 356 274,487 356
Net gain on sale of undepreciated real estate 0 250 201 1,501
Total gain on sale of real estate 271,901 606 274,688 1,857
Operating income 298,406 27,262 355,041 80,584
Other income (expense):        
Interest income 467 558 1,487 1,636
Interest expense (16,310) (20,400) (56,510) (61,273)
Interest expense - amortization of deferred financing costs (715) (694) (2,195) (2,026)
Equity in loss of Real Estate Ventures (5,788) (1,965) (9,882) (4,814)
Net gain on real estate venture transactions 75 2,059 75 3,594
Net income before income taxes 276,135 6,820 288,016 17,701
Income tax (provision) benefit (2) 0 224 (46)
Net income 276,133 6,820 288,240 17,655
Net (income) loss attributable to noncontrolling interests - consolidated real estate ventures 2 (11) (20) (58)
Net income attributable to Brandywine Operating Partnership 276,135 6,809 288,220 17,597
Nonforfeitable dividends allocated to unvested restricted shareholders (93) (93) (317) (305)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 276,042 $ 6,716 $ 287,903 $ 17,292
Basic income per Common Share (in dollars per share) $ 1.61 $ 0.04 $ 1.66 $ 0.10
Diluted income per Common Share (in dollars per share) $ 1.60 $ 0.04 $ 1.66 $ 0.10
Basic weighted average shares outstanding (in shares) 171,554,662 177,176,870 173,362,044 177,048,621
Diluted weighted average shares outstanding (in shares) 172,008,126 177,732,226 173,717,070 177,599,840
Rents        
Revenue        
Revenue $ 121,277 $ 139,228 $ 392,661 $ 415,113
Rents | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Revenue 121,277 139,228 392,661 415,113
Third party management fees, labor reimbursement and leasing        
Revenue        
Service and other revenue 4,324 4,938 13,339 14,041
Third party management fees, labor reimbursement and leasing | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue 4,324 4,938 13,339 14,041
Other        
Revenue        
Service and other revenue 505 1,165 2,031 4,224
Other | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue $ 505 $ 1,165 $ 2,031 $ 4,224