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CONSOLIDATED STATEMENTS OF OPERATIONS - BRANDYWINE OPERATING PARTNERSHIP, L.P. - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Total revenue $ 486,819 $ 534,852 $ 580,417
Operating expenses      
Property operating expenses 121,890 132,172 154,361
Real estate taxes 53,621 63,032 62,237
Third party management expenses 12,800 10,252 9,248
Depreciation and amortization 178,105 188,283 210,005
General and administrative expenses 30,153 30,288 32,156
Total operating expenses 396,569 424,027 468,007
Gain on sale of real estate      
Net gain on disposition of real estate 142 289,461 356
Net gain on sale of undepreciated real estate 2,903 201 2,020
Total gain on sale of real estate 3,045 289,662 2,376
Operating income 93,295 400,487 114,786
Other income (expense):      
Interest and investment income 8,295 1,939 2,318
Interest expense (62,617) (73,911) (81,512)
Interest expense - amortization of deferred financing costs (2,836) (2,904) (2,768)
Equity in income (loss) of real estate venture (26,697) (18,584) (9,922)
Net gain on real estate venture transactions 2,973 75 11,639
Net income before income taxes 12,413 307,102 34,541
Income tax (provision) benefit (47) 224 (12)
Net income 12,366 307,326 34,529
Nonforfeitable dividends allocated to unvested restricted shareholders (421) (410) (396)
Net income attributable to Common Shareholders/ Unitholders of Brandywine Realty Trust $ 11,868 $ 305,117 $ 33,871
Basic income per Common Partnership Unit (in dollars per share) $ 0.07 $ 1.77 $ 0.19
Diluted income per Common Partnership Unit (in dollars per share) $ 0.07 $ 1.77 $ 0.19
Basic weighted average common partnership units outstanding (in shares) 170,878,185 171,926,079 176,132,941
Diluted weighted average common partnership units outstanding (in shares) 172,273,240 172,317,076 176,686,813
Rents      
Revenue      
Total revenue $ 451,519 $ 513,504 $ 554,665
Third party management fees, labor reimbursement and leasing      
Revenue      
Total revenue 26,444 18,580 19,626
Other      
Revenue      
Total revenue 8,856 2,768 6,126
BRANDYWINE OPERATING PARTNERSHIP, L.P.      
Revenue      
Total revenue 486,819 534,852 580,417
Operating expenses      
Property operating expenses 121,890 132,172 154,361
Real estate taxes 53,621 63,032 62,237
Third party management expenses 12,800 10,252 9,248
Depreciation and amortization 178,105 188,283 210,005
General and administrative expenses 30,153 30,288 32,156
Total operating expenses 396,569 424,027 468,007
Gain on sale of real estate      
Net gain on disposition of real estate 142 289,461 356
Net gain on sale of undepreciated real estate 2,903 201 2,020
Total gain on sale of real estate 3,045 289,662 2,376
Operating income 93,295 400,487 114,786
Other income (expense):      
Interest and investment income 8,295 1,939 2,318
Interest expense (62,617) (73,911) (81,512)
Interest expense - amortization of deferred financing costs (2,836) (2,904) (2,768)
Equity in income (loss) of real estate venture (26,697) (18,584) (9,922)
Net gain on real estate venture transactions 2,973 75 11,639
Net income before income taxes 12,413 307,102 34,541
Income tax (provision) benefit (47) 224 (12)
Net income 12,366 307,326 34,529
Net (income) loss attributable to noncontrolling interests - consolidated real estate ventures 3 (20) (69)
Net income attributable to Brandywine Operating Partnership 12,369 307,306 34,460
Nonforfeitable dividends allocated to unvested restricted shareholders (421) (410) (396)
Net income attributable to Common Shareholders/ Unitholders of Brandywine Realty Trust $ 11,948 $ 306,896 $ 34,064
Basic income per Common Partnership Unit (in dollars per share) $ 0.07 $ 1.77 $ 0.19
Diluted income per Common Partnership Unit (in dollars per share) $ 0.07 $ 1.77 $ 0.19
Basic weighted average common partnership units outstanding (in shares) 171,770,843 172,907,713 177,114,932
Diluted weighted average common partnership units outstanding (in shares) 173,165,898 173,298,710 177,668,804
BRANDYWINE OPERATING PARTNERSHIP, L.P. | Rents      
Revenue      
Total revenue $ 451,519 $ 513,504 $ 554,665
BRANDYWINE OPERATING PARTNERSHIP, L.P. | Third party management fees, labor reimbursement and leasing      
Revenue      
Total revenue 26,444 18,580 19,626
BRANDYWINE OPERATING PARTNERSHIP, L.P. | Other      
Revenue      
Total revenue $ 8,856 $ 2,768 $ 6,126