XML 23 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Real estate investments:    
Operating properties $ 3,472,602 $ 3,474,109
Accumulated depreciation (957,450) (896,561)
Right of use asset - operating leases, net 20,313 20,977
Operating real estate investments, net 2,535,465 2,598,525
Construction-in-progress 277,237 210,311
Land held for development 114,604 117,984
Prepaid leasehold interests in land held for development, net 27,762 39,185
Total real estate investments, net 2,955,068 2,966,005
Assets held for sale, net 562 7,349
Cash and cash equivalents 27,463 46,344
Accounts receivable 11,875 13,536
Accrued rent receivable, net of allowance of $4,133 and $5,086 as of December 31, 2021 and December 31, 2020, respectively 167,210 155,372
Investment in unconsolidated real estate ventures 435,506 401,327
Deferred costs, net 86,862 84,856
Intangible assets, net 28,556 48,570
Other assets 133,094 176,747
Total assets 3,846,196 3,900,106
LIABILITIES AND BENEFICIARIES' EQUITY    
Unsecured credit facility 23,000 0
Unsecured term loan, net 249,608 249,084
Unsecured senior notes, net 1,580,978 1,581,511
Accounts payable and accrued expenses 150,151 121,982
Distributions payable 32,765 32,706
Deferred income, gains and rent 23,849 21,396
Intangible liabilities, net 12,981 18,448
Lease liability - operating leases 22,962 22,758
Other liabilities 48,683 47,573
Total liabilities 2,144,977 2,095,458
Commitments and contingencies (See Note 20)
Brandywine Operating Partnership, L.P.'s equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 171,126,257 and 170,572,964 issued and outstanding as of December 31, 2021 and December 31, 2020, respectively 1,712 1,707
Additional paid-in-capital 3,146,786 3,138,152
Deferred compensation payable in common shares 18,491 17,516
Common shares in grantor trust, 1,169,703 and 1,160,494 issued and outstanding as of December 31, 2021 and December 31, 2020, respectively (18,491) (17,516)
Cumulative earnings 1,122,372 1,110,083
Accumulated other comprehensive loss (2,020) (7,561)
Cumulative distributions (2,578,583) (2,448,238)
Total Brandywine Realty Trust's equity 1,690,267 1,794,143
Noncontrolling interests 10,952 10,505
Total beneficiaries' equity 1,701,219 1,804,648
Total liabilities and partners' equity $ 3,846,196 $ 3,900,106