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CONSOLIDATED STATEMENTS OF OPERATIONS - 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
Net income attributable to noncontrolling interests (77) (1,799) (262)
Net income attributable to Brandywine Realty Trust 12,289 305,527 34,267
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 Share (in dollars per shares) $ 0.07 $ 1.77 $ 0.19
Diluted income per Common Share (in dollars per share) $ 0.07 $ 1.77 $ 0.19
Basic weighted average shares outstanding (in shares) 170,878,185 171,926,079 176,132,941
Diluted weighted average shares 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