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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate investments:    
Operating properties $ 3,545,102 $ 3,472,602
Accumulated depreciation (1,009,108) (957,450)
Right of use asset - operating leases, net 19,988 20,313
Operating real estate investments, net 2,555,982 2,535,465
Construction-in-progress 366,823 277,237
Land held for development 93,887 114,604
Prepaid leasehold interests in land held for development, net 35,576 27,762
Total real estate investments, net 3,052,268 2,955,068
Assets held for sale, net 0 562
Cash and cash equivalents 28,849 27,463
Accounts receivable 13,584 11,875
Accrued rent receivable, net of allowance of $4,049 and $4,133 as of June 30, 2022 and December 31, 2021, respectively 172,076 167,210
Investment in unconsolidated real estate ventures 458,840 435,506
Deferred costs, net 93,570 86,862
Intangible assets, net 23,015 28,556
Other assets 124,486 133,094
Total assets 3,966,688 3,846,196
LIABILITIES AND BENEFICIARIES' EQUITY    
Unsecured credit facility 214,000 23,000
Unsecured term loan, net 248,047 249,608
Unsecured senior notes, net 1,580,712 1,580,978
Accounts payable and accrued expenses 131,669 150,151
Distributions payable 32,800 32,765
Deferred income, gains and rent 21,195 23,849
Intangible liabilities, net 11,277 12,981
Lease liability - operating leases 23,066 22,962
Other liabilities 52,359 48,683
Total liabilities 2,315,125 2,144,977
Commitments and contingencies (See Note 14)
Brandywine Realty Trust's Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 171,575,280 and 171,126,257 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 1,716 1,712
Additional paid-in-capital 3,149,146 3,146,786
Deferred compensation payable in common shares 19,601 18,491
Common shares in grantor trust, 1,202,385 and 1,169,703 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively (19,601) (18,491)
Cumulative earnings 1,133,102 1,122,372
Accumulated other comprehensive income (loss) 3,849 (2,020)
Cumulative distributions (2,643,999) (2,578,583)
Total Brandywine Realty Trust's equity 1,643,814 1,690,267
Noncontrolling interests 7,749 10,952
Total beneficiaries' equity 1,651,563 1,701,219
Total liabilities and beneficiaries' equity $ 3,966,688 $ 3,846,196