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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue      
Total revenue $ 506,100 $ 486,819 $ 534,852
Operating expenses      
Property operating expenses 130,209 121,890 132,172
Real estate taxes 53,645 53,621 63,032
Third party management expenses 10,547 12,800 10,252
Depreciation and amortization 177,984 178,105 188,283
General and administrative expenses 35,006 30,153 30,288
Provision for impairment 4,663 0 0
Total operating expenses 412,054 396,569 424,027
Gain on sale of real estate      
Net gain on disposition of real estate 17,677 142 289,461
Net gain on sale of undepreciated real estate 8,007 2,903 201
Total gain on sale of real estate 25,684 3,045 289,662
Operating income 119,730 93,295 400,487
Other income (expense):      
Interest and investment income 1,905 8,295 1,939
Interest expense (68,764) (62,617) (73,911)
Interest expense - amortization of deferred financing costs (3,091) (2,836) (2,904)
Equity in loss of unconsolidated real estate ventures (22,016) (26,697) (18,584)
Net gain on real estate venture transactions 26,718 2,973 75
Loss on early extinguishment of debt (435) 0 0
Net income before income taxes 54,047 12,413 307,102
Income tax (provision) benefit (55) (47) 224
Net income 53,992 12,366 307,326
Net income attributable to noncontrolling interests (168) (77) (1,799)
Net income attributable to Brandywine Realty Trust 53,824 12,289 305,527
Nonforfeitable dividends allocated to unvested restricted shareholders (456) (421) (410)
Net income attributable to Common Shareholders, Basic $ 53,368 $ 11,868 $ 305,117
Basic income per Common Share (in dollars per shares) $ 0.31 $ 0.07 $ 1.77
Diluted income per Common Share (in dollars per share) $ 0.31 $ 0.07 $ 1.77
Basic weighted average shares outstanding (in shares) 171,491,369 170,878,185 171,926,079
Diluted weighted average shares outstanding (in shares) 172,325,646 172,273,240 172,317,076
Rents      
Revenue      
Total revenue $ 470,851 $ 451,519 $ 513,504
Third party management fees, labor reimbursement and leasing      
Revenue      
Total revenue 24,132 26,444 18,580
Other      
Revenue      
Total revenue $ 11,117 $ 8,856 $ 2,768