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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Total revenue $ 129,227 $ 127,505
Operating expenses    
Property operating expenses 33,594 31,548
Real estate taxes 14,602 13,813
Third party management expenses 2,639 2,557
Depreciation and amortization 45,600 43,782
General and administrative expenses 9,482 10,000
Total operating expenses 105,917 101,700
Gain on sale of real estate    
Net gain on sale of undepreciated real estate 781 897
Total gain on sale of real estate 781 897
Operating income 24,091 26,702
Other income (expense):    
Interest and investment income 505 440
Interest expense (22,653) (15,742)
Interest expense - amortization of deferred financing costs (1,027) (709)
Equity in loss of unconsolidated real estate ventures (6,167) (4,563)
Net income (loss) before income taxes (5,251) 6,128
Income tax provision (25) (27)
Net income (loss) (5,276) 6,101
Net (income) loss attributable to noncontrolling interests 17 (8)
Net income (loss) attributable to Brandywine Realty Trust (5,259) 6,093
Nonforfeitable dividends allocated to unvested restricted shareholders (70) (148)
Net income (loss) attributable to common shareholders, basic $ (5,329) $ 5,945
Basic income (loss) per Common Share (in dollars per share) $ (0.03) $ 0.03
Diluted income (loss) per Common Share (in dollars per share) $ (0.03) $ 0.03
Basic weighted average shares outstanding (in shares) 171,673,167 171,294,949
Diluted weighted average shares outstanding (in shares) 171,673,167 172,888,994
Rents    
Revenue    
Total revenue $ 120,848 $ 115,901
Third party management fees, labor reimbursement and leasing    
Revenue    
Total revenue 6,002 5,108
Other    
Revenue    
Total revenue $ 2,377 $ 6,496