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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate investments:    
Operating properties $ 3,542,232 $ 3,617,240
Accumulated depreciation (1,131,792) (1,063,060)
Right of use asset - operating leases, net 19,031 19,664
Operating real estate investments, net 2,429,471 2,573,844
Construction-in-progress 135,529 218,869
Land held for development 82,510 76,499
Prepaid leasehold interests in land held for development, net 27,762 35,576
Total real estate investments, net 2,675,272 2,904,788
Cash and cash equivalents 58,319 17,551
Restricted cash and escrows 9,215 0
Accounts receivable 11,977 11,003
Accrued rent receivable, net of allowance of $2,672 and $3,947 as of December 31, 2023 and December 31, 2022, respectively 186,708 179,771
Investment in unconsolidated real estate ventures 601,227 567,635
Deferred costs, net 95,984 96,639
Intangible assets, net 7,694 18,451
Other assets 86,051 78,667
Total assets 3,732,447 3,874,505
LIABILITIES AND BENEFICIARIES' EQUITY    
Secured term loan, net 255,671 0
Unsecured credit facility 0 88,500
Unsecured term loan, net 318,499 248,168
Unsecured senior notes, net 1,564,662 1,628,370
Accounts payable and accrued expenses 123,825 132,440
Distributions payable 26,017 32,792
Deferred income, gains and rent 24,248 25,082
Intangible liabilities, net 8,270 10,322
Lease liability - operating leases 23,369 23,166
Other liabilities 63,729 52,331
Total liabilities 2,408,290 2,241,171
Commitments and contingencies (See Note 20)
Brandywine Realty Trust's Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 172,097,661 and 171,569,807 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 1,719 1,716
Additional paid-in-capital 3,163,949 3,153,229
Deferred compensation payable in common shares 19,965 19,601
Common shares in grantor trust, 1,194,127 and 1,179,643 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively (19,965) (19,601)
Cumulative earnings 979,406 1,176,195
Accumulated other comprehensive income (loss) (668) 3,897
Cumulative distributions (2,827,022) (2,709,405)
Total Brandywine Realty Trust's equity 1,317,384 1,625,632
Noncontrolling interests 6,773 7,702
Total beneficiaries' equity 1,324,157 1,633,334
Total liabilities and beneficiaries' equity $ 3,732,447 $ 3,874,505