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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Total revenue $ 126,484 $ 129,227
Operating expenses    
Property operating expenses 32,279 33,594
Real estate taxes 12,592 14,602
Third party management expenses 2,543 2,639
Depreciation and amortization 45,042 45,600
General and administrative expenses 11,104 9,482
Total operating expenses 103,560 105,917
Gain on sale of real estate    
Net gain on sale of undepreciated real estate 0 781
Total gain on sale of real estate 0 781
Operating income 22,924 24,091
Other income (expense):    
Interest and investment income 421 505
Interest expense (25,049) (22,653)
Interest expense - amortization of deferred financing costs (1,091) (1,027)
Equity in loss of unconsolidated real estate ventures (13,588) (6,167)
Net loss on real estate venture transactions (29) 0
Net loss before income taxes (16,412) (5,251)
Income tax provision (2) (25)
Net loss (16,414) (5,276)
Net loss attributable to noncontrolling interests 46 17
Net loss attributable to Brandywine Realty Trust (16,368) (5,259)
Nonforfeitable dividends allocated to unvested restricted shareholders (336) (70)
Net loss attributable to Common Shareholders of Brandywine Realty Trust $ (16,704) $ (5,329)
Basic loss per Common Share (in dollars per share) $ (0.10) $ (0.03)
Diluted loss per Common Share (in dollars per share) $ (0.10) $ (0.03)
Basic weighted average shares outstanding (in shares) 172,207,037 171,673,167
Diluted weighted average shares outstanding (in shares) 172,207,037 171,673,167
Rents    
Revenue    
Total revenue $ 119,008 $ 120,848
Third party management fees, labor reimbursement and leasing    
Revenue    
Total revenue 5,894 6,002
Other    
Revenue    
Total revenue $ 1,582 $ 2,377