XML 17 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Real estate investments:    
Operating properties $ 3,721,405 $ 3,693,000
Accumulated depreciation (877,236) (867,035)
Operating real estate investments, net 2,844,169 2,825,965
Construction-in-progress 254,188 268,983
Land held for development 131,015 130,479
Total real estate investments, net 3,229,372 3,225,427
Assets held for sale, net 12,308 584,365
Cash and cash equivalents 265,597 56,694
Accounts receivable, net of allowance of $2,221 and $1,736 in 2016 and 2015, respectively 14,804 17,126
Accrued rent receivable, net of allowance of $13,144 and $14,442 in 2016 and 2015, respectively 138,981 145,092
Investment in Real Estate Ventures, equity method 272,148 241,004
Deferred costs, net of accumulated amortization of $57,673 and $67,899, respectively 94,373 101,419
Intangible assets, net 90,014 111,623
Other assets 63,591 71,761
Total assets 4,181,188 4,554,511
LIABILITIES AND EQUITY    
Mortgage notes payable, net 344,308 545,753
Unsecured term loans, net 247,933 247,800
Unsecured senior notes, net 1,442,380 1,591,164
Accounts payable and accrued expenses 91,425 99,856
Distributions payable 29,880 28,249
Deferred income, gains and rent 31,171 30,413
Acquired lease intangibles, net 21,413 25,655
Liabilities related to assets held for sale 11 2,151
Other liabilities 42,841 31,379
Total liabilities 2,251,362 2,602,420
Commitments and contingencies
Equity:    
6.90% Series E Preferred Shares, $0.01 par value; issued and outstanding- 4,000,000 in 2016 and 2015 40 40
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 175,101,033 and 174,688,568 issued and outstanding in 2016 and 2015, respectively 1,751 1,747
Additional paid-in-capital 3,256,735 3,252,622
Deferred compensation payable in common shares 13,744 11,918
Common shares in grantor trust, 901,269 in 2016, 745,686 in 2015 (13,744) (11,918)
Cumulative earnings 543,743 499,086
Accumulated other comprehensive loss (17,769) (5,192)
Cumulative distributions (1,872,100) (1,814,378)
Total Brandywine Realty Trust's equity 1,912,400 1,933,925
Non-controlling interests 17,426 18,166
Total beneficiaries' equity 1,929,826 1,952,091
Total liabilities and beneficiaries' equity 4,181,188 4,554,511
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,721,405 3,693,000
Accumulated depreciation (877,236) (867,035)
Operating real estate investments, net 2,844,169 2,825,965
Construction-in-progress 254,188 268,983
Land held for development 131,015 130,479
Total real estate investments, net 3,229,372 3,225,427
Assets held for sale, net 12,308 584,365
Cash and cash equivalents 265,597 56,694
Accounts receivable, net of allowance of $2,221 and $1,736 in 2016 and 2015, respectively 14,804 17,126
Accrued rent receivable, net of allowance of $13,144 and $14,442 in 2016 and 2015, respectively 138,981 145,092
Investment in Real Estate Ventures, equity method 272,148 241,004
Deferred costs, net of accumulated amortization of $57,673 and $67,899, respectively 94,373 101,419
Intangible assets, net 90,014 111,623
Other assets 63,591 71,761
Total assets 4,181,188 4,554,511
LIABILITIES AND EQUITY    
Mortgage notes payable, net 344,308 545,753
Unsecured term loans, net 247,933 247,800
Unsecured senior notes, net 1,442,380 1,591,164
Accounts payable and accrued expenses 91,425 99,856
Distributions payable 29,880 28,249
Deferred income, gains and rent 31,171 30,413
Acquired lease intangibles, net 21,413 25,655
Liabilities related to assets held for sale 11 2,151
Other liabilities 42,841 31,379
Total liabilities 2,251,362 2,602,420
Commitments and contingencies
Redeemable limited partnership units at redemption value; 1,479,799 and 1,535,102 issued and outstanding in 2016 and 2015, respectively 24,097 22,114
Equity:    
6.90% Series E Preferred Shares, $0.01 par value; issued and outstanding- 4,000,000 in 2016 and 2015 96,850 96,850
General Partnership Capital 175,101,033 and 174,688,568 units issued and outstanding in 2016 and 2015, respectively 1,825,070 1,836,692
Accumulated other comprehensive loss (18,283) (5,597)
Total Brandywine Operating Partnership, L.P.'s equity 1,903,637 1,927,945
Non-controlling interest - consolidated real estate ventures 2,092 2,032
Total partners' equity 1,905,729 1,929,977
Total liabilities and beneficiaries' equity $ 4,181,188 $ 4,554,511