Partners Equity of the Operating Partnership (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

	Three-month periods ended September 30,
	2016						2015
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	7,884		$	7,884		$	20,308		$	20,308
Net income from continuing operations attributable to non-controlling interests		(58	)		(58	)		(161	)		(161	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(79	)		(79	)		(76	)		(76	)
Preferred share dividends		(1,725	)		(1,725	)		(1,725	)		(1,725	)
Net income attributable to common shareholders	$	6,022		$	6,022		$	18,346		$	18,346
Denominator
Weighted-average shares outstanding		175,127,110			175,127,110			178,188,037			178,188,037
Contingent securities/Share based compensation		-			1,237,505			-			588,647
Weighted-average shares outstanding		175,127,110			176,364,615			178,188,037			178,776,684
Earnings per Common Share:
Net income attributable to common shareholders	$	0.03		$	0.03		$	0.10		$	0.10

	Nine-month periods ended September 30,
	2016						2015
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	52,871		$	52,871		$	31,960		$	31,960
Net income from continuing operations attributable to non-controlling interests		(425	)		(425	)		(221	)		(221	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(263	)		(263	)		(253	)		(253	)
Preferred share dividends		(5,175	)		(5,175	)		(5,175	)		(5,175	)
Net income attributable to common shareholders	$	47,008		$	47,008		$	26,311		$	26,311
Denominator
Weighted-average shares outstanding		174,976,998			174,976,998			179,198,714			179,198,714
Contingent securities/Share based compensation		-			1,032,824			-			789,778
Weighted-average shares outstanding		174,976,998			176,009,822			179,198,714			179,988,492
Earnings per Common Share:
Net income attributable to common shareholders	$	0.27		$	0.27		$	0.15		$	0.15

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):

	Three-month periods ended September 30,
	2016						2015
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	7,884		$	7,884		$	20,308		$	20,308
Nonforfeitable dividends allocated to unvested restricted unitholders		(79	)		(79	)		(76	)		(76	)
Preferred unit dividends		(1,725	)		(1,725	)		(1,725	)		(1,725	)
Net income attributable to non-controlling interests		(6	)		(6	)		(1	)		(1	)
Net income attributable to common unitholders	$	6,074		$	6,074		$	18,506		$	18,506
Denominator
Weighted-average units outstanding		176,606,909			176,606,909			179,723,139			179,723,139
Contingent securities/Share based compensation		-			1,237,505			-			588,647
Total weighted-average units outstanding		176,606,909			177,844,414			179,723,139			180,311,786
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.03		$	0.03		$	0.10		$	0.10

	Nine-month periods ended September 30,
	2016						2015
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	52,871		$	52,871		$	31,960		$	31,960
Nonforfeitable dividends allocated to unvested restricted unitholders		(263	)		(263	)		(253	)		(253	)
Preferred unit dividends		(5,175	)		(5,175	)		(5,175	)		(5,175	)
Net (income) loss attributable to non-controlling interests		(12	)		(12	)		4			4
Net income attributable to common unitholders	$	47,421		$	47,421		$	26,536		$	26,536
Denominator
Weighted-average units outstanding		176,491,311			176,491,311			180,733,816			180,733,816
Contingent securities/Share based compensation		-			1,032,824			-			789,778
Total weighted-average units outstanding		176,491,311			177,524,135			180,733,816			181,523,594
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.27		$	0.27		$	0.15		$	0.15