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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Real estate investments:    
Operating properties $ 3,702,204 $ 3,586,295
Accumulated depreciation (864,196) (852,476)
Operating real estate investments, net 2,838,008 2,733,819
Construction-in-progress 166,372 297,462
Land held for development 153,268 150,970
Total real estate investments, net 3,157,648 3,182,251
Assets held for sale, net 6,262 41,718
Cash and cash equivalents 234,654 193,919
Accounts receivable, net of allowance of $2,622 and $2,373 in 2017 and 2016, respectively 12,099 12,446
Accrued rent receivable, net of allowance of $13,703 and $13,743 in 2017 and 2016, respectively 152,819 149,624
Investment in Real Estate Ventures, equity method 264,941 281,331
Deferred costs, net 92,425 91,342
Intangible assets, net 64,222 72,478
Other assets 116,792 74,104
Total assets 4,101,862 4,099,213
LIABILITIES AND EQUITY    
Mortgage notes payable, net 320,484 321,549
Unsecured term loans, net 248,181 248,099
Unsecured senior notes, net 1,444,006 1,443,464
Accounts payable and accrued expenses 115,079 103,404
Distributions payable 30,047 30,032
Deferred income, gains and rent 30,592 31,620
Acquired lease intangibles, net 16,604 18,119
Liabilities related to assets held for sale 387 81
Other liabilities 16,916 19,408
Total liabilities 2,222,296 2,215,776
Commitments and contingencies
Equity:    
6.90% Series E Preferred Shares, $0.01 par value; issued and outstanding- 4,000,000 in 2017 and 2016 40 40
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 175,202,404 and 175,140,760 issued and outstanding in 2017 and 2016, respectively 1,752 1,752
Additional paid-in-capital 3,262,459 3,258,870
Deferred compensation payable in common shares 14,244 13,684
Common shares in grantor trust, 936,939 in 2017, 899,457 in 2016 (14,244) (13,684)
Cumulative earnings 560,422 539,319
Accumulated other comprehensive loss (457) (1,745)
Cumulative distributions (1,961,739) (1,931,892)
Total Brandywine Realty Trust's equity 1,862,477 1,866,344
Non-controlling interests 17,089 17,093
Total beneficiaries' equity 1,879,566 1,883,437
Total liabilities and beneficiaries' equity 4,101,862 4,099,213
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,702,204 3,586,295
Accumulated depreciation (864,196) (852,476)
Operating real estate investments, net 2,838,008 2,733,819
Construction-in-progress 166,372 297,462
Land held for development 153,268 150,970
Total real estate investments, net 3,157,648 3,182,251
Assets held for sale, net 6,262 41,718
Cash and cash equivalents 234,654 193,919
Accounts receivable, net of allowance of $2,622 and $2,373 in 2017 and 2016, respectively 12,099 12,446
Accrued rent receivable, net of allowance of $13,703 and $13,743 in 2017 and 2016, respectively 152,819 149,624
Investment in Real Estate Ventures, equity method 264,941 281,331
Deferred costs, net 92,425 91,342
Intangible assets, net 64,222 72,478
Other assets 116,792 74,104
Total assets 4,101,862 4,099,213
LIABILITIES AND EQUITY    
Mortgage notes payable, net 320,484 321,549
Unsecured term loans, net 248,181 248,099
Unsecured senior notes, net 1,444,006 1,443,464
Accounts payable and accrued expenses 115,079 103,404
Distributions payable 30,047 30,032
Deferred income, gains and rent 30,592 31,620
Acquired lease intangibles, net 16,604 18,119
Liabilities related to assets held for sale 387 81
Other liabilities 16,916 19,408
Total liabilities 2,222,296 2,215,776
Commitments and contingencies
Redeemable limited partnership units at redemption value; 1,479,799 issued and outstanding in 2017 and 2016 23,899 23,795
Equity:    
6.90% Series E Preferred Shares, $0.01 par value; issued and outstanding- 4,000,000 in 2017 and 2016 96,850 96,850
General Partnership Capital 175,101,033 and 174,688,568 units issued and outstanding in 2016 and 2015, respectively 1,757,455 1,762,764
Accumulated other comprehensive loss (822) (2,122)
Total Brandywine Operating Partnership, L.P.'s equity 1,853,483 1,857,492
Non-controlling interest - consolidated real estate ventures 2,184 2,150
Total partners' equity 1,855,667 1,859,642
Total liabilities and beneficiaries' equity $ 4,101,862 $ 4,099,213