Partners Equity of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	21,271		$	21,271		$	46,310		$	46,310
Net income from continuing operations attributable to non-controlling interests		(169	)		(169	)		(389	)		(389	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(99	)		(99	)		(105	)		(105	)
Preferred share dividends		(1,725	)		(1,725	)		(1,725	)		(1,725	)
Net income attributable to common shareholders	$	19,278		$	19,278		$	44,091		$	44,091
Denominator
Weighted-average shares outstanding		175,176,964			175,176,964			174,788,945			174,788,945
Contingent securities/Share based compensation		-			1,024,908			-			682,468
Weighted-average shares outstanding		175,176,964			176,201,872			174,788,945			175,471,413
Earnings per Common Share:
Net income attributable to common shareholders	$	0.11		$	0.11		$	0.25		$	0.25

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 March 31,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	21,271		$	21,271		$	46,310		$	46,310
Nonforfeitable dividends allocated to unvested restricted unitholders		(99	)		(99	)		(105	)		(105	)
Preferred unit dividends		(1,725	)		(1,725	)		(1,725	)		(1,725	)
Net income attributable to non-controlling interests		(5	)		(5	)		(2	)		(2	)
Net income attributable to common unitholders	$	19,442		$	19,442		$	44,478		$	44,478
Denominator
Weighted-average units outstanding		176,656,763			176,656,763			176,324,047			176,324,047
Contingent securities/Share based compensation		-			1,024,908			-			682,468
Total weighted-average units outstanding		176,656,763			177,681,671			176,324,047			177,006,515
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.11		$	0.11		$	0.25		$	0.25