XML 19 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Rents $ 103,332 $ 110,163
Tenant reimbursements 18,535 20,054
Termination fees 1,673 294
Third party management fees, labor reimbursement and leasing 6,485 5,235
Other 895 756
Total revenue 130,920 136,502
Operating expenses    
Property operating expenses 36,885 40,879
Real estate taxes 11,749 11,886
Third party management expenses 2,447 2,010
Depreciation and amortization 45,892 48,873
General and administrative expenses 9,425 9,120
Provision for impairment 2,730 7,390
Total operating expenses 109,128 120,158
Operating income 21,792 16,344
Other income (expense)    
Interest income 393 320
Interest expense (21,437) (23,691)
Interest expense - amortization of deferred financing costs (634) (774)
Interest expense - financing obligation 0 (281)
Equity in loss of Real Estate Ventures (748) (403)
Net gain on disposition of real estate 7,323 115,456
Net gain on Real Estate Venture transactions 14,582 5,929
Loss on early extinguishment of debt 0 (66,590)
Net income 21,271 46,310
Net income from continuing operations attributable to non-controlling interests - consolidated real estate ventures (169) (389)
Net income attributable to non-controlling interests (169) (389)
Net income attributable to Brandywine Realty Trust 21,102 45,921
Distribution to preferred shareholders (1,725) (1,725)
Nonforfeitable dividends allocated to unvested restricted shareholders (99) (105)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 19,278 $ 44,091
Basic income per Common Share:    
Continuing operations $ 0.11 $ 0.25
Diluted income per Common Share:    
Continuing operations $ 0.11 $ 0.25
Basic weighted average shares outstanding 175,176,964 174,788,945
Diluted weighted average shares outstanding 176,201,872 175,471,413
Distributions declared per Common Share $ 0.16 $ 0.15
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Revenue    
Rents $ 103,332 $ 110,163
Tenant reimbursements 18,535 20,054
Termination fees 1,673 294
Third party management fees, labor reimbursement and leasing 6,485 5,235
Other 895 756
Total revenue 130,920 136,502
Operating expenses    
Property operating expenses 36,885 40,879
Real estate taxes 11,749 11,886
Third party management expenses 2,447 2,010
Depreciation and amortization 45,892 48,873
General and administrative expenses 9,425 9,120
Provision for impairment 2,730 7,390
Total operating expenses 109,128 120,158
Operating income 21,792 16,344
Other income (expense)    
Interest income 393 320
Interest expense (21,437) (23,691)
Interest expense - amortization of deferred financing costs (634) (774)
Interest expense - financing obligation 0 (281)
Equity in loss of Real Estate Ventures (748) (403)
Net gain on disposition of real estate 7,323 115,456
Net gain on Real Estate Venture transactions 14,582 5,929
Loss on early extinguishment of debt 0 (66,590)
Net income 21,271 46,310
Net income from continuing operations attributable to non-controlling interests - consolidated real estate ventures (5) (2)
Net income attributable to Brandywine Realty Trust 21,266 46,308
Distribution to preferred shareholders (1,725) (1,725)
Nonforfeitable dividends allocated to unvested restricted shareholders (99) (105)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 19,442 $ 44,478
Basic income per Common Share:    
Continuing operations $ 0.11 $ 0.25
Diluted income per Common Share:    
Continuing operations $ 0.11 $ 0.25
Basic weighted average shares outstanding 176,656,763 176,324,047
Diluted weighted average shares outstanding 177,681,671 177,006,515
Distributions declared per Common Share $ 0.16 $ 0.15