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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Real estate investments:    
Operating properties $ 3,769,678 $ 3,586,295
Accumulated depreciation (882,228) (852,476)
Operating real estate investments, net 2,887,450 2,733,819
Construction-in-progress 119,690 297,462
Land held for development [1] 125,157 150,970
Total real estate investments, net 3,132,297 3,182,251
Assets held for sale, net 5,569 41,718
Cash and cash equivalents 37,900 193,919
Accounts receivable, net of allowance of $2,936 and $2,373 as of June 30, 2017 and December 31, 2016, respectively 13,151 12,446
Accrued rent receivable, net of allowance of $13,857 and $13,743 as of June 30, 2017 and December 31, 2016, respectively 158,420 149,624
Investment in Real Estate Ventures, equity method 262,107 281,331
Deferred costs, net 93,410 91,342
Intangible assets, net 59,410 72,478
Other assets 110,185 74,104
Total assets 3,872,449 4,099,213
LIABILITIES AND EQUITY    
Mortgage notes payable, net 319,405 321,549
Unsecured credit facility 200,000 0
Unsecured term loans, net 248,264 248,099
Unsecured senior notes, net 1,144,503 1,443,464
Accounts payable and accrued expenses 99,904 103,404
Distributions payable 28,376 30,032
Deferred income, gains and rent 40,764 31,620
Acquired lease intangibles, net 15,989 18,119
Liabilities related to assets held for sale 0 81
Other liabilities 17,521 19,408
Total liabilities 2,114,726 2,215,776
Commitments and contingencies
Equity:    
6.90% Series E Preferred Shares, $0.01 par value; issued and outstanding- 0 as of June 30, 2017 and 4,000,000 as of December 31, 2016 0 40
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 175,389,815 and 175,140,760 issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 1,754 1,752
Additional paid-in-capital 3,165,935 3,258,870
Deferred compensation payable in common shares 14,107 13,684
Common shares in grantor trust, 1,000,966 as of June 30, 2017, 899,457 as of December 31, 2016 (14,107) (13,684)
Cumulative earnings 568,078 539,319
Accumulated other comprehensive loss (1,528) (1,745)
Cumulative distributions (1,993,419) (1,931,892)
Total Brandywine Realty Trust's equity 1,740,820 1,866,344
Non-controlling interests 16,903 17,093
Total beneficiaries' equity 1,757,723 1,883,437
Total liabilities and beneficiaries' equity 3,872,449 4,099,213
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,769,678 3,586,295
Accumulated depreciation (882,228) (852,476)
Operating real estate investments, net 2,887,450 2,733,819
Construction-in-progress 119,690 297,462
Land held for development 125,157 150,970
Total real estate investments, net 3,132,297 3,182,251
Assets held for sale, net 5,569 41,718
Cash and cash equivalents 37,900 193,919
Accounts receivable, net of allowance of $2,936 and $2,373 as of June 30, 2017 and December 31, 2016, respectively 13,151 12,446
Accrued rent receivable, net of allowance of $13,857 and $13,743 as of June 30, 2017 and December 31, 2016, respectively 158,420 149,624
Investment in Real Estate Ventures, equity method 262,107 281,331
Deferred costs, net 93,410 91,342
Intangible assets, net 59,410 72,478
Other assets 110,185 74,104
Total assets 3,872,449 4,099,213
LIABILITIES AND EQUITY    
Mortgage notes payable, net 319,405 321,549
Unsecured credit facility 200,000 0
Unsecured term loans, net 248,264 248,099
Unsecured senior notes, net 1,144,503 1,443,464
Accounts payable and accrued expenses 99,904 103,404
Distributions payable 28,376 30,032
Deferred income, gains and rent 40,764 31,620
Acquired lease intangibles, net 15,989 18,119
Liabilities related to assets held for sale 0 81
Other liabilities 17,521 19,408
Total liabilities 2,114,726 2,215,776
Commitments and contingencies
Redeemable limited partnership units at redemption value; 1,479,799 issued and outstanding in 2017 and 2016 25,926 23,795
Equity:    
6.90% Series E Preferred Shares, $0.01 par value; issued and outstanding- 0 as of June 30, 2017 and 4,000,000 as of December 31, 2016 0 96,850
General Partnership Capital 175,101,033 and 174,688,568 units issued and outstanding in 2016 and 2015, respectively 1,731,503 1,762,764
Accumulated other comprehensive loss (1,902) (2,122)
Total Brandywine Operating Partnership, L.P.'s equity 1,729,601 1,857,492
Non-controlling interest - consolidated real estate ventures 2,196 2,150
Total partners' equity 1,731,797 1,859,642
Total liabilities and beneficiaries' equity $ 3,872,449 $ 4,099,213
[1] As of June 30, 2017, the Company categorized 50 acres of land held for development located in the Other segment as held for sale in accordance with applicable accounting standards for long lived assets. See Note 3, “Real Estate Investments,” for further information.