Partners Equity of the Operating Partnership (Tables)

9 Months Ended

Sep. 30, 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 September 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	19,046		$	19,046		$	7,884		$	7,884
Net income from continuing operations attributable to non-controlling interests		(170	)		(170	)		(58	)		(58	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(73	)		(73	)		(79	)		(79	)
Preferred share dividends		-			-			(1,725	)		(1,725	)
Net income attributable to common shareholders	$	18,803		$	18,803		$	6,022		$	6,022
Denominator
Weighted-average shares outstanding		175,433,657			175,433,657			175,127,110			175,127,110
Contingent securities/Share based compensation		-			1,401,365			-			1,237,505
Weighted-average shares outstanding		175,433,657			176,835,022			175,127,110			176,364,615
Earnings per Common Share:
Net income attributable to common shareholders	$	0.11		$	0.11		$	0.03		$	0.03

	Nine-month periods ended September 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	48,015		$	48,015		$	52,871		$	52,871
Net income from continuing operations attributable to non-controlling interests		(384	)		(384	)		(425	)		(425	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(245	)		(245	)		(263	)		(263	)
Preferred share dividends		(2,032	)		(2,032	)		(5,175	)		(5,175	)
Preferred share redemption charge		(3,181	)		(3,181	)		-			-
Net income attributable to common shareholders	$	42,173		$	42,173		$	47,008		$	47,008
Denominator
Weighted-average shares outstanding		175,315,581			175,315,581			174,976,998			174,976,998
Contingent securities/Share based compensation		-			1,283,751			-			1,032,824
Weighted-average shares outstanding		175,315,581			176,599,332			174,976,998			176,009,822
Earnings per Common Share:
Net income attributable to common shareholders	$	0.24		$	0.24		$	0.27		$	0.27

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,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	19,046		$	19,046		$	7,884		$	7,884
Nonforfeitable dividends allocated to unvested restricted unitholders		(73	)		(73	)		(79	)		(79	)
Preferred unit dividends		-			-			(1,725	)		(1,725	)
Net income attributable to non-controlling interests		(12	)		(12	)		(6	)		(6	)
Net income attributable to common unitholders	$	18,961		$	18,961		$	6,074		$	6,074
Denominator
Weighted-average units outstanding		176,913,456			176,913,456			176,606,909			176,606,909
Contingent securities/Share based compensation		-			1,401,365			-			1,237,505
Total weighted-average units outstanding		176,913,456			178,314,821			176,606,909			177,844,414
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.11		$	0.11		$	0.03		$	0.03

	Nine-month periods ended September 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	48,015		$	48,015		$	52,871		$	52,871
Nonforfeitable dividends allocated to unvested restricted unitholders		(245	)		(245	)		(263	)		(263	)
Preferred unit dividends		(2,032	)		(2,032	)		(5,175	)		(5,175	)
Preferred unit redemption charge		(3,181	)		(3,181	)		-			-
Net income attributable to non-controlling interests		(26	)		(26	)		(12	)		(12	)
Net income attributable to common unitholders	$	42,531		$	42,531		$	47,421		$	47,421
Denominator
Weighted-average units outstanding		176,795,380			176,795,380			176,491,311			176,491,311
Contingent securities/Share based compensation		-			1,283,751			-			1,032,824
Total weighted-average units outstanding		176,795,380			178,079,131			176,491,311			177,524,135
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.24		$	0.24		$	0.27		$	0.27