Partners Equity of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	44,705		$	44,705		$	21,271		$	21,271
Net income attributable to noncontrolling interests		(376	)		(376	)		(169	)		(169	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(114	)		(114	)		(99	)		(99	)
Preferred share dividends		-			-			(1,725	)		(1,725	)
Net income attributable to common shareholders	$	44,215		$	44,215		$	19,278		$	19,278
Denominator
Weighted-average shares outstanding		178,395,525			178,395,525			175,176,964			175,176,964
Contingent securities/Share based compensation		-			1,392,786			-			1,024,908
Weighted-average shares outstanding		178,395,525			179,788,311			175,176,964			176,201,872
Earnings per Common Share:
Net income attributable to common shareholders	$	0.25		$	0.25		$	0.11		$	0.11

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,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	44,705		$	44,705		$	21,271		$	21,271
Net income attributable to noncontrolling interests		(5	)		(5	)		(5	)		(5	)
Preferred unit dividends		-			-			(1,725	)		(1,725	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(114	)		(114	)		(99	)		(99	)
Net income attributable to common unitholders	$	44,586		$	44,586		$	19,442		$	19,442
Denominator
Weighted-average units outstanding		179,875,324			179,875,324			176,656,763			176,656,763
Contingent securities/Share based compensation		-			1,392,786			-			1,024,908
Total weighted-average units outstanding		179,875,324			181,268,110			176,656,763			177,681,671
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.25		$	0.25		$	0.11		$	0.11