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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue    
Rents $ 106,360 $ 103,332
Tenant reimbursements 19,849 18,535
Termination fees 550 1,673
Third party management fees, labor reimbursement and leasing 7,674 6,485
Other 1,925 895
Total revenue 136,358 130,920
Operating expenses    
Property operating expenses 39,332 36,885
Real estate taxes 12,422 11,749
Third party management expenses 4,750 2,447
Depreciation and amortization 43,291 45,892
General and administrative expenses 8,723 9,325
Provision for impairment 0 2,730
Total operating expenses 108,518 109,028
Operating income 27,840 21,892
Other income (expense)    
Interest income 703 393
Interest expense (19,533) (21,437)
Interest expense - amortization of deferred financing costs (627) (634)
Equity in loss of Real Estate Ventures (825) (748)
Net gain on disposition of real estate 0 7,323
Net gain on sale of undepreciated real estate 22 0
Net gain on Real Estate Venture transactions 37,263 14,582
Net income before income taxes 44,843 21,371
Income tax provision (138) (100)
Net income 44,705 21,271
Net income attributable to noncontrolling interests (376) (169)
Net income attributable to Brandywine Realty Trust 44,329 21,102
Distribution to preferred shareholders 0 (1,725)
Nonforfeitable dividends allocated to unvested restricted shareholders (114) (99)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 44,215 $ 19,278
Basic income per Common Share $ 0.25 $ 0.11
Diluted income per Common Share $ 0.25 $ 0.11
Basic weighted average shares outstanding 178,395,525 175,176,964
Diluted weighted average shares outstanding 179,788,311 176,201,872
Distributions declared per Common Share $ 0.18 $ 0.16
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Revenue    
Rents $ 106,360 $ 103,332
Tenant reimbursements 19,849 18,535
Termination fees 550 1,673
Third party management fees, labor reimbursement and leasing 7,674 6,485
Other 1,925 895
Total revenue 136,358 130,920
Operating expenses    
Property operating expenses 39,332 36,885
Real estate taxes 12,422 11,749
Third party management expenses 4,750 2,447
Depreciation and amortization 43,291 45,892
General and administrative expenses 8,723 9,325
Provision for impairment 0 2,730
Total operating expenses 108,518 109,028
Operating income 27,840 21,892
Other income (expense)    
Interest income 703 393
Interest expense (19,533) (21,437)
Interest expense - amortization of deferred financing costs (627) (634)
Equity in loss of Real Estate Ventures (825) (748)
Net gain on disposition of real estate 0 7,323
Net gain on sale of undepreciated real estate 22 0
Net gain on Real Estate Venture transactions 37,263 14,582
Net income before income taxes 44,843 21,371
Income tax provision (138) (100)
Net income 44,705 21,271
Net income from continuing operations attributable to non-controlling interests - consolidated real estate ventures (5) (5)
Net income attributable to Brandywine Realty Trust 44,700 21,266
Distribution to preferred shareholders 0 (1,725)
Nonforfeitable dividends allocated to unvested restricted shareholders (114) (99)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 44,586 $ 19,442
Basic income per Common Share $ 0.25 $ 0.11
Diluted income per Common Share $ 0.25 $ 0.11
Basic weighted average shares outstanding 179,875,324 176,656,763
Diluted weighted average shares outstanding 181,268,110 177,681,671
Distributions declared per Common Share $ 0.18 $ 0.16