Partners Equity of the Operating Partnership (Tables)

9 Months Ended

Sep. 30, 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 September 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income (loss)	$	(43,262	)	$	(43,262	)	$	19,046		$	19,046
Net (income) loss attributable to noncontrolling interests		339			339			(170	)		(170	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(80	)		(80	)		(73	)		(73	)
Net income (loss) attributable to common shareholders	$	(43,003	)	$	(43,003	)	$	18,803		$	18,803
Denominator
Weighted-average shares outstanding		178,602,622			178,602,622			175,433,657			175,433,657
Contingent securities/Share based compensation		-			-			-			1,401,365
Weighted-average shares outstanding		178,602,622			178,602,622			175,433,657			176,835,022
Earnings (loss) per Common Share:
Net income (loss) attributable to common shareholders	$	(0.24	)	$	(0.24	)	$	0.11		$	0.11

	Nine-month periods ended September 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	14,579		$	14,579		$	48,015		$	48,015
Net income attributable to noncontrolling interests		(167	)		(167	)		(384	)		(384	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(280	)		(280	)		(245	)		(245	)
Distribution to preferred shareholders		-			-			(2,032	)		(2,032	)
Preferred share redemption charge		-			-			(3,181	)		(3,181	)
Net income attributable to common shareholders	$	14,132		$	14,132		$	42,173		$	42,173
Denominator
Weighted-average shares outstanding		178,515,993			178,515,993			175,315,581			175,315,581
Contingent securities/Share based compensation		-			1,236,551			-			1,283,751
Weighted-average shares outstanding		178,515,993			179,752,544			175,315,581			176,599,332
Earnings per Common Share:
Net income attributable to common shareholders	$	0.08		$	0.08		$	0.24		$	0.24

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,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income (loss)	$	(43,262	)	$	(43,262	)	$	19,046		$	19,046
Net income attributable to noncontrolling interests		(20	)		(20	)		(12	)		(12	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(80	)		(80	)		(73	)		(73	)
Net income (loss) attributable to common unitholders	$	(43,362	)	$	(43,362	)	$	18,961		$	18,961
Denominator
Weighted-average units outstanding		180,082,421			180,082,421			176,913,456			176,913,456
Contingent securities/Share based compensation		-			-			-			1,401,365
Total weighted-average units outstanding		180,082,421			180,082,421			176,913,456			178,314,821
Earnings (loss) per Common Partnership Unit:
Net income (loss) attributable to common unitholders	$	(0.24	)	$	(0.24	)	$	0.11		$	0.11

	Nine-month periods ended September 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	14,579		$	14,579		$	48,015		$	48,015
Net income attributable to noncontrolling interests		(46	)		(46	)		(25	)		(25	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(280	)		(280	)		(245	)		(245	)
Preferred unit dividends		-			-			(2,032	)		(2,032	)
Preferred unit redemption charge		-			-			(3,181	)		(3,181	)
Net income attributable to common unitholders	$	14,253		$	14,253		$	42,532		$	42,532
Denominator
Weighted-average units outstanding		179,995,792			179,995,792			176,795,380			176,795,380
Contingent securities/Share based compensation		-			1,236,551			-			1,283,751
Total weighted-average units outstanding		179,995,792			181,232,343			176,795,380			178,079,131
Earnings per Common Partnership Unit
Net income attributable to common unitholders	$	0.08		$	0.08		$	0.24		$	0.24