XML 128 R106.htm IDEA: XBRL DOCUMENT v3.10.0.1
Beneficiaries Equity of the Parent Company - Number of Shares and Net Income Used to Calculate Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Numerator                      
Net income $ 122,710 [1] $ (43,262) [2] $ 13,136 $ 44,705 $ 73,844 $ 19,046 $ 7,698 $ 21,271 $ 137,289 $ 121,859 $ 40,501
Net income attributable to noncontrolling interests, Basic                 (965) (1,009) (310)
Nonforfeitable dividends allocated to unvested restricted shareholders, Basic                 (369) (327) (341)
Distribution to preferred shareholders                 0 (2,032) (6,900)
Preferred share redemption charge                 0 (3,181) 0
Net income attributable to Common Shareholders of Brandywine Realty Trust                 135,955 115,310 32,950
Net income attributable to noncontrolling interests, Diluted                 (965) (1,009) (310)
Nonforfeitable dividends allocated to unvested restricted shareholders, Diluted                 (369) (327) (341)
Net income attributable to common shareholders, Diluted                 $ 135,955 $ 115,310 $ 32,950
Denominator                      
Basic weighted average shares outstanding (in shares)                 178,519,748 175,484,350 175,018,163
Contingent securities/Share based compensation (in shares)                 1,121,744 1,323,816 992,651
Diluted weighted average shares outstanding (in shares)                 179,641,492 176,808,166 176,010,814
Earnings per Common Share:                      
Net income attributable to common shareholders, Basic (USD per share) $ 0.68 $ (0.24) $ 0.07 $ 0.25 $ 0.42 $ 0.11 $ 0.02 $ 0.11 $ 0.76 $ 0.66 $ 0.19
Net income attributable to common shareholders, Diluted (USD per share) $ 0.68 $ (0.24) $ 0.07 $ 0.25 $ 0.41 $ 0.11 $ 0.02 $ 0.11 $ 0.76 $ 0.65 $ 0.19
[1] The increase in net income for the fourth quarter primarily relates to gains of $103.8 million and $28.3 million, recorded in the “Net gain on real estate venture transactions” and “Gain on promoted interest in unconsolidated real estate venture” captions within the Company’s consolidated statements of operations, respectively, from the Austin Portfolio transaction. For further details, see Note 3, "Real Estate Investments."
[2] The decrease in third quarter net income primarily relates to a $56.9 million impairment charge which related to eight office properties in the Company’s Metropolitan Washington, D.C. segment. See Note 3, “Real Estate Investments,” for further information.