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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Real estate investments:    
Operating properties $ 3,953,319 $ 3,832,348
Accumulated depreciation (865,462) (895,091)
Operating real estate investments, net 3,087,857 2,937,257
Construction-in-progress 150,263 121,188
Land held for development [1] 86,401 98,242
Prepaid leasehold interests in land held for development, net [2] 39,999 0
Total real estate investments, net 3,364,520 3,156,687
Assets held for sale, net 11,599 392
Cash and cash equivalents 22,842 202,179
Accounts receivable, net of allowance of $1,653 and $3,467 as of December 31, 2018 and December 31, 2017, respectively 16,394 17,938
Accrued rent receivable, net of allowance of $11,266 and $13,645 as of December 31, 2018 and December 31, 2017, respectively 165,243 169,760
Investment in Real Estate Ventures, equity method 169,100 194,621
Deferred costs, net 91,075 96,695
Intangible assets, net 131,348 64,972
Other assets 126,400 92,204
Total assets 4,098,521 3,995,448
LIABILITIES AND EQUITY    
Mortgage notes payable, net 320,869 317,216
Unsecured credit facility 92,500 0
Unsecured term loan, net 248,042 248,429
Unsecured senior notes, net 1,366,635 1,365,183
Accounts payable and accrued expenses 125,696 107,074
Distributions payable 33,632 32,456
Deferred income, gains and rent 28,293 42,593
Acquired lease intangibles, net 31,783 20,274
Other liabilities 18,498 15,623
Total liabilities 2,265,948 2,148,848
Commitments and contingencies
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 176,873,324 and 178,285,236 issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 1,770 1,784
Additional paid-in-capital 3,200,850 3,218,564
Deferred compensation payable in common shares 14,021 12,445
Common shares in grantor trust, 977,120 and 894,736 issued and outstanding as of December 31, 2018 and December 31, 2017, respectively (14,021) (12,445)
Cumulative earnings 796,513 660,174
Accumulated other comprehensive income 5,029 2,399
Cumulative distributions (2,183,909) (2,053,741)
Total Brandywine Realty Trust's equity 1,820,253 1,829,180
Noncontrolling interests 12,320 17,420
Total beneficiaries' equity 1,832,573 1,846,600
Total liabilities and beneficiaries' equity 4,098,521 3,995,448
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,953,319 3,832,348
Accumulated depreciation (865,462) (895,091)
Operating real estate investments, net 3,087,857 2,937,257
Construction-in-progress 150,263 121,188
Land held for development 86,401 98,242
Prepaid leasehold interests in land held for development, net 39,999 0
Total real estate investments, net 3,364,520 3,156,687
Assets held for sale, net 11,599 392
Cash and cash equivalents 22,842 202,179
Accounts receivable, net of allowance of $1,653 and $3,467 as of December 31, 2018 and December 31, 2017, respectively 16,394 17,938
Accrued rent receivable, net of allowance of $11,266 and $13,645 as of December 31, 2018 and December 31, 2017, respectively 165,243 169,760
Investment in Real Estate Ventures, equity method 169,100 194,621
Deferred costs, net 91,075 96,695
Intangible assets, net 131,348 64,972
Other assets 126,400 92,204
Total assets 4,098,521 3,995,448
LIABILITIES AND EQUITY    
Mortgage notes payable, net 320,869 317,216
Unsecured credit facility 92,500  
Unsecured term loan, net 248,042 248,429
Unsecured senior notes, net 1,366,635 1,365,183
Accounts payable and accrued expenses 125,696 107,074
Distributions payable 33,632 32,456
Deferred income, gains and rent 28,293 42,593
Acquired lease intangibles, net 31,783 20,274
Other liabilities 18,498 15,623
Total liabilities 2,265,948 2,148,848
Commitments and contingencies
Redeemable limited partnership units at redemption value; 1,479,799 and 1,535,102 issued and outstanding in 2016 and 2015, respectively 12,520 26,918
Equity:    
General Partnership Capital; 176,873,324 and 178,285,236 units issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 1,813,136 1,815,411
Accumulated other comprehensive income 4,725 2,056
Total Brandywine Operating Partnership, L.P.'s equity 1,817,861 1,817,467
Noncontrolling interest - consolidated real estate ventures 2,192 2,215
Total partners' equity 1,820,053 1,819,682
Total liabilities and beneficiaries' equity $ 4,098,521 $ 3,995,448
[1] As of December 31, 2018, the Company classified 37.9 acres of land held for development, comprised of 2.7 acres and 35.2 acres, located in its Pennsylvania Suburbs segment and Other segment, respectively, as held for sale in accordance with applicable accounting standards for long lived assets. See Note 3, “Real Estate Investments,” for further information. As of December 31, 2017, the Company classified 13.1 acres of land held for development located in its Other segment as held for sale in accordance with applicable accounting standards for long lived assets.
[2] As of December 31, 2018, this caption comprised leasehold interests in prepaid 99-year ground leases at 3025 and 3001-3003 JFK Boulevard, in Philadelphia, Pennsylvania. See Note 3, “Real Estate Investments,” for further information.