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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Total revenue $ 144,151 $ 133,786 $ 288,047 $ 270,144
Operating expenses        
Property operating expenses 38,684 37,906 78,184 77,257
Real estate taxes 16,089 12,417 31,872 24,839
Third party management expenses 2,449 2,243 4,566 6,993
Depreciation and amortization 51,667 43,958 103,111 87,490
General and administrative expenses 8,399 7,523 18,243 16,246
Total operating expenses 117,288 104,047 235,976 212,825
Gain on sale of real estate        
Net loss on disposition of real estate 0 (35) 0 (35)
Net gain on sale of undepreciated real estate 250 2,837 1,251 2,859
Total gain on sale of real estate 250 2,802 1,251 2,824
Operating income 27,113 32,541 53,322 60,143
Other income (expense):        
Interest income 553 641 1,078 1,344
Interest expense (20,516) (19,301) (40,873) (38,834)
Interest expense - amortization of deferred financing costs (666) (627) (1,332) (1,254)
Equity in loss of Real Estate Ventures (1,491) (358) (2,849) (1,183)
Net gain on real estate venture transactions 1,276 0 1,535 37,263
Net income before income taxes 6,269 12,896 10,881 57,479
Income tax provision (17) (20) (46) (158)
Net income 6,252 12,876 10,835 57,321
Net income attributable to noncontrolling interests (47) (129) (107) (504)
Net income attributable to Brandywine Realty Trust 6,205 12,747 10,728 56,817
Nonforfeitable dividends allocated to unvested restricted shareholders (93) (86) (212) (200)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 6,112 $ 12,661 $ 10,516 $ 56,617
Basic income per Common Share $ 0.03 $ 0.07 $ 0.06 $ 0.32
Diluted income per Common Share $ 0.03 $ 0.07 $ 0.06 $ 0.31
Basic weighted average shares outstanding 176,143,206 178,547,555 176,001,071 178,471,960
Diluted weighted average shares outstanding 176,690,824 179,692,336 176,578,140 179,740,690
BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Total revenue $ 144,151 $ 133,786 $ 288,047 $ 270,144
Operating expenses        
Property operating expenses 38,684 37,906 78,184 77,257
Real estate taxes 16,089 12,417 31,872 24,839
Third party management expenses 2,449 2,243 4,566 6,993
Depreciation and amortization 51,667 43,958 103,111 87,490
General and administrative expenses 8,399 7,523 18,243 16,246
Total operating expenses 117,288 104,047 235,976 212,825
Gain on sale of real estate        
Net loss on disposition of real estate 0 (35) 0 (35)
Net gain on sale of undepreciated real estate 250 2,837 1,251 2,859
Total gain on sale of real estate 250 2,802 1,251 2,824
Operating income 27,113 32,541 53,322 60,143
Other income (expense):        
Interest income 553 641 1,078 1,344
Interest expense (20,516) (19,301) (40,873) (38,834)
Interest expense - amortization of deferred financing costs (666) (627) (1,332) (1,254)
Equity in loss of Real Estate Ventures (1,491) (358) (2,849) (1,183)
Net gain on real estate venture transactions 1,276 0 1,535 37,263
Net income before income taxes 6,269 12,896 10,881 57,479
Income tax provision (17) (20) (46) (158)
Net income 6,252 12,876 10,835 57,321
Net income attributable to non-controlling interests - consolidated real estate ventures (13) (21) (47) (26)
Net Income (Loss) Allocated to Limited Partners 6,239 12,855 10,788 57,295
Nonforfeitable dividends allocated to unvested restricted shareholders (93) (86) (212) (200)
Net income attributable to Common Shareholders of Brandywine Realty Trust $ 6,146 $ 12,769 $ 10,576 $ 57,095
Basic income per Common Share $ 0.03 $ 0.07 $ 0.06 $ 0.32
Diluted income per Common Share $ 0.03 $ 0.07 $ 0.06 $ 0.32
Basic weighted average shares outstanding 177,125,064 180,027,354 176,983,433 179,951,759
Diluted weighted average shares outstanding 177,672,683 181,172,135 177,560,502 181,220,489
Rents [Member]        
Revenue        
Lease revenue $ 137,787 $ 126,927 $ 275,885 $ 253,686
Rents [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Lease revenue 137,787 126,927 275,885 253,686
Third Party Management Fees, Labor Reimbursement and Leasing [Member]        
Revenue        
Service and other revenue 5,148 4,913 9,103 12,587
Third Party Management Fees, Labor Reimbursement and Leasing [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue 5,148 4,913 9,103 12,587
Other [Member]        
Revenue        
Service and other revenue 1,216 1,946 3,059 3,871
Other [Member] | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Service and other revenue $ 1,216 $ 1,946 $ 3,059 $ 3,871