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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue:        
Rents $ 115,032 $ 114,995 $ 229,271 $ 230,328
Tenant reimbursements 18,605 18,237 37,613 40,177
Termination fees 101 1,948 1,591 2,516
Third party management fees, labor reimbursement and leasing 2,872 2,733 6,014 5,486
Other 966 1,336 2,498 2,359
Total revenue 137,576 139,249 276,987 280,866
Operating Expenses:        
Property operating expenses 37,906 39,115 77,363 83,235
Real estate taxes 14,134 13,786 28,228 27,495
Third party management expenses 1,264 1,506 2,514 3,016
Depreciation and amortization 49,331 55,710 98,880 105,214
General and administrative expenses 6,079 5,890 12,129 12,134
Total operating expenses 108,714 116,007 219,114 231,094
Operating income 28,862 23,242 57,873 49,772
Other Income (Expense):        
Interest expense (32,981) (34,738) (67,125) (67,131)
Investment Income, Interest 1,841 421 2,324 862
Interest expense - amortization of deferred financing costs (1,261) (1,070) (2,572) (1,998)
Interest expense — financing obligation (196) 0 (378) 0
Equity in income of real estate ventures 838 1,088 882 2,321
Net gain on sale of interests in real estate 0 0 0 2,791
Gain (loss) on early extinguishment of debt (1,250) (756) (1,498) (756)
Income (loss) from continuing operations (4,147) (11,813) (10,494) (14,139)
Discontinued operations:        
Income from discontinued operations 783 1,743 1,798 3,579
Net gain (loss) on disposition of discontinued operations 10,166 3,836 24,834 3,836
Total discontinued operations 10,949 5,579 26,632 7,415
Net income (loss) 6,802 (6,234) 16,138 (6,724)
Net income from discontinued operations attributable to non-controlling interests - LP units (200) (111) (487) (148)
Net (income) loss attributable to non-controlling interests - LP units 169 276 322 364
Net (income) loss attributable to non-controlling interests (31) 165 (165) 216
Net income (loss) attributable to Brandywine Realty Trust 6,771 (6,069) 15,973 (6,508)
Distribution to Preferred Shares (3,049) (1,998) (5,047) (3,996)
Preferred share redemption charge (2,090) 0 (2,090) 0
Amount allocated to unvested restricted shareholders (95) (121) (191) (263)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust 1,537 (8,188) 8,645 (10,767)
Basic income (loss) per Common Share:        
Continuing operations (in dollars per share) $ (0.07) $ (0.10) $ (0.12) $ (0.13)
Discontinued operations (in dollars per share) $ 0.08 $ 0.04 $ 0.18 $ 0.05
Basic income (loss) per Common Share (in dollars per share) $ 0.01 $ (0.06) $ 0.06 $ (0.08)
Diluted income (loss) per Common Share:        
Continuing operations (in dollars per share) $ (0.07) $ (0.10) $ (0.12) $ (0.13)
Discontinued operations (in dollars per share) $ 0.08 $ 0.04 $ 0.18 $ 0.05
Diluted income (loss) per Common Share (in dollars per share) $ 0.01 $ (0.06) $ 0.06 $ (0.08)
Basic weighted average shares outstanding (in shares) 143,300,637 135,342,538 143,060,796 134,962,093
Diluted weighted average shares outstanding (in shares) 143,300,637 135,342,538 143,060,796 134,962,093
Net income (loss) attributable to Brandywine Realty Trust        
Income (loss) from continuing operations (3,978) (11,537) (10,172) (13,775)
Income (loss) from discontinued operations 10,749 5,468 26,145 7,267
Net income (loss) 6,771 (6,069) 15,973 (6,508)
BRANDYWINE OPERATING PARTNERSHIP, L.P.
       
Revenue:        
Rents 115,032 114,995 229,271 230,328
Tenant reimbursements 18,605 18,237 37,613 40,177
Termination fees 101 1,948 1,591 2,516
Third party management fees, labor reimbursement and leasing 2,872 2,733 6,014 5,486
Other 966 1,336 2,498 2,359
Total revenue 137,576 139,249 276,987 280,866
Operating Expenses:        
Property operating expenses 37,906 39,115 77,363 83,235
Real estate taxes 14,134 13,786 28,228 27,495
Third party management expenses 1,264 1,506 2,514 3,016
Depreciation and amortization 49,331 55,710 98,880 105,214
General and administrative expenses 6,079 5,890 12,129 12,134
Total operating expenses 108,714 116,007 219,114 231,094
Operating income 28,862 23,242 57,873 49,772
Other Income (Expense):        
Interest expense (32,981) (34,738) (67,125) (67,131)
Investment Income, Interest 1,841 421 2,324 862
Interest expense - amortization of deferred financing costs (1,261) (1,070) (2,572) (1,998)
Interest expense — financing obligation (196) 0 (378) 0
Equity in income of real estate ventures 838 1,088 882 2,321
Net gain on sale of interests in real estate 0 0 0 2,791
Gain (loss) on early extinguishment of debt (1,250) (756) (1,498) (756)
Income (loss) from continuing operations (4,147) (11,813) (10,494) (14,139)
Discontinued operations:        
Income from discontinued operations 783 1,743 1,798 3,579
Net gain (loss) on disposition of discontinued operations 10,166 3,836 24,834 3,836
Total discontinued operations 10,949 5,579 26,632 7,415
Net income (loss) 6,802 (6,234) 16,138 (6,724)
Net income (loss) attributable to Brandywine Realty Trust 6,802 (6,234) 16,138 (6,724)
Distribution to Preferred Shares (3,049) (1,998) (5,047) (3,996)
Preferred share redemption charge (2,090) 0 (2,090) 0
Amount allocated to unvested restricted shareholders (95) (121) (191) (263)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust 1,568 (8,353) 8,810 (10,983)
Basic income (loss) per Common Share:        
Continuing operations (in dollars per share) $ (0.06) $ (0.10) $ (0.12) $ (0.13)
Discontinued operations (in dollars per share) $ 0.07 $ 0.04 $ 0.18 $ 0.05
Basic income (loss) per Common Share (in dollars per share) $ 0.01 $ (0.06) $ 0.06 $ (0.08)
Diluted income (loss) per Common Share:        
Continuing operations (in dollars per share) $ (0.06) $ (0.10) $ (0.12) $ (0.13)
Discontinued operations (in dollars per share) $ 0.07 $ 0.04 $ 0.18 $ 0.05
Diluted income (loss) per Common Share (in dollars per share) $ 0.01 $ (0.06) $ 0.06 $ (0.08)
Basic weighted average shares outstanding (in shares) 145,958,358 145,220,765 145,721,890 144,852,515
Diluted weighted average shares outstanding (in shares) 145,958,358 145,220,765 145,721,890 144,852,515
Net income (loss) attributable to Brandywine Realty Trust        
Income (loss) from continuing operations (4,147) (11,813) (10,494) (14,139)
Income (loss) from discontinued operations 10,949 5,579 26,632 7,415
Net income (loss) $ 6,802 $ (6,234) $ 16,138 $ (6,724)