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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Rents $ 121,622 $ 116,064 $ 243,293 $ 230,672
Tenant reimbursements 20,502 19,560 43,962 39,901
Termination fees 3,349 410 5,552 906
Third party management fees, labor reimbursement and leasing 4,187 3,153 8,337 6,389
Other 840 1,457 1,470 2,330
Total revenue 150,500 140,644 302,614 280,198
Expenses:        
Property operating expenses 43,136 39,433 89,937 78,782
Real estate taxes 12,841 14,177 26,298 28,472
Third party management expenses 1,730 1,363 3,446 2,788
Depreciation and amortization 52,587 49,241 105,157 98,717
General and administrative expenses 6,005 7,336 14,186 13,887
Total operating expenses 116,299 111,550 239,024 222,646
Operating Income 34,201 29,094 63,590 57,552
Other income (expense):        
Interest income 385 122 770 180
Interest expense (31,512) (30,437) (63,356) (61,351)
Amortization of deferred financing costs (1,197) (1,183) (2,386) (2,344)
Interest expense — financing obligation (316) (211) (588) (429)
Equity in income (loss) of real estate ventures (489) 1,508 (247) 3,043
Gain (loss) on sale of undepreciated real estate (3) 0 1,184 0
Gain from remeasurement of investment in real estate ventures 458 7,847 458 7,847
Gain (loss) on real estate venture transactions (282) 3,683 (417) 3,683
Loss on early extinguishment of debt 0 (1,113) 0 (1,116)
Income (loss) from continuing operations 1,245 9,310 (992) 7,065
Discontinued operations:        
Income from discontinued operations 26 129 18 989
Net gain (loss) on disposition of discontinued operations 903 (2,259) 903 3,045
Total discontinued operations 929 (2,130) 921 4,034
Net income (loss) 2,174 7,180 (71) 11,099
Discontinued operations attributable to non-controlling interests, Basic (10) 25 (10) (53)
Net income attributable to non-controlling interest — partners' share of consolidated real estate ventures 24 0 12 0
Net (income) loss attributable to non-controlling interests — LP units 5 (87) 49 (37)
Net (income) loss attributable to non-controlling interests 19 (62) 51 (90)
Net income (loss) attributable to Brandywine Realty Trust 2,193 7,118 (20) 11,009
Distribution to Preferred Shares (1,725) (1,725) (3,450) (3,450)
Nonforfeitable dividends allocated to unvested restricted shareholders (83) (85) (186) (193)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust 385 5,308 (3,656) 7,366
Basic income (loss) per Common Share:        
Continuing operations $ 0.00 $ 0.05 $ (0.03) $ 0.02
Discontinued operations $ 0.00 $ (0.02) $ 0.01 $ 0.03
Net income (loss) attributable to common shareholders/unitholders, Basic $ 0.00 $ 0.03 $ (0.02) $ 0.05
Diluted income (loss) per Common Share:        
Continuing operations $ 0.00 $ 0.05 $ (0.03) $ 0.02
Discontinued operations $ 0.00 $ (0.02) $ 0.01 $ 0.03
Net income attributable to common shareholders/unitholders, Diluted $ 0.00 $ 0.03 $ (0.02) $ 0.05
Weighted Average Number of Shares Outstanding, Basic 157,037,348 155,347,384 156,916,356 149,508,957
Weighted Average Number of Shares Outstanding, Diluted 157,037,348 156,691,201 156,916,356 150,666,245
Net income (loss) attributable to Brandywine Realty Trust        
Total continuing operations 1,274 9,223 (931) 7,028
Total discontinued operations 919 (2,105) 911 3,981
Net income (loss) 2,174 7,180 (71) 11,099
Net income (Loss) attributable to Brandywine Realty Trust 2,193 7,118 (20) 11,009
BRANDYWINE OPERATING PARTNERSHIP, L.P.
       
Revenue:        
Rents 121,622 116,064 243,293 230,672
Tenant reimbursements 20,502 19,560 43,962 39,901
Termination fees 3,349 410 5,552 906
Third party management fees, labor reimbursement and leasing 4,187 3,153 8,337 6,389
Other 840 1,457 1,470 2,330
Total revenue 150,500 140,644 302,614 280,198
Expenses:        
Property operating expenses 43,136 39,433 89,937 78,782
Real estate taxes 12,841 14,177 26,298 28,472
Third party management expenses 1,730 1,363 3,446 2,788
Depreciation and amortization 52,587 49,241 105,157 98,717
General and administrative expenses 6,005 7,336 14,186 13,887
Total operating expenses 116,299 111,550 239,024 222,646
Operating Income 34,201 29,094 63,590 57,552
Other income (expense):        
Interest income 385 122 770 180
Interest expense (31,512) (30,437) (63,356) (61,351)
Amortization of deferred financing costs (1,197) (1,183) (2,386) (2,344)
Interest expense — financing obligation (316) (211) (588) (429)
Equity in income (loss) of real estate ventures (489) 1,508 (247) 3,043
Gain (loss) on sale of undepreciated real estate (3) 0 1,184 0
Gain from remeasurement of investment in real estate ventures 458 7,847 458 7,847
Gain (loss) on real estate venture transactions (282) 3,683 (417) 3,683
Loss on early extinguishment of debt 0 (1,113) 0 (1,116)
Income (loss) from continuing operations 1,245 9,310 (992) 7,065
Discontinued operations:        
Income from discontinued operations 26 129 18 989
Net gain (loss) on disposition of discontinued operations 903 (2,259) 903 3,045
Total discontinued operations 929 (2,130) 921 4,034
Net income (loss) 2,174 7,180 (71) 11,099
Net income attributable to non-controlling interest — partners' share of consolidated real estate ventures 24 0 12 0
Net income (loss) attributable to Brandywine Realty Trust 2,198 7,180 (59) 11,099
Distribution to Preferred Shares (1,725) (1,725) (3,450) (3,450)
Nonforfeitable dividends allocated to unvested restricted shareholders (83) (85) (186) (193)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust 390 5,370 (3,695) 7,456
Basic income (loss) per Common Share:        
Continuing operations $ 0.00 $ 0.05 $ (0.03) $ 0.02
Discontinued operations $ 0.00 $ (0.02) $ 0.01 $ 0.03
Net income (loss) attributable to common shareholders/unitholders, Basic $ 0.00 $ 0.03 $ (0.02) $ 0.05
Diluted income (loss) per Common Share:        
Continuing operations $ 0.00 $ 0.05 $ (0.03) $ 0.02
Discontinued operations $ 0.00 $ (0.02) $ 0.01 $ 0.03
Net income attributable to common shareholders/unitholders, Diluted $ 0.00 $ 0.03 $ (0.02) $ 0.05
Weighted Average Number of Shares Outstanding, Basic 158,801,087 157,131,697 158,680,095 151,323,813
Weighted Average Number of Shares Outstanding, Diluted 158,801,087 158,475,514 158,680,095 152,481,101
Net income (loss) attributable to Brandywine Realty Trust        
Total continuing operations 1,269 9,310 (980) 7,065
Total discontinued operations 929 (2,130) 921 4,034
Net income (loss) 2,174 7,180 (71) 11,099
Net income (Loss) attributable to Brandywine Realty Trust $ 2,198 $ 7,180 $ (59) $ 11,099