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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Real estate investments:    
Operating properties $ 3,995,228 $ 3,951,719
Accumulated depreciation (944,994) (885,407)
Right of use asset - operating leases, net 21,828 0
Operating real estate investments, net 3,072,062 3,066,312
Construction-in-progress 151,232 150,263
Land held for development 92,189 86,401
Prepaid leasehold interests in land held for development, net 39,694 39,999
Total real estate investments, net 3,355,177 3,342,975
Assets held for sale, net 7,349 11,599
Cash and cash equivalents 29,925 22,842
Accounts receivable, net of allowance of $284 and $1,653 as of September 30, 2019 and December 31, 2018, respectively 13,872 16,394
Accrued rent receivable, net of allowance of $11,009 and $11,266 as of September 30, 2019 and December 31, 2018, respectively 168,960 165,243
Investment in Real Estate Ventures 127,759 169,100
Deferred costs, net 96,202 91,075
Intangible assets, net 95,798 131,348
Other assets 125,390 126,400
Total assets 4,020,432 4,076,976
LIABILITIES AND EQUITY    
Mortgage notes payable, net 315,603 320,869
Unsecured credit facility 146,500 92,500
Unsecured term loan, net 248,430 248,042
Unsecured senior notes, net 1,367,722 1,366,635
Accounts payable and accrued expenses 119,790 125,696
Distributions payable 33,759 33,632
Deferred income, gains and rent 22,707 28,293
Acquired lease intangibles, net 24,050 31,783
Lease liability - operating leases 22,503 0
Other liabilities 16,931 18,498
Total liabilities 2,317,995 2,265,948
Commitments and contingencies (See Note 13)
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 176,194,918 and 176,873,324 issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 1,763 1,770
Additional paid-in-capital 3,189,350 3,200,312
Deferred compensation payable in common shares 16,216 14,021
Common shares in grantor trust, 1,105,542 and 977,120 issued and outstanding as of September 30, 2019 and December 31, 2018, respectively (16,216) (14,021)
Cumulative earnings 787,789 775,625
Accumulated other comprehensive income (3,550) 5,029
Total Brandywine Operating Partnership, L.P.'s equity   1,796,316
Cumulative distributions (2,284,610) (2,183,909)
Total Brandywine Realty Trust's equity 1,690,742 1,798,827
Noncontrolling interests 11,695 12,201
Total beneficiaries' equity 1,702,437 1,811,028
Total partners' equity   1,798,508
Total liabilities and beneficiaries' equity 4,020,432 4,076,976
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,995,228 3,951,719
Accumulated depreciation (944,994) (885,407)
Right of use asset - operating leases, net 21,828 0
Operating real estate investments, net 3,072,062 3,066,312
Construction-in-progress 151,232 150,263
Land held for development 92,189 86,401
Prepaid leasehold interests in land held for development, net 39,694 39,999
Total real estate investments, net 3,355,177 3,342,975
Assets held for sale, net 7,349 11,599
Cash and cash equivalents 29,925 22,842
Accounts receivable, net of allowance of $284 and $1,653 as of September 30, 2019 and December 31, 2018, respectively 13,872 16,394
Accrued rent receivable, net of allowance of $11,009 and $11,266 as of September 30, 2019 and December 31, 2018, respectively 168,960 165,243
Investment in Real Estate Ventures 127,759 169,100
Deferred costs, net 96,202 91,075
Intangible assets, net 95,798 131,348
Other assets 125,390 126,400
Total assets 4,020,432 4,076,976
LIABILITIES AND EQUITY    
Mortgage notes payable, net 315,603 320,869
Unsecured credit facility 146,500 92,500
Unsecured term loan, net 248,430 248,042
Unsecured senior notes, net 1,367,722 1,366,635
Accounts payable and accrued expenses 119,790 125,696
Distributions payable 33,759 33,632
Deferred income, gains and rent 22,707 28,293
Acquired lease intangibles, net 24,050 31,783
Lease liability - operating leases 22,503 0
Other liabilities 16,931 18,498
Total liabilities 2,317,995 2,265,948
Commitments and contingencies (See Note 13)
Redeemable limited partnership units at redemption value; 981,626 and 982,871 issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 14,728 12,520
Equity:    
General Partnership Capital; 176,194,918 and 176,873,324 units issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 1,689,334 1,791,591
Accumulated other comprehensive income (3,902) 4,725
Total Brandywine Operating Partnership, L.P.'s equity 1,685,432 1,796,316
Noncontrolling interest - consolidated real estate ventures 2,277 2,192
Total partners' equity 1,687,709 1,798,508
Total liabilities and beneficiaries' equity $ 4,020,432 $ 4,076,976