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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Real estate investments:    
Operating properties $ 4,006,459 $ 3,951,719
Accumulated depreciation (973,318) (885,407)
Right of use asset - operating leases, net 21,656 0
Operating real estate investments, net 3,054,797 3,066,312
Construction-in-progress 180,718 150,263
Land held for development 96,124 86,401
Prepaid leasehold interests in land held for development, net 39,592 39,999
Total real estate investments, net 3,371,231 3,342,975
Assets held for sale, net 7,349 11,599
Cash and cash equivalents 90,499 22,842
Accounts receivable, net of allowance of $284 and $1,653 as of December 31, 2019 and December 31, 2018, respectively 16,363 16,394
Accrued rent receivable, net of allowance of $7,691 and $11,266 as of December 31, 2019 and December 31, 2018, respectively 174,144 165,243
Investment in Real Estate Ventures, equity method 120,294 169,100
Deferred costs, net 95,560 91,075
Intangible assets, net 84,851 131,348
Other assets 115,678 126,400
Total assets 4,075,969 4,076,976
LIABILITIES AND EQUITY    
Mortgage notes payable, net 313,812 320,869
Unsecured credit facility 0 92,500
Unsecured term loan, net 248,561 248,042
Unsecured senior notes, net 1,582,045 1,366,635
Accounts payable and accrued expenses 113,347 125,696
Distributions payable 33,815 33,632
Deferred income, gains and rent 35,284 28,293
Intangible liabilities, net 22,263 31,783
Lease Liability - operating leases 22,554 0
Other liabilities 15,985 18,498
Total liabilities 2,387,666 2,265,948
Commitments and contingencies (See Note 19)
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 176,480,095 and 176,873,324 issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 1,766 1,770
Additional paid-in-capital 3,192,158 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 December 31, 2019 and December 31, 2018, respectively (16,216) (14,021)
Cumulative earnings 804,556 775,625
Accumulated other comprehensive income (2,370) 5,029
Total Brandywine Operating Partnership, L.P.'s equity   1,796,316
Cumulative distributions (2,318,233) (2,183,909)
Total Brandywine Realty Trust's equity 1,677,877 1,798,827
Noncontrolling interests 10,426 12,201
Total beneficiaries' equity 1,688,303 1,811,028
Total partners' equity   1,798,508
Total liabilities and partners' equity 4,075,969 4,076,976
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 4,006,459 3,951,719
Accumulated depreciation (973,318) (885,407)
Right of use asset - operating leases, net 21,656 0
Operating real estate investments, net 3,054,797 3,066,312
Construction-in-progress 180,718 150,263
Land held for development 96,124 86,401
Prepaid leasehold interests in land held for development, net 39,592 39,999
Total real estate investments, net 3,371,231 3,342,975
Assets held for sale, net 7,349 11,599
Cash and cash equivalents 90,499 22,842
Accounts receivable, net of allowance of $284 and $1,653 as of December 31, 2019 and December 31, 2018, respectively 16,363 16,394
Accrued rent receivable, net of allowance of $7,691 and $11,266 as of December 31, 2019 and December 31, 2018, respectively 174,144 165,243
Investment in Real Estate Ventures, equity method 120,294 169,100
Deferred costs, net 95,560 91,075
Intangible assets, net 84,851 131,348
Other assets 115,678 126,400
Total assets 4,075,969 4,076,976
LIABILITIES AND EQUITY    
Mortgage notes payable, net 313,812 320,869
Unsecured credit facility 0 92,500
Unsecured term loan, net 248,561 248,042
Unsecured senior notes, net 1,582,045 1,366,635
Accounts payable and accrued expenses 113,347 125,696
Distributions payable 33,815 33,632
Deferred income, gains and rent 35,284 28,293
Intangible liabilities, net 22,263 31,783
Lease Liability - operating leases 22,554 0
Other liabilities 15,985 18,498
Total liabilities 2,387,666 2,265,948
Commitments and contingencies (See Note 19)
Redeemable limited partnership units at redemption value; 981,634 and 982,871 issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 15,388 12,520
Equity:    
General Partnership Capital; 176,480,095 and 176,873,324 units issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 1,674,539 1,791,591
Accumulated other comprehensive income (2,715) 4,725
Total Brandywine Operating Partnership, L.P.'s equity 1,671,824 1,796,316
Noncontrolling interest - consolidated real estate ventures 1,091 2,192
Total partners' equity 1,672,915 1,798,508
Total liabilities and partners' equity $ 4,075,969 $ 4,076,976