Partners Equity of the Operating Partnership (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

	Three Months Ended June 30,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	4,020		$	4,020		$	6,252		$	6,252
Net income attributable to noncontrolling interests	(24		)	(24		)	(47		)	(47		)
Nonforfeitable dividends allocated to unvested restricted shareholders	(93		)	(93		)	(93		)	(93		)
Net income attributable to common shareholders	$	3,903		$	3,903		$	6,112		$	6,112
Denominator
Weighted-average shares outstanding	170,518,095			170,518,095			176,143,206			176,143,206
Contingent securities/Share based compensation	—			251,983			—			547,618
Weighted-average shares outstanding	170,518,095			170,770,078			176,143,206			176,690,824
Earnings per Common Share:
Net income attributable to common shareholders	$	0.02		$	0.02		$	0.03		$	0.03

	Six Months Ended June 30,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	12,107		$	12,107		$	10,835		$	10,835
Net income attributable to noncontrolling interests	(89		)	(89		)	(107		)	(107		)
Nonforfeitable dividends allocated to unvested restricted shareholders	(224		)	(224		)	(212		)	(212		)
Net income attributable to common shareholders	$	11,794		$	11,794		$	10,516		$	10,516
Denominator
Weighted-average shares outstanding	173,294,031			173,294,031			176,001,071			176,001,071
Contingent securities/Share based compensation	—			311,917			—			577,069
Weighted-average shares outstanding	173,294,031			173,605,948			176,001,071			176,578,140
Earnings per Common Share:
Net income attributable to common shareholders	$	0.07		$	0.07		$	0.06		$	0.06

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):

	Three Months Ended June 30,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	4,020		$	4,020		$	6,252		$	6,252
Net income attributable to noncontrolling interests	(10		)	(10		)	(13		)	(13		)
Nonforfeitable dividends allocated to unvested restricted unitholders	(93		)	(93		)	(93		)	(93		)
Net income attributable to common unitholders	$	3,917		$	3,917		$	6,146		$	6,146
Denominator
Weighted-average units outstanding	171,499,729			171,499,729			177,125,064			177,125,064
Contingent securities/Share based compensation	—			251,983			—			547,619
Total weighted-average units outstanding	171,499,729			171,751,712			177,125,064			177,672,683
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	0.02			0.02			0.03			0.03

	Six Months Ended June 30,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	12,107		$	12,107		$	10,835		$	10,835
Net income attributable to noncontrolling interests	(22		)	(22		)	(47		)	(47		)
Nonforfeitable dividends allocated to unvested restricted unitholders	(224		)	(224		)	(212		)	(212		)
Net income attributable to common unitholders	$	11,861		$	11,861		$	10,576		$	10,576
Denominator
Weighted-average units outstanding	174,275,665			174,275,665			176,983,433			176,983,433
Contingent securities/Share based compensation	—			311,917			—			577,069
Total weighted-average units outstanding	174,275,665			174,587,582			176,983,433			177,560,502
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.07		$	0.07		$	0.06		$	0.06