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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate investments:    
Operating properties $ 3,392,734 $ 3,474,109
Accumulated depreciation (928,245) (896,561)
Right of use asset - operating leases, net 20,643 20,977
Operating real estate investments, net 2,485,132 2,598,525
Construction-in-progress 286,208 210,311
Land held for development 118,181 117,984
Prepaid leasehold interests in land held for development, net 27,762 39,185
Total real estate investments, net 2,917,283 2,966,005
Assets held for sale, net 7,349 7,349
Cash and cash equivalents 47,730 46,344
Accounts receivable 10,667 13,536
Accrued rent receivable, net of allowance of $5,033 and $5,086 as of June 30, 2021 and December 31, 2020, respectively 162,479 155,372
Investment in unconsolidated real estate ventures 441,464 401,327
Deferred costs, net 83,957 84,856
Intangible assets, net 39,726 48,570
Other assets 178,903 176,747
Total assets 3,889,558 3,900,106
LIABILITIES AND EQUITY    
Unsecured credit facility 58,000 0
Unsecured term loan, net 249,346 249,084
Unsecured senior notes, net 1,581,245 1,581,511
Accounts payable and accrued expenses 109,639 121,982
Distributions payable 32,727 32,706
Deferred income, gains and rent 22,917 21,396
Intangible liabilities, net 15,829 18,448
Lease liability - operating leases 22,860 22,758
Other liabilities 45,942 47,573
Total liabilities 2,138,505 2,095,458
Commitments and contingencies (See Note 15)
Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 170,900,491 and 170,572,964 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 1,709 1,707
Additional paid-in-capital 3,140,575 3,138,152
Deferred compensation payable in common shares 18,491 17,516
Common shares in grantor trust, 1,175,343 and 1,160,494 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively (18,491) (17,516)
Cumulative earnings 1,116,837 1,110,083
Accumulated other comprehensive loss (5,427) (7,561)
Cumulative distributions (2,513,373) (2,448,238)
Total Brandywine Realty Trust's equity 1,740,321 1,794,143
Noncontrolling interests 10,732 10,505
Total beneficiaries' equity 1,751,053 1,804,648
Total liabilities and beneficiaries' equity 3,889,558 3,900,106
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Real estate investments:    
Operating properties 3,392,734 3,474,109
Accumulated depreciation (928,245) (896,561)
Right of use asset - operating leases, net 20,643 20,977
Operating real estate investments, net 2,485,132 2,598,525
Construction-in-progress 286,208 210,311
Land held for development 118,181 117,984
Prepaid leasehold interests in land held for development, net 27,762 39,185
Total real estate investments, net 2,917,283 2,966,005
Assets held for sale, net 7,349 7,349
Cash and cash equivalents 47,730 46,344
Accounts receivable 10,667 13,536
Accrued rent receivable, net of allowance of $5,033 and $5,086 as of June 30, 2021 and December 31, 2020, respectively 162,479 155,372
Investment in unconsolidated real estate ventures 441,464 401,327
Deferred costs, net 83,957 84,856
Intangible assets, net 39,726 48,570
Other assets 178,903 176,747
Total assets 3,889,558 3,900,106
LIABILITIES AND EQUITY    
Unsecured credit facility 58,000 0
Unsecured term loan, net 249,346 249,084
Unsecured senior notes, net 1,581,245 1,581,511
Accounts payable and accrued expenses 109,639 121,982
Distributions payable 32,727 32,706
Deferred income, gains and rent 22,917 21,396
Intangible liabilities, net 15,829 18,448
Lease liability - operating leases 22,860 22,758
Other liabilities 45,942 47,573
Total liabilities 2,138,505 2,095,458
Commitments and contingencies (See Note 15)
Equity:    
Redeemable limited partnership units at redemption value; 823,983 and 981,634 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 11,450 11,566
General Partnership Capital; 170,900,491 and 170,572,964 units issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 1,745,322 1,800,945
Accumulated other comprehensive loss (5,789) (7,935)
Total Brandywine Operating Partnership, L.P.'s equity 1,739,533 1,793,010
Noncontrolling interest - consolidated real estate ventures 70 72
Total partners' equity 1,739,603 1,793,082
Total liabilities and beneficiaries' equity $ 3,889,558 $ 3,900,106