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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Revenue $ 120,102 $ 136,837 $ 240,871 $ 281,925
Operating expenses        
Property operating expenses 29,264 33,292 58,199 70,753
Real estate taxes 14,602 16,815 29,363 33,602
Third party management expenses 3,561 2,375 6,539 5,037
Depreciation and amortization 42,785 49,743 83,128 101,781
General and administrative expenses 8,356 8,343 14,940 16,904
Total operating expenses 98,568 110,568 192,169 228,077
Gain on sale of real estate        
Net gain on disposition of real estate 68 0 142 2,586
Net gain on sale of undepreciated real estate 0 201 1,993 201
Total gain on sale of real estate 68 201 2,135 2,787
Operating income 21,602 26,470 50,837 56,635
Other income (expense):        
Interest and investment income 1,677 445 3,351 1,020
Interest expense (15,490) (20,191) (31,783) (40,200)
Interest expense - amortization of deferred financing costs (709) (731) (1,418) (1,480)
Equity in loss of unconsolidated real estate ventures (7,240) (2,203) (14,164) (4,094)
Net income (loss) before income taxes (160) 3,790 6,823 11,881
Income tax (provision) benefit (15) 230 (34) 226
Net income (loss) (175) 4,020 6,789 12,107
Net (income) loss attributable to noncontrolling interests 8 (24) (35) (89)
Net income (loss) attributable to Brandywine Realty Trust (167) 3,996 6,754 12,018
Nonforfeitable dividends allocated to unvested restricted shareholders (94) (93) (240) (224)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust $ (261) $ 3,903 $ 6,514 $ 11,794
Basic income per Common Share (in dollars per share) $ 0 $ 0.02 $ 0.04 $ 0.07
Diluted income per Common Share (in dollars per share) $ 0 $ 0.02 $ 0.04 $ 0.07
Basic weighted average shares outstanding (in shares) 170,848,894 170,518,095 170,737,437 173,294,031
Diluted weighted average shares outstanding (in shares) 170,848,894 170,770,078 171,996,119 173,605,948
BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Revenue $ 120,102 $ 136,837 $ 240,871 $ 281,925
Operating expenses        
Property operating expenses 29,264 33,292 58,199 70,753
Real estate taxes 14,602 16,815 29,363 33,602
Third party management expenses 3,561 2,375 6,539 5,037
Depreciation and amortization 42,785 49,743 83,128 101,781
General and administrative expenses 8,356 8,343 14,940 16,904
Total operating expenses 98,568 110,568 192,169 228,077
Gain on sale of real estate        
Net gain on disposition of real estate 68 0 142 2,586
Net gain on sale of undepreciated real estate 0 201 1,993 201
Total gain on sale of real estate 68 201 2,135 2,787
Operating income 21,602 26,470 50,837 56,635
Other income (expense):        
Interest and investment income 1,677 445 3,351 1,020
Interest expense (15,490) (20,191) (31,783) (40,200)
Interest expense - amortization of deferred financing costs (709) (731) (1,418) (1,480)
Equity in loss of unconsolidated real estate ventures (7,240) (2,203) (14,164) (4,094)
Net income (loss) before income taxes (160) 3,790 6,823 11,881
Income tax (provision) benefit (15) 230 (34) 226
Net income (loss) (175) 4,020 6,789 12,107
Net (income) loss attributable to noncontrolling interests - consolidated real estate ventures 1 (10) 2 (22)
Net income (loss) attributable to Brandywine Operating Partnership (174) 4,010 6,791 12,085
Nonforfeitable dividends allocated to unvested restricted shareholders (94) (93) (240) (224)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust $ (268) $ 3,917 $ 6,551 $ 11,861
Basic income per Common Share (in dollars per share) $ 0 $ 0.02 $ 0.04 $ 0.07
Diluted income per Common Share (in dollars per share) $ 0 $ 0.02 $ 0.04 $ 0.07
Basic weighted average shares outstanding (in shares) 171,792,415 171,499,729 171,699,909 174,275,665
Diluted weighted average shares outstanding (in shares) 171,792,415 171,751,712 172,958,591 174,587,582
Rents        
Revenue        
Revenue $ 111,235 $ 132,180 $ 224,719 $ 271,384
Rents | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Revenue 111,235 132,180 224,719 271,384
Third party management fees, labor reimbursement and leasing        
Revenue        
Revenue 6,627 4,061 13,278 9,015
Third party management fees, labor reimbursement and leasing | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Revenue 6,627 4,061 13,278 9,015
Other        
Revenue        
Revenue 2,240 596 2,874 1,526
Other | BRANDYWINE OPERATING PARTNERSHIP, L.P.        
Revenue        
Revenue $ 2,240 $ 596 $ 2,874 $ 1,526