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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Revenue $ 127,505 $ 120,769
Operating expenses    
Property operating expenses 31,548 28,935
Real estate taxes 13,813 14,761
Third party management expenses 2,557 2,978
Depreciation and amortization 43,782 40,343
General and administrative expenses 10,000 6,584
Total operating expenses 101,700 93,601
Gain on sale of real estate    
Net gain on disposition of real estate 0 74
Net gain on sale of undepreciated real estate 897 1,993
Total gain on sale of real estate 897 2,067
Operating income 26,702 29,235
Other income (expense):    
Interest and investment income 440 1,674
Interest expense (15,742) (16,293)
Interest expense - amortization of deferred financing costs (709) (709)
Equity in loss of unconsolidated real estate ventures (4,563) (6,924)
Net income before income taxes 6,128 6,983
Income tax provision (27) (19)
Net income 6,101 6,964
Net income attributable to noncontrolling interests (8) (43)
Net income attributable to Brandywine Realty Trust 6,093 6,921
Nonforfeitable dividends allocated to unvested restricted shareholders (148) (146)
Net income attributable to Common Partnership Unitholders of Brandywine Operating Partnership, L.P. $ 5,945 $ 6,775
Basic income per Common Share (in dollars per share) $ 0.03 $ 0.04
Diluted income per Common Share (in dollars per share) $ 0.03 $ 0.04
Basic weighted average shares outstanding (in shares) 171,294,949 170,624,741
Weighted average units outstanding, diluted (in shares) 172,888,994 171,636,120
Rents    
Revenue    
Revenue $ 115,901 $ 113,484
Third party management fees, labor reimbursement and leasing    
Revenue    
Revenue 5,108 6,651
Other    
Revenue    
Revenue $ 6,496 $ 634