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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate investments:    
Operating properties $ 3,546,602 $ 3,542,232
Accumulated depreciation (1,192,146) (1,131,792)
Right of use asset - operating leases, net 18,720 19,031
Operating real estate investments, net 2,373,176 2,429,471
Construction-in-progress 152,888 135,529
Land held for development 83,051 82,510
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,636,877 2,675,272
Cash and cash equivalents 30,369 58,319
Restricted cash and escrows 6,144 9,215
Accounts receivable 10,867 11,977
Accrued rent receivable, net of allowance of $1,332 and $2,672 as of June 30, 2024 and December 31, 2023, respectively 191,802 186,708
Investment in unconsolidated real estate ventures 680,136 601,227
Deferred costs, net 92,931 95,984
Intangible assets, net 6,672 7,694
Other assets 98,382 86,051
Total assets 3,754,180 3,732,447
LIABILITIES AND BENEFICIARIES' EQUITY    
Secured debt, net 267,851 255,671
Unsecured credit facility 25,000 0
Unsecured term loans, net 331,646 318,499
Unsecured senior notes, net 1,617,063 1,564,662
Accounts payable and accrued expenses 115,531 123,825
Distributions payable 26,234 26,017
Deferred income, gains and rent 26,236 24,248
Intangible liabilities, net 7,786 8,270
Lease liability - operating leases 23,459 23,369
Other liabilities 13,977 63,729
Total liabilities 2,454,783 2,408,290
Commitments and contingencies (See Note 14)
Brandywine Realty Trust's Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 172,678,090 and 172,097,661 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 1,724 1,719
Additional paid-in-capital 3,171,011 3,163,949
Deferred compensation payable in common shares 20,456 19,965
Common shares in grantor trust, 1,252,467 and 1,194,127 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively (20,456) (19,965)
Cumulative earnings 993,211 979,406
Accumulated other comprehensive income (loss) 6,117 (668)
Cumulative distributions (2,879,378) (2,827,022)
Total Brandywine Realty Trust's equity 1,292,685 1,317,384
Noncontrolling interests 6,712 6,773
Total beneficiaries' equity 1,299,397 1,324,157
Total liabilities and beneficiaries' equity $ 3,754,180 $ 3,732,447