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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate investments:    
Operating properties $ 3,409,605 $ 3,542,232
Accumulated depreciation (1,156,992) (1,131,792)
Right of use asset - operating leases, net 18,565 19,031
Operating real estate investments, net 2,271,178 2,429,471
Construction-in-progress 166,278 135,529
Land held for development 78,259 82,510
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,543,477 2,675,272
Cash and cash equivalents 36,498 58,319
Restricted cash and escrows 6,195 9,215
Accounts receivable 8,669 11,977
Accrued rent receivable, net of allowance of $1,332 and $2,672 as of September 30, 2024 and December 31, 2023, respectively 187,873 186,708
Investment in unconsolidated real estate ventures 602,700 601,227
Deferred costs, net 86,390 95,984
Intangible assets, net 6,249 7,694
Other assets 121,509 86,051
Total assets 3,599,560 3,732,447
LIABILITIES AND BENEFICIARIES' EQUITY    
Secured debt, net 272,181 255,671
Unsecured credit facility 40,000 0
Unsecured term loans, net 331,797 318,499
Unsecured senior notes, net 1,617,795 1,564,662
Accounts payable and accrued expenses 137,406 123,825
Distributions payable 26,230 26,017
Deferred income, gains and rent 21,453 24,248
Intangible liabilities, net 7,558 8,270
Lease liability - operating leases 23,502 23,369
Other liabilities 16,908 63,729
Total liabilities 2,494,830 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; 172,665,995 and 172,097,661 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 1,724 1,719
Additional paid-in-capital 3,178,214 3,163,949
Deferred compensation payable in common shares 20,456 19,965
Common shares in grantor trust, 1,221,333 and 1,194,127 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively (20,456) (19,965)
Cumulative earnings 827,991 979,406
Accumulated other comprehensive loss (3,773) (668)
Cumulative distributions (2,905,554) (2,827,022)
Total Brandywine Realty Trust's equity 1,098,602 1,317,384
Noncontrolling interests 6,128 6,773
Total beneficiaries' equity 1,104,730 1,324,157
Total liabilities and beneficiaries' equity $ 3,599,560 $ 3,732,447