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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real estate investments:    
Operating properties $ 3,374,780 $ 3,542,232
Accumulated depreciation (1,171,803) (1,131,792)
Right of use asset - operating leases, net 18,412 19,031
Operating real estate investments, net 2,221,389 2,429,471
Construction-in-progress 94,628 135,529
Land held for development 81,318 82,510
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,425,097 2,675,272
Cash and cash equivalents 90,229 58,319
Restricted cash and escrows 5,948 9,215
Accounts receivable 12,703 11,977
Accrued rent receivable, net of allowance of $909 and $2,672 as of December 31, 2024 and December 31, 2023, respectively 184,312 186,708
Investment in unconsolidated real estate ventures 570,455 601,227
Deferred costs, net 84,317 95,984
Intangible assets, net 5,505 7,694
Other assets 113,647 86,051
Total assets 3,492,213 3,732,447
LIABILITIES AND BENEFICIARIES' EQUITY    
Secured term loans, net 275,338 255,671
Unsecured term loans, net 318,949 318,499
Unsecured senior notes, net 1,618,527 1,564,662
Accounts payable and accrued expenses 129,717 123,825
Distributions payable 26,256 26,017
Deferred income, gains and rent 35,414 24,248
Intangible liabilities, net 7,292 8,270
Lease liability - operating leases 23,546 23,369
Other liabilities 12,587 63,729
Total liabilities 2,447,626 2,408,290
Commitments and contingencies (See Note 19)
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 December 31, 2024 and December 31, 2023, respectively 1,724 1,719
Additional paid-in-capital 3,182,621 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 December 31, 2024 and December 31, 2023, respectively (20,456) (19,965)
Cumulative earnings 783,499 979,406
Accumulated other comprehensive income (loss) 2,521 (668)
Cumulative distributions (2,931,730) (2,827,022)
Total Brandywine Realty Trust's equity 1,038,635 1,317,384
Noncontrolling interests 5,952 6,773
Total beneficiaries' equity 1,044,587 1,324,157
Total liabilities and beneficiaries' equity $ 3,492,213 $ 3,732,447