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CONSOLIDATED STATEMENTS OF OPERATIONS - BRANDYWINE OPERATING PARTNERSHIP, L.P. - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Total revenue $ 121,516 $ 126,484
Operating expenses    
Property operating expenses 33,526 32,279
Real estate taxes 11,432 12,592
Third party management expenses 2,633 2,543
Depreciation and amortization 44,353 45,042
General and administrative expenses 17,470 11,104
Total operating expenses 109,414 103,560
Gain on sale of real estate    
Net gain on disposition of real estate 3,059 0
Total gain on sale of real estate 3,059 0
Operating income 15,161 22,924
Other income (expense):    
Interest and investment income 1,186 421
Interest expense (31,845) (25,049)
Interest expense - amortization of deferred financing costs (1,230) (1,091)
Equity in loss of unconsolidated real estate ventures (10,511) (13,588)
Net gain (loss) on real estate venture transactions 183 (29)
Net loss before income taxes (27,056) (16,412)
Income tax provision 0 (2)
Net loss (27,056) (16,414)
Nonforfeitable dividends allocated to unvested restricted unitholders (429) (336)
Net loss attributable to Common Shareholders of Brandywine Realty Trust $ (27,404) $ (16,704)
Basic loss per Common Partnership Unit (in dollars per share) $ (0.16) $ (0.10)
Diluted loss per Common Partnership Unit (in dollars per share) $ (0.16) $ (0.10)
Basic weighted average common partnership units outstanding (in shares) 172,915,482 172,207,037
Diluted weighted average common partnership units outstanding (in shares) 172,915,482 172,207,037
Brandywine Operating Partnership, L.P.    
Revenue    
Total revenue $ 121,516 $ 126,484
Operating expenses    
Property operating expenses 33,526 32,279
Real estate taxes 11,432 12,592
Third party management expenses 2,633 2,543
Depreciation and amortization 44,353 45,042
General and administrative expenses 17,470 11,104
Total operating expenses 109,414 103,560
Gain on sale of real estate    
Net gain on disposition of real estate 3,059 0
Total gain on sale of real estate 3,059 0
Operating income 15,161 22,924
Other income (expense):    
Interest and investment income 1,186 421
Interest expense (31,845) (25,049)
Interest expense - amortization of deferred financing costs (1,230) (1,091)
Equity in loss of unconsolidated real estate ventures (10,511) (13,588)
Net gain (loss) on real estate venture transactions 183 (29)
Net loss before income taxes (27,056) (16,412)
Income tax provision 0 (2)
Net loss (27,056) (16,414)
Net income attributable to noncontrolling interests - consolidated real estate ventures 0 (3)
Net loss attributable to Brandywine Operating Partnership, L.P. (27,056) (16,417)
Nonforfeitable dividends allocated to unvested restricted unitholders (429) (336)
Net loss attributable to Common Shareholders of Brandywine Realty Trust $ (27,485) $ (16,753)
Basic loss per Common Partnership Unit (in dollars per share) $ (0.16) $ (0.10)
Diluted loss per Common Partnership Unit (in dollars per share) $ (0.16) $ (0.10)
Basic weighted average common partnership units outstanding (in shares) 173,431,077 172,722,632
Diluted weighted average common partnership units outstanding (in shares) 173,431,077 172,722,632
Rents    
Revenue    
Total revenue $ 114,428 $ 119,008
Rents | Brandywine Operating Partnership, L.P.    
Revenue    
Total revenue 114,428 119,008
Third party management fees, labor reimbursement and leasing    
Revenue    
Total revenue 5,829 5,894
Third party management fees, labor reimbursement and leasing | Brandywine Operating Partnership, L.P.    
Revenue    
Total revenue 5,829 5,894
Other    
Revenue    
Total revenue 1,259 1,582
Other | Brandywine Operating Partnership, L.P.    
Revenue    
Total revenue $ 1,259 $ 1,582