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CONSOLIDATED STATEMENTS OF OPERATIONS - 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)
Net loss attributable to noncontrolling interests 81 46
Net loss attributable to Brandywine Realty Trust (26,975) (16,368)
Nonforfeitable dividends allocated to unvested restricted shareholders (429) (336)
Net loss attributable to common shareholders $ (27,404) $ (16,704)
Basic loss per Common Share (in dollars per share) $ (0.16) $ (0.10)
Diluted loss per Common Share (in dollars per share) $ (0.16) $ (0.10)
Basic weighted average shares outstanding (in shares) 172,915,482 172,207,037
Diluted weighted average shares outstanding (in shares) 172,915,482 172,207,037
Rents    
Revenue    
Total revenue $ 114,428 $ 119,008
Third party management fees, labor reimbursement and leasing    
Revenue    
Total revenue 5,829 5,894
Other    
Revenue    
Total revenue $ 1,259 $ 1,582