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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue            
Total revenue $ 120,571   $ 125,346   $ 242,087 $ 251,830
Operating expenses            
Property operating expenses 31,365   31,353   64,891 63,632
Real estate taxes 11,507   12,535   22,939 25,127
Third party management expenses 2,484   2,426   5,117 4,969
Depreciation and amortization 43,762   44,187   88,115 89,229
General and administrative expenses 9,325   8,941   26,795 20,045
Provision for impairment 63,369   6,427   63,369 6,427
Total operating expenses 161,812   105,869   271,226 209,429
Gain (loss) on sale of real estate            
Net gain (loss) on disposition of real estate (86)   0   2,973 0
Total gain (loss) on sale of real estate (86)   0   2,973 0
Operating income (loss) (41,327)   19,477   (26,166) 42,401
Other income (expense):            
Interest and investment income 850   1,512   2,036 1,933
Interest expense (32,345)   (29,494)   (64,190) (54,543)
Interest expense - amortization of deferred financing costs (1,197)   (1,415)   (2,427) (2,506)
Equity in loss of unconsolidated real estate ventures (14,832)   (14,507)   (25,343) (28,095)
Net gain on real estate venture transactions 0   53,762   183 53,733
Gain on early extinguishment of debt 0   941   0 941
Net income (loss) before income taxes (88,851)   30,276   (115,907) 13,864
Income tax provision (85)   (9)   (85) (11)
Net income (loss) (88,936) $ (27,056) 30,267 $ (16,414) (115,992) 13,853
Net (income) loss attributable to noncontrolling interests 267   (94)   348 (48)
Net income (loss) attributable to Brandywine Realty Trust (88,669)   30,173   (115,644) 13,805
Nonforfeitable dividends allocated to unvested restricted shareholders (322)   (277)   (751) (613)
Net income (loss) attributable to Common Shareholders of Brandywine Realty Trust $ (88,991)   $ 29,896   $ (116,395) $ 13,192
Basic income (loss) per Common Share (in dollars per share) $ (0.51)   $ 0.17   $ (0.67) $ 0.08
Diluted income (loss) per Common Share (in dollars per share) $ (0.51)   $ 0.17   $ (0.67) $ 0.08
Basic weighted average shares outstanding (in shares) 173,532,583   172,563,136   173,225,737 172,385,087
Diluted weighted average shares outstanding (in shares) 173,532,583   174,695,651   173,225,737 174,342,151
Rents            
Revenue            
Total revenue $ 114,196   $ 118,009   $ 228,624 $ 237,017
Third party management fees, labor reimbursement and leasing            
Revenue            
Total revenue 4,873   5,698   10,702 11,592
Other            
Revenue            
Total revenue $ 1,502   $ 1,639   $ 2,761 $ 3,221