XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real estate investments:    
Operating properties $ 3,265,410 $ 3,374,780
Accumulated depreciation (1,234,678) (1,171,803)
Right of use asset - operating leases, net 17,957 18,412
Operating real estate investments, net 2,048,689 2,221,389
Construction-in-progress 94,635 94,628
Land held for development 73,395 81,318
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,244,481 2,425,097
Cash and cash equivalents 75,478 90,229
Restricted cash and escrows 1,050 5,948
Accounts receivable 15,493 12,703
Accrued rent receivable, net of allowance of $424 and $909 as of September 30, 2025 and December 31, 2024, respectively 183,153 184,312
Investment in unconsolidated real estate ventures 594,203 570,455
Deferred costs, net 77,449 84,317
Intangible assets, net 3,845 5,505
Other assets 124,249 113,647
Total assets 3,319,401 3,492,213
LIABILITIES AND BENEFICIARIES' EQUITY    
Secured debt, net 243,171 275,338
Accounts payable and accrued expenses 128,485 129,717
Distributions payable 14,108 26,256
Deferred income, gains and rent 16,041 35,414
Intangible liabilities, net 6,536 7,292
Lease liability - operating leases 23,676 23,546
Other liabilities 14,203 12,587
Total liabilities 2,472,499 2,447,626
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; 173,699,039 and 172,665,995 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 1,734 1,724
Additional paid-in-capital 3,198,013 3,182,621
Deferred compensation payable in common shares 23,069 20,456
Common shares in grantor trust, 1,583,000 and 1,221,333 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively (23,069) (20,456)
Cumulative earnings 641,936 783,499
Accumulated other comprehensive income (loss) (1,556) 2,521
Cumulative distributions (2,998,577) (2,931,730)
Total Brandywine Realty Trust's equity 841,550 1,038,635
Noncontrolling interests 5,352 5,952
Total beneficiaries' equity 846,902 1,044,587
Total liabilities and beneficiaries' equity 3,319,401 3,492,213
Unsecured Debt    
LIABILITIES AND BENEFICIARIES' EQUITY    
Unsecured loans, net 249,288 318,949
Senior Notes    
LIABILITIES AND BENEFICIARIES' EQUITY    
Unsecured loans, net $ 1,776,991 $ 1,618,527