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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total revenue $ 121,417 $ 131,782 $ 363,504 $ 383,612
Operating expenses        
Property operating expenses 31,412 31,900 96,303 95,532
Real estate taxes 11,647 11,892 34,586 37,019
Third party management expenses 2,350 2,487 7,467 7,456
Depreciation and amortization 43,005 44,301 131,120 133,530
General and administrative expenses 7,841 12,681 34,636 32,726
Provision for impairment 0 37,980 63,369 44,407
Total operating expenses 96,255 141,241 367,481 350,670
Gain on sale of real estate        
Net gain on disposition of real estate 35 0 3,008 0
Total gain on sale of real estate 35 0 3,008 0
Operating income (loss) 25,197 (9,459) (969) 32,942
Other income (expense):        
Interest and investment income 1,238 639 3,274 2,572
Interest expense (32,914) (30,561) (97,104) (85,104)
Interest expense - amortization of deferred financing costs (1,336) (1,247) (3,763) (3,753)
Equity in loss of unconsolidated real estate ventures (18,183) (125,862) (43,526) (153,957)
Net gain on real estate venture transactions 0 770 183 54,503
Gain on early extinguishment of debt 0 0 0 941
Net loss before income taxes (25,998) (165,720) (141,905) (151,856)
Income tax provision 0 0 (85) (11)
Net loss (25,998) (165,720) (141,990) (151,867)
Net loss attributable to noncontrolling interests 79 500 427 452
Net loss attributable to Brandywine Realty Trust (25,919) (165,220) (141,563) (151,415)
Nonforfeitable dividends allocated to unvested restricted shareholders (313) (276) (1,064) (889)
Net loss attributable to Common Shareholders of Brandywine Realty Trust $ (26,232) $ (165,496) $ (142,627) $ (152,304)
Basic loss per Common Share (in dollars per share) $ (0.15) $ (0.96) $ (0.82) $ (0.88)
Diluted loss per Common Share (in dollars per share) $ (0.15) $ (0.96) $ (0.82) $ (0.88)
Basic weighted average shares outstanding (in shares) 173,699,312 172,668,731 173,385,330 172,480,325
Diluted weighted average shares outstanding (in shares) 173,699,312 172,668,731 173,385,330 172,480,325
Rents        
Revenue        
Total revenue $ 114,742 $ 117,958 $ 343,366 $ 354,975
Third party management fees, labor reimbursement and leasing        
Revenue        
Total revenue 4,540 6,093 15,242 17,685
Other        
Revenue        
Total revenue $ 2,135 $ 7,731 $ 4,896 $ 10,952