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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Rents $ 120,416 $ 113,006 $ 241,145 $ 227,048
Tenant reimbursements 18,969 17,234 42,025 38,050
Termination fees 1,948 1,331 2,516 3,085
Third party management fees, labor reimbursement and leasing 2,733 2,904 5,486 6,371
Other 1,341 1,022 2,439 1,943
Total revenue 145,407 135,497 293,611 276,497
Operating Expenses:        
Property operating expenses 40,595 38,018 86,614 82,336
Real estate taxes 14,474 13,383 28,871 26,121
Third party management expenses 1,506 1,493 3,016 2,905
Depreciation and amortization 58,014 51,289 109,688 103,318
General and administrative expenses 5,890 6,653 12,134 12,745
Total operating expenses 120,479 110,836 240,323 227,425
Operating income 24,928 24,661 53,288 49,072
Other Income (Expense):        
Interest income 421 963 862 1,828
Interest expense (34,738) (31,210) (67,131) (62,734)
Interest expense - amortization of deferred financing costs (1,070) (862) (1,998) (1,873)
Equity in income of real estate ventures 1,088 1,025 2,321 2,321
Net gain on sale of interests in real estate     2,791  
Loss on early extinguishment of debt (756) (445) (756) (1,637)
Loss from continuing operations (10,127) (5,868) (10,623) (13,023)
Discontinued operations:        
Income from discontinued operations 57 268 63 675
Net gain on disposition of discontinued operations 3,836   3,836 6,349
Total discontinued operations 3,893 268 3,899 7,024
Net loss (6,234) (5,600) (6,724) (5,999)
Net income from discontinued operations attributable to non-controlling interests - LP units (78) (6) (78) (150)
Net loss attributable to non-controlling interests - LP units 243 165 294 360
Net loss attributable to non-controlling interests 165 159 216 210
Net loss attributable to Brandywine Realty Trust (6,069) (5,441) (6,508) (5,789)
Distribution to Preferred Shares (1,998) (1,998) (3,996) (3,996)
Amount allocable to unvested restricted shareholders, Basic (121) (128) (263) (256)
Net loss attributable to Common Shareholders of Brandywine Realty Trust (8,188) (7,567) (10,767) (10,041)
Basic loss per Common Share:        
Continuing operations $ (0.09) $ (0.06) $ (0.11) $ (0.13)
Discontinued operations $ 0.03 $ 0.00 $ 0.03 $ 0.05
Basic loss per Common Share $ (0.06) $ (0.06) $ (0.08) $ (0.08)
Diluted loss per Common Share:        
Continuing operations $ (0.09) $ (0.06) $ (0.11) $ (0.13)
Discontinued operations $ 0.03 $ 0.00 $ 0.03 $ 0.05
Diluted loss per Common Share $ (0.06) $ (0.06) $ (0.08) $ (0.08)
Basic weighted average shares outstanding 135,342,538 131,510,924 134,962,093 130,146,853
Diluted weighted average shares outstanding 135,342,538 131,510,924 134,962,093 130,146,853
Net loss attributable to Brandywine Realty Trust        
Loss from continuing operations (9,884) (5,703) (10,329) (12,663)
Income from discontinued operations 3,815 262 3,821 6,874
Net loss (6,069) (5,441) (6,508) (5,789)
BRANDYWINE OPERATING PARTNERSHIP, L.P.
       
Revenue:        
Rents 120,416 113,006 241,145 227,048
Tenant reimbursements 18,969 17,234 42,025 38,050
Termination fees 1,948 1,331 2,516 3,085
Third party management fees, labor reimbursement and leasing 2,733 2,904 5,486 6,371
Other 1,341 1,022 2,439 1,943
Total revenue 145,407 135,497 293,611 276,497
Operating Expenses:        
Property operating expenses 40,595 38,018 86,614 82,336
Real estate taxes 14,474 13,383 28,871 26,121
Third party management expenses 1,506 1,493 3,016 2,905
Depreciation and amortization 58,014 51,289 109,688 103,318
General and administrative expenses 5,890 6,653 12,134 12,745
Total operating expenses 120,479 110,836 240,323 227,425
Operating income 24,928 24,661 53,288 49,072
Other Income (Expense):        
Interest income 421 963 862 1,828
Interest expense (34,738) (31,210) (67,131) (62,734)
Interest expense - amortization of deferred financing costs (1,070) (862) (1,998) (1,873)
Equity in income of real estate ventures 1,088 1,025 2,321 2,321
Net gain on sale of interests in real estate     2,791  
Loss on early extinguishment of debt (756) (445) (756) (1,637)
Loss from continuing operations (10,127) (5,868) (10,623) (13,023)
Discontinued operations:        
Income from discontinued operations 57 268 63 675
Net gain on disposition of discontinued operations 3,836   3,836 6,349
Total discontinued operations 3,893 268 3,899 7,024
Net loss (6,234) (5,600) (6,724) (5,999)
Net loss attributable to Brandywine Realty Trust (6,234) (5,600) (6,724) (5,999)
Distribution to Preferred Shares (1,998) (1,998) (3,996) (3,996)
Amount allocable to unvested restricted shareholders, Basic (121) (128) (263) (256)
Net loss attributable to Common Shareholders of Brandywine Realty Trust (8,353) (7,726) (10,983) (10,251)
Basic loss per Common Share:        
Continuing operations $ (0.09) $ (0.06) $ (0.11) $ (0.13)
Discontinued operations $ 0.03 $ 0.00 $ 0.03 $ 0.05
Basic loss per Common Share $ (0.06) $ (0.06) $ (0.08) $ (0.08)
Diluted loss per Common Share:        
Continuing operations $ (0.09) $ (0.06) $ (0.11) $ (0.13)
Discontinued operations $ 0.03 $ 0.00 $ 0.03 $ 0.05
Diluted loss per Common Share $ (0.06) $ (0.06) $ (0.08) $ (0.08)
Basic weighted average shares outstanding 145,220,764 134,320,032 144,852,515 132,955,961
Diluted weighted average shares outstanding 145,220,764 134,320,032 144,852,515 132,955,961
Net loss attributable to Brandywine Realty Trust        
Loss from continuing operations (10,127) (5,868) (10,623) (13,023)
Income from discontinued operations 3,893 268 3,899 7,024
Net loss $ (6,234) $ (5,600) $ (6,724) $ (5,999)