Partners Equity of the Operating Partnership (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

	Three-month periods ended June 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income (loss) from continuing operations	$	7,698		$	7,698		$	(1,323	)	$	(1,323	)
Net (income) loss from continuing operations attributable to non-controlling interests		(45	)		(45	)		22			22
Nonforfeitable dividends allocated to unvested restricted shareholders		(73	)		(73	)		(79	)		(79	)
Preferred share dividends		(307	)		(307	)		(1,725	)		(1,725	)
Preferred share redemption charge		(3,181	)		(3,181	)		-			-
Net income (loss) attributable to common shareholders	$	4,092		$	4,092		$	(3,105	)	$	(3,105	)
Denominator
Weighted-average shares outstanding		175,333,300			175,333,300			175,013,291			175,013,291
Contingent securities/Share based compensation		-			1,423,298			-			-
Weighted-average shares outstanding		175,333,300			176,756,598			175,013,291			175,013,291
Earnings per Common Share:
Net income (loss) attributable to common shareholders	$	0.02		$	0.02		$	(0.02	)	$	(0.02	)

	Six-month periods ended June 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	28,969		$	28,969		$	44,987		$	44,987
Net income from continuing operations attributable to non-controlling interests		(214	)		(214	)		(367	)		(367	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(172	)		(172	)		(184	)		(184	)
Preferred share dividends		(2,032	)		(2,032	)		(3,450	)		(3,450	)
Preferred share redemption charge		(3,181	)		(3,181	)		-			-
Net income attributable to common shareholders	$	23,370		$	23,370		$	40,986		$	40,986
Denominator
Weighted-average shares outstanding		175,255,564			175,255,564			174,901,118			174,901,118
Contingent securities/Share based compensation		-			1,224,816			-			922,852
Weighted-average shares outstanding		175,255,564			176,480,380			174,901,118			175,823,970
Earnings per Common Share:
Net income attributable to common shareholders	$	0.13		$	0.13		$	0.23		$	0.23

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):

	Three-month periods ended June 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income (loss) from continuing operations	$	7,698		$	7,698		$	(1,323	)	$	(1,323	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(73	)		(73	)		(79	)		(79	)
Preferred unit dividends		(307	)		(307	)		(1,725	)		(1,725	)
Preferred unit redemption charge		(3,181	)		(3,181	)		-			-
Net income attributable to non-controlling interests		(8	)		(8	)		(4	)		(4	)
Net income (loss) attributable to common unitholders	$	4,129		$	4,129		$	(3,131	)	$	(3,131	)
Denominator
Weighted-average units outstanding		176,813,099			176,813,099			176,541,708			176,541,708
Contingent securities/Share based compensation		-			1,423,298			-			-
Total weighted-average units outstanding		176,813,099			178,236,397			176,541,708			176,541,708
Earnings per Common Partnership Unit:
Net income (loss) attributable to common unitholders	$	0.02		$	0.02		$	(0.02	)	$	(0.02	)

	Six-month periods ended June 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	28,969		$	28,969		$	44,987		$	44,987
Nonforfeitable dividends allocated to unvested restricted unitholders		(172	)		(172	)		(184	)		(184	)
Preferred unit dividends		(2,032	)		(2,032	)		(3,450	)		(3,450	)
Preferred unit redemption charge		(3,181	)		(3,181	)		-			-
Net income attributable to non-controlling interests		(13	)		(13	)		(6	)		(6	)
Net income attributable to common unitholders	$	23,571		$	23,571		$	41,347		$	41,347
Denominator
Weighted-average units outstanding		176,735,363			176,735,363			176,432,877			176,432,877
Contingent securities/Share based compensation		-			1,224,816			-			922,853
Total weighted-average units outstanding		176,735,363			177,960,179			176,432,877			177,355,730
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.13		$	0.13		$	0.23		$	0.23