Partners Equity of the Operating Partnership (Tables)

6 Months Ended

Jun. 30, 2018

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,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	13,136		$	13,136		$	7,698		$	7,698
Net income attributable to noncontrolling interests		(130	)		(130	)		(45	)		(45	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(86	)		(86	)		(73	)		(73	)
Preferred share dividends		-			-			(307	)		(307	)
Preferred share redemption charge		-			-			(3,181	)		(3,181	)
Net income attributable to common shareholders	$	12,920		$	12,920		$	4,092		$	4,092
Denominator
Weighted-average shares outstanding		178,547,555			178,547,555			175,333,300			175,333,300
Contingent securities/Share based compensation		-			1,144,781			-			1,423,298
Weighted-average shares outstanding		178,547,555			179,692,336			175,333,300			176,756,598
Earnings per Common Share:
Net income attributable to common shareholders	$	0.07		$	0.07		$	0.02		$	0.02

	Six-month periods ended June 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	57,841		$	57,841		$	28,969		$	28,969
Net income attributable to noncontrolling interests		(506	)		(506	)		(214	)		(214	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(200	)		(200	)		(172	)		(172	)
Preferred share dividends		-			-			(2,032	)		(2,032	)
Preferred share redemption charge		-			-			(3,181	)		(3,181	)
Net income attributable to common shareholders	$	57,135		$	57,135		$	23,370		$	23,370
Denominator
Weighted-average shares outstanding		178,471,960			178,471,960			175,255,564			175,255,564
Contingent securities/Share based compensation		-			1,268,730			-			1,224,816
Weighted-average shares outstanding		178,471,960			179,740,690			175,255,564			176,480,380
Earnings per Common Share:
Net income attributable to common shareholders	$	0.32		$	0.32		$	0.13		$	0.13

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,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	13,136		$	13,136		$	7,698		$	7,698
Net income attributable to noncontrolling interests		(21	)		(21	)		(8	)		(8	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(86	)		(86	)		(73	)		(73	)
Preferred unit dividends		-			-			(307	)		(307	)
Preferred unit redemption charge		-			-			(3,181	)		(3,181	)
Net income attributable to common unitholders	$	13,029		$	13,029		$	4,129		$	4,129
Denominator
Weighted-average units outstanding		180,027,354			180,027,354			176,813,099			176,813,099
Contingent securities/Share based compensation		-			1,144,781			-			1,423,298
Total weighted-average units outstanding		180,027,354			181,172,135			176,813,099			178,236,397
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.07		$	0.07		$	0.02		$	0.02

	Six-month periods ended June 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	57,841		$	57,841		$	28,969		$	28,969
Net income attributable to noncontrolling interests		(26	)		(26	)		(13	)		(13	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(200	)		(200	)		(172	)		(172	)
Preferred unit dividends		-			-			(2,032	)		(2,032	)
Preferred unit redemption charge		-			-			(3,181	)		(3,181	)
Net income attributable to common unitholders	$	57,615		$	57,615		$	23,571		$	23,571
Denominator
Weighted-average units outstanding		179,951,759			179,951,759			176,735,363			176,735,363
Contingent securities/Share based compensation		-			1,268,730			-			1,224,816
Total weighted-average units outstanding		179,951,759			181,220,489			176,735,363			177,960,179
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.32		$	0.32		$	0.13		$	0.13