Partners Equity of the Operating Partnership (Tables)

12 Months Ended

Dec. 31, 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):

	Year ended December 31,
	2018						2017						2016
	Basic			Diluted			Basic			Diluted			Basic			Diluted
Numerator
Net income	$	137,289		$	137,289		$	121,859		$	121,859		$	40,501		$	40,501
Net income attributable to noncontrolling interests		(965	)		(965	)		(1,009	)		(1,009	)		(310	)		(310	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(369	)		(369	)		(327	)		(327	)		(341	)		(341	)
Distribution to preferred shareholders		-			-			(2,032	)		(2,032	)		(6,900	)		(6,900	)
Preferred share redemption charge		-			-			(3,181	)		(3,181	)		-			-
Net income attributable to common shareholders	$	135,955		$	135,955		$	115,310		$	115,310		$	32,950		$	32,950
Denominator
Weighted-average shares outstanding		178,519,748			178,519,748			175,484,350			175,484,350			175,018,163			175,018,163
Contingent securities/Share based compensation		-			1,121,744			-			1,323,816			-			992,651
Weighted-average shares outstanding		178,519,748			179,641,492			175,484,350			176,808,166			175,018,163			176,010,814
Earnings per Common Share:
Net income attributable to common shareholders	$	0.76		$	0.76		$	0.66		$	0.65		$	0.19		$	0.19

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):

	Year ended December 31,
	2018						2017						2016
	Basic			Diluted			Basic			Diluted			Basic			Diluted
Numerator
Net income	$	137,289		$	137,289		$	121,859		$	121,859		$	40,501		$	40,501
Net income attributable to noncontrolling interests		(55	)		(55	)		(29	)		(29	)		(15	)		(15	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(369	)		(369	)		(327	)		(327	)		(341	)		(341	)
Preferred unit dividends		-			-			(2,032	)		(2,032	)		(6,900	)		(6,900	)
Preferred unit redemption charge		-			-			(3,181	)		(3,181	)		-			-
Net income attributable to common unitholders	$	136,865		$	136,865		$	116,290		$	116,290		$	33,245		$	33,245
Denominator
Weighted-average units outstanding		179,959,370			179,959,370			176,964,149			176,964,149			176,523,800			176,523,800
Contingent securities/Share based compensation		-			1,121,744			-			1,323,816			-			992,651
Total weighted-average units outstanding		179,959,370			181,081,114			176,964,149			178,287,965			176,523,800			177,516,451
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.76		$	0.76		$	0.66		$	0.65		$	0.19		$	0.19