Partners Equity of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31,
	2019						2018
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	4,066		$	4,066		$	44,705		$	44,705
Net income attributable to noncontrolling interests		(57	)		(57	)		(376	)		(376	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(119	)		(119	)		(114	)		(114	)
Net income attributable to common shareholders	$	3,890		$	3,890		$	44,215		$	44,215
Denominator
Weighted-average shares outstanding		175,857,358			175,857,358			178,395,525			178,395,525
Contingent securities/Share based compensation		-			606,860			-			1,392,786
Weighted-average shares outstanding		175,857,358			176,464,218			178,395,525			179,788,311
Earnings per Common Share:
Net income attributable to common shareholders	$	0.02		$	0.02		$	0.25		$	0.25

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 March 31,
	2019						2018
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	4,066		$	4,066		$	44,705		$	44,705
Net income attributable to noncontrolling interests		(34	)		(34	)		(5	)		(5	)
Nonforfeitable dividends allocated to unvested restricted unitholders		(119	)		(119	)		(114	)		(114	)
Net income attributable to common unitholders	$	3,913		$	3,913		$	44,586		$	44,586
Denominator
Weighted-average units outstanding		176,840,229			176,840,229			179,875,324			179,875,324
Contingent securities/Share based compensation		-			606,860			-			1,392,786
Total weighted-average units outstanding		176,840,229			177,447,089			179,875,324			181,268,110
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.02		$	0.02		$	0.25		$	0.25