Brandywine Realty Trust BDN Income Statement

Brandywine realty trust (BDN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenue
Revenue
580,417	544,345	520,493	525,463	602,631	596,982	562,210	535,679	538,568	540,432	567,920	580,932
Operating expenses
Property operating expenses
154,361	154,848	150,911	152,926	181,170	177,330	160,406	152,319	159,768	163,294	162,940	158,073
Real estate taxes
62,237	51,341	45,204	46,252	50,623	51,844	55,612	53,402	51,433	51,927	56,224	57,561
Third party management expenses
9,248	11,910	9,960	10,270	6,294	6,791	5,751	5,127	5,590	5,866	7,996	8,965
Depreciation and amortization
210,005	176,000	180,323	189,676	219,029	208,569	197,021	188,382	202,933	203,345	203,572	199,447
General and administrative expenses
32,156	27,802	28,538	26,596	29,406	26,779	27,628	25,413	24,602	23,306	20,821	23,002
Asset Impairment Charges
0	71,707	3,057	40,517	82,208	1,765	0	-	-	-	-	-
Total operating expenses
468,007	493,608	417,993	466,237	568,730	473,078	446,418	424,643	444,326	447,738	451,553	457,889
Gain on sale of real estate
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
356	2,932	32,017	116,983	20,496	4,901	0	-	-	-	-	-
Net gain on sale of undepreciated real estate
2,020	3,040	953	9,232	3,019	1,184	-137	0	0	0	0	-
Gain (Loss) on Sale of Properties
2,376	5,972	32,970	126,215	-	-	-	-	-	-	-	-
Provision for impairment on land inventory
-	-	-	-	-	-	-	-	-	-	-	10,841
Operating income
114,786	56,709	135,470	185,441	33,901	123,904	115,792	111,036	94,242	92,694	116,367	123,043
Other income (expense):
Interest income
2,318	4,703	1,113	1,236	1,224	3,974	1,044	3,008	1,810	3,218	2,499	1,839
Interest expense
-	-	-	679	1,237	1,144	972	850	0	-	-	-
Tax credit transaction income
-	-	-	-	-19,955	-11,853	-11,853	-11,840	-12,026	0	0	-
Interest Expense, Debt
81,512	78,199	81,886	84,708	110,717	124,329	121,937	132,939	131,405	0	-	-
Historic tax credit transaction income
-	-	-	-	-19,955	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	132,640	135,740	146,646
Amortization of Debt Issuance Costs
2,768	2,498	2,435	2,696	4,557	5,148	4,676	6,208	4,991	3,770	5,864	5,450
Recognized hedge activity
-	-	-	-	-	-828	0	-2,985	0	-	-916	-
Derivative Instruments, Gain (Loss) Recognized in Income, Net
-	-	-	-	-	-	-	-	-	0	-	-
Income (Loss) from Equity Method Investments
-9,922	-15,231	-8,306	-11,503	-811	-790	3,664	2,741	3,775	5,305	4,069	8,447
Net gain from remeasurement of investments in real estate ventures
-	-	-	-	-	-	-	0	2,985	-22	-3	-
Net gain from remeasurement of investments in real estate ventures
-	-	-	-	758	458	6,866	0	0	-	-	-
Net gain on real estate venture transactions
11,639	142,233	80,526	20,000	7,229	-417	29,604	-950	-222	-	-	-
Gain on promoted interest in unconsolidated real estate venture
0	28,283	0	0	-	-	-	-	-	-	-	-
Loss on real estate venture transactions
11,639	142,233	80,526	20,000	7,229	-	-	-	-222	0	0	-
Gain (Loss) on Extinguishment of Debt
0	-105	-3,933	-66,590	0	-7,594	-2,119	-22,002	-2,776	-2,110	23,176	18,105
Net income before income taxes
34,541	135,895	120,549	40,501	-30,740	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
12	423	-628	0	0	-	-	-	-	-	-	-
Provision for impairment on assets held for sale/sold
-	-	-	-	-	-	-	0	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	6,024	38,982	-37,309	-24,556	-37,325	3,588	-662
Discontinued operations:
Income from discontinued operations
-	-	-	-	-	18	825	9,064	12,794	8,739	6,960	17,564
Net gain on disposition of discontinued operations
-	-	-	-	-	900	3,382	34,774	7,047	10,980	1,241	28,473
Provision for impairment
-	-	-	-	-	-	-	-	-	-	3,700	6,850
Total discontinued operations
-	-	-	-	-	918	4,207	43,838	19,841	19,719	4,501	39,187
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
34,529	135,472	121,177	40,501	-30,740	6,942	43,189	6,529	-4,715	-17,606	8,089	38,525
Net (income) loss attributable to non-controlling interests
-	-	-	-	-	-	-	0	-	-	-	-
Net income from discontinued operations attributable to non-controlling interests
-	-	-	-	-	-	55	797	778	414	91	1,478
Net income attributable to noncontrolling interests - consolidated real estate ventures
-	-	-	-	-	-43	357	-	-	-	30	127
Net (income) loss attributable to non-controlling interests LP units
-	-	-	-	-	-	-	-863	-994	-946	-58	297
Net income attributable to noncontrolling interests
262	954	1,004	310	-339	-33	412	-66	-216	-532	63	1,308
Net income attributable to Brandywine Realty Trust
34,267	134,518	120,173	40,191	-30,401	6,975	42,777	6,595	-4,499	-17,074	8,026	37,217
Dividends, Preferred Stock
0	0	2,032	6,900	6,900	6,900	6,900	10,405	7,992	7,992	7,992	7,992
Preferred Stock Redemption Premium
0	0	3,181	0	0	-	-	4,052	0	0	-	-
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
396	369	327	341	329	349	363	376	505	512	279	763
Net income attributable to Common Shareholders of Brandywine Realty Trust
33,871	134,149	114,633	32,950	-37,630	-274	35,514	-8,238	-12,996	-25,578	-245	28,462
Basic income per Common Share:
Basic income per Common Share (in dollars per share)
0.19	0.75	0.65	0.19	-0.21	-0.01	0.20	-0.36	-0.24	-0.34	-0.04	-0.11
Discontinued operations (USD per share)
-	-	-	-	-	0.01	0.03	0.30	0.14	0.15	0.04	0.43
Earnings Per Share, Basic
-	-	-	-	-	0.00	0.23	-0.06	-0.10	-0.19	0.00	0.32
Diluted income per Common Share:
Discontinued operations (USD per share)
-	-	-	-	-	0.01	0.03	0.30	0.14	0.15	0.04	0.43
Earnings Per Share, Diluted
-	-	-	-	-	0.00	0.23	-0.06	-0.10	-0.19	0.00	0.32
Diluted income per Common Share (in dollars per share)
0.19	0.75	0.65	0.19	-0.21	-0.01	0.20	-0.36	-0.24	-0.34	-0.04	-0.11
Weighted Average Number of Shares Outstanding, Basic
176,132	178,519	175,484	175,018	178,162	166,202	153,140	143,257	135,444	131,743	111,898	87,574
Diluted weighted average shares outstanding (in shares)
176,686	179,641	176,808	176,010	178,162	166,202	154,414	143,257	135,444	131,743	113,251	87,583
Total continuing operations
-	-	-	-	-	6,067	38,625	-36,446	-23,562	-36,379	3,616	-492
Total discontinued operations
-	-	-	-	-	908	4,152	43,041	19,063	19,305	4,410	37,709
Net income (loss) attributable to Brandywine Realty Trust
34,267	134,518	120,173	40,191	-30,401	6,975	42,777	6,595	-4,499	-17,074	8,026	37,217
Net income (loss)
34,529	135,472	121,177	40,501	-30,740	6,942	43,189	6,529	-4,715	-17,606	8,089	38,525
Distributions declared per Common Share
-	-	-	-	0.60	0.60	0.60	-	-	-	-	-
Rents
Rents
554,665	515,044	487,323	421,505	486,731	483,682	461,387	437,560	441,329	443,485	467,188	476,249
Revenue
554,665	-	-	-	-	-	-	-	-	-	-	-
Termination Fees [Member]
Lease revenue
-	-	-	2,339	4,797	8,000	4,497	3,233	2,951	5,516	3,601	4,800
Tenant Reimbursements [Member]
Service and other revenue
-	-	-	70,629	85,722	84,879	79,087	77,060	77,404	75,330	76,652	76,617
Third party management fees, labor reimbursement and leasing
Service and other revenue
19,626	22,557	28,345	26,674	18,764	17,200	13,053	12,116	11,536	11,830	17,151	20,401
Other
Service and other revenue
6,126	6,744	4,825	4,316	6,617	3,221	4,186	5,710	5,348	4,271	3,328	2,865
BRANDYWINE OPERATING PARTNERSHIP, L.P.
Revenue
580,417	544,345	520,493	525,463	-	-	-	-	-	-	-	-
Property operating expenses
154,361	154,848	150,911	152,926	-	-	-	-	-	-	-	-
Real estate taxes
62,237	51,341	45,204	46,252	-	-	-	-	-	-	-	-
Third party management expenses
9,248	11,910	9,960	10,270	-	-	-	-	-	-	-	-
Depreciation and amortization
210,005	176,000	180,323	189,676	-	-	-	-	-	-	-	-
General and administrative expenses
32,156	27,802	28,538	26,596	-	-	-	-	-	-	-	-
Asset Impairment Charges
0	71,707	3,057	40,517	-	-	-	-	-	-	-	-
Total operating expenses
468,007	493,608	417,993	466,237	-	-	-	-	-	-	-	-
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
356	2,932	32,017	116,983	-	-	-	-	-	-	-	-
Net gain on sale of undepreciated real estate
2,020	3,040	953	9,232	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
2,376	5,972	32,970	126,215	-	-	-	-	-	-	-	-
Operating income
114,786	56,709	135,470	185,441	-	-	-	-	-	-	-	-
Interest income
2,318	4,703	1,113	1,236	-	-	-	-	-	-	-	-
Interest expense
-	-	-	679	-	-	-	-	-	-	-	-
Interest Expense, Debt
81,512	78,199	81,886	84,708	-	-	-	-	-	-	-	-
Amortization of Debt Issuance Costs
2,768	2,498	2,435	2,696	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-9,922	-15,231	-8,306	-11,503	-	-	-	-	-	-	-	-
Net gain on real estate venture transactions
11,639	142,233	80,526	20,000	-	-	-	-	-	-	-	-
Gain on promoted interest in unconsolidated real estate venture
0	28,283	0	0	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
0	-105	-3,933	-66,590	-	-	-	-	-	-	-	-
Net income before income taxes
34,541	135,895	120,549	40,501	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
12	423	-628	0	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
34,529	135,472	121,177	40,501	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests - consolidated real estate ventures
69	55	29	15	-	-	-	-	-	-	-	-
Net income attributable to Brandywine Operating Partnership
34,460	135,417	121,148	40,486	-	-	-	-	-	-	-	-
Dividends, Preferred Stock
0	0	2,032	6,900	-	-	-	-	-	-	-	-
Preferred Stock Redemption Premium
0	0	3,181	0	-	-	-	-	-	-	-	-
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
396	369	327	341	-	-	-	-	-	-	-	-
Net income attributable to Common Shareholders of Brandywine Realty Trust
34,064	135,048	115,608	33,245	-	-	-	-	-	-	-	-
Distribution to preferred unitholders
0	0	2,032	6,900	-	-	-	-	-	-	-	-
Preferred unit redemption charge
0	0	3,181	0	-	-	-	-	-	-	-	-
Nonforfeitable dividends allocated to unvested restricted unitholders
396	369	327	341	-	-	-	-	-	-	-	-
Basic income per Common Share (in dollars per share)
0.19	0.75	0.65	0.19	-	-	-	-	-	-	-	-
Diluted income per Common Share (in dollars per share)
0.19	0.75	0.65	0.19	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
177,114	179,959	176,964	176,523	-	-	-	-	-	-	-	-
Diluted weighted average shares outstanding (in shares)
177,668	181,081	178,287	177,516	-	-	-	-	-	-	-	-