Brandywine Realty Trust BDN Income Statement

Brandywine realty trust (BDN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
Revenue
145,088	147,039	145,331	144,151	143,896	139,203	134,998	133,786	136,358	133,344	128,438	127,791	130,920	132,086	129,694	127,181	136,502	153,992	152,585	145,648	150,406	147,810	146,558	150,500	152,114	138,556	143,456	140,644	139,554	134,817	134,520	131,803	134,539	115,620	139,401	139,249	144,298	122,009	141,492	135,497	141,434	145,934	142,074
Operating expenses
Property operating expenses
37,461	37,819	38,358	38,684	39,500	39,758	37,852	37,906	39,332	39,964	36,847	37,215	36,885	38,718	37,250	36,079	40,879	47,995	43,894	42,704	46,577	44,718	42,675	43,136	46,801	40,963	40,661	39,433	39,349	39,096	38,783	36,363	38,077	34,863	40,788	39,115	45,002	38,938	41,851	38,018	44,487	39,762	39,119
Real estate taxes
16,787	15,118	15,247	16,089	15,783	14,069	12,433	12,417	12,422	11,142	11,235	11,078	11,749	11,319	11,566	11,481	11,886	12,991	13,119	11,968	12,545	12,677	12,869	12,841	13,457	12,950	14,190	14,177	14,295	12,841	13,486	13,508	13,567	10,485	13,204	13,786	13,958	11,660	14,096	13,383	12,788	14,161	13,952
Third party management expenses
2,662	2,213	2,469	2,449	2,117	2,305	2,612	2,243	4,750	2,569	2,619	2,325	2,447	3,098	2,501	2,661	2,010	1,436	1,605	1,677	1,576	1,658	1,687	1,730	1,716	1,646	1,317	1,363	1,425	1,315	1,298	1,264	1,250	1,195	1,379	1,506	1,510	1,433	1,528	1,493	1,412	2,256	1,968
Depreciation and amortization
52,038	51,267	55,627	51,667	51,444	44,610	44,141	43,958	43,291	47,739	42,429	44,263	45,892	46,940	46,956	46,907	48,873	58,674	58,314	50,930	51,111	50,796	52,616	52,587	52,570	47,691	50,613	49,241	49,476	45,855	46,955	47,476	48,096	44,985	51,943	55,710	50,295	48,310	51,644	51,289	52,102	51,143	52,708
General and administrative expenses
8,561	6,939	6,974	8,399	9,844	5,593	5,963	7,523	8,723	6,741	5,813	6,659	9,325	5,885	5,515	6,076	9,120	7,852	6,127	6,791	8,636	6,693	5,900	6,005	8,181	7,305	6,436	7,336	6,551	7,204	6,080	6,079	6,050	6,291	6,177	5,890	6,244	4,808	5,753	6,653	6,092	5,018	5,515
Asset Impairment Charges
-	-	0	-	-	-	56,865	-	-	0	0	327	2,730	27,448	0	5,679	7,390	79,700	0	782	1,726	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
117,509	113,356	118,675	117,288	118,688	121,177	159,866	104,047	108,518	108,155	98,943	101,867	109,028	133,408	103,788	108,883	120,158	208,648	123,059	114,852	122,171	118,307	115,747	116,299	122,725	110,555	113,217	111,550	111,096	106,311	106,602	104,690	107,040	97,819	113,491	116,007	117,009	105,149	114,872	110,836	116,881	112,340	113,262
Gain on sale of real estate
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
2,586	0	356	0	0	-	0	-35	-	23,606	0	1,088	7,323	2,358	-104	-727	115,456	3,823	6,083	1,571	9,019	203	4,698	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of undepreciated real estate
0	519	250	250	1,001	181	0	2,837	22	0	953	0	0	-	188	-	-	-	3,019	-	-	0	0	-3	1,187	-8	-129	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
2,586	519	606	250	1,001	3,148	0	2,802	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
30,165	34,202	27,262	27,113	26,209	21,174	-24,868	32,541	27,862	58,159	29,495	25,924	21,892	124,893	25,906	18,298	16,344	-54,656	29,526	30,796	28,235	29,503	30,811	34,201	29,389	28,001	30,239	29,094	28,458	28,506	27,918	27,113	27,499	17,801	25,910	23,242	27,289	16,860	26,620	24,661	24,553	33,594	28,812
Other income (expense):
Interest income
575	682	558	553	525	2,139	1,220	641	703	478	79	163	393	266	291	359	320	35	126	313	750	2,676	528	385	385	596	268	122	58	376	311	1,838	483	425	523	421	441	664	726	963	865	473	642
Interest expense
20,009	-	-	-	20,357	-	-	-	-	-	-	-	-	0	156	242	281	331	296	324	286	283	273	316	272	279	264	211	218	-	230	-	-	-	-	-	-	-	-	-	-	-	-
Tax credit transaction income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,853	-	-	-	-11,853	-	-	-	-11,853	-	-	-	-11,840	-	-	-	-12,026	-	-	-	-	-	-	-	-
Interest Expense, Debt
-	-	20,400	20,516	-	20,108	19,257	19,301	19,533	20,413	19,732	20,304	21,437	20,374	20,814	19,829	23,691	26,746	27,900	27,895	28,176	29,492	31,481	31,512	31,844	30,248	30,338	30,437	30,914	99,941	32,620	196	182	131,405	0	0	0	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,981	34,144	-	32,346	34,738	32,393	35,418	34,488	31,210	31,524	31,455	34,944
Amortization of Debt Issuance Costs
749	742	694	666	666	626	618	627	627	628	577	596	634	633	645	644	774	1,180	1,010	1,288	1,079	1,196	1,566	1,197	1,189	1,174	1,158	1,183	1,161	2,418	1,218	1,261	1,311	1,147	1,846	1,070	928	1,070	827	862	1,011	1,579	1,894
Recognized hedge activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,517	-305
Income (Loss) from Equity Method Investments
-1,891	-5,108	-1,965	-1,491	-1,358	-14,049	1	-358	-825	-2,919	-5,723	1,084	-748	-2,180	-7,254	-1,666	-403	1,024	-1,093	-873	131	-57	-486	-489	242	-93	714	1,508	1,535	1,359	500	838	44	1,036	418	1,088	1,233	1,949	1,035	1,025	1,296	1,331	1,533
Net gain from remeasurement of investments in real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	-	194	0	0	2,791	-	-	-	-	-	-
Net gain from remeasurement of investments in real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	758	-	-	0	458	-	-	0	7,847	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net gain on real estate venture transactions
0	8,045	2,059	1,276	259	104,970	0	0	37,263	52,186	13,758	0	14,582	471	10,472	3,128	5,929	7,229	0	0	0	0	0	-282	-135	25,921	0	3,683	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on real estate venture transactions
0	8,045	2,059	1,276	259	104,970	0	0	37,263	52,186	13,758	0	14,582	-	10,472	3,128	-	-	-	-	-	-	0	-282	-135	-	0	3,683	0	-	950	-	-	-	0	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-66,590	0	0	0	0	-	-2,606	-	-	-992	-11	-1,113	-3	-20,453	-51	-1,250	-248	-2,196	176	-756	0	-409	-64	-445	-1,192	5,073	12,013
Net income before income taxes
8,091	16,840	6,820	6,269	4,612	121,678	-43,522	12,896	44,843	73,566	18,253	7,359	21,371	-	7,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
4	-34	0	17	29	265	0	20	138	404	-793	-339	100	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment on assets held for sale/sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,765	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,869	8,885	1,245	-2,237	20,743	11,174	9,310	-2,245	-29,040	5,500	-5,910	-7,859	-16,037	4,861	-11,813	-1,567	-17,446	-6,998	-5,868	-7,013	5,920	5,857
Discontinued operations:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	26	-8	-94	-70	129	860	2,353	1,649	2,535	2,527	8,224	1,750	1,743	1,077	7,821	385	268	265	1,395	1,148
Net gain on disposition of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	903	-	353	-16	-2,259	5,304	-11	9,940	10,177	14,668	3,211	0	3,836	0	4,634	-3	0	6,349	-6	-1,225
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3	929	-8	259	-86	-2,130	6,164	2,342	11,589	12,712	17,195	11,435	1,750	5,579	1,077	12,455	382	268	6,614	1,389	-77
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
8,087	16,874	6,820	6,252	4,583	121,413	-43,522	12,876	44,705	73,162	19,046	7,698	21,271	-12,370	7,884	-1,323	46,310	-62,700	20,308	3,058	8,594	-1,869	8,882	2,174	-2,245	21,002	11,088	7,180	3,919	-26,698	17,089	6,802	9,336	-4,602	6,611	-6,234	-490	-4,991	-6,616	-5,600	-399	7,309	5,780
Net (income) loss attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24	12	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from discontinued operations attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10	-	3	-1	-25	78	39	211	232	315	559	86	111	22	259	8	6	141	30	-2
Net income attributable to noncontrolling interests - consolidated real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	-22	389	-	161	2	58	-	108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	28
Net (income) loss attributable to non-controlling interests LP units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-44	-	106	87	-50	-530	49	-201	-181	-921	276	-276	-73	-402	-187	-165	-192	84	141
Net income attributable to noncontrolling interests
65	107	48	47	60	791	-342	129	376	620	170	45	169	-115	58	-22	389	-560	161	2	58	-90	108	-19	-32	217	105	62	28	-491	260	31	134	-362	362	-165	-51	-143	-179	-159	-51	161	167
Net income attributable to Brandywine Realty Trust
8,022	16,767	6,772	6,205	4,523	120,622	-43,180	12,747	44,329	72,542	18,876	7,653	21,102	-12,255	7,826	-1,301	45,921	-62,140	20,147	3,056	8,536	-1,779	8,774	2,193	-2,213	20,785	10,983	7,118	3,891	-26,207	16,829	6,771	9,202	-4,240	6,249	-6,069	-439	-4,848	-6,437	-5,441	-348	7,148	5,613
Dividends, Preferred Stock
-	-	-	-	-	-	-	-	-	0	0	307	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	1,725	2,573	2,785	3,049	1,998	1,998	1,998	1,998	1,998	1,998	1,998	1,998	1,998	1,998	1,998
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	-	0	3,181	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	2,090	-	-	0	0	-	-	-	-	-	-	-
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
131	91	93	93	119	89	80	86	114	82	73	73	99	78	79	79	105	76	76	76	101	81	82	83	103	85	85	85	108	90	95	95	96	121	121	121	142	128	128	128	128	73	73
Net income attributable to Common Shareholders of Brandywine Realty Trust
7,891	16,676	6,679	6,112	4,404	120,533	-43,260	12,661	44,215	72,460	18,803	4,092	19,278	-14,058	6,022	-3,105	44,091	-63,941	18,346	1,255	6,710	-3,585	6,967	385	-4,041	18,975	9,173	5,308	2,058	-30,832	13,949	1,537	7,108	-6,359	4,130	-8,188	-2,579	-6,974	-8,563	-7,567	-2,474	5,077	3,542
Basic income per Common Share:
Basic income per Common Share (in dollars per share)
-	-	-	0.03	-	-	-	0.07	0.25	0.41	0.11	0.02	0.11	-0.07	0.03	-0.02	0.25	-0.36	0.10	0.01	0.04	-0.02	0.04	0.00	-0.03	0.12	0.06	0.05	-0.03	-0.23	0.02	-0.08	-0.07	-0.13	0.02	-0.10	-0.03	-0.15	-0.06	-0.06	-0.07	0.03	0.03
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	0.00	0.00	0.01	0.00	-0.02	0.04	0.01	0.08	0.09	0.12	0.08	0.01	0.04	0.01	0.10	0.00	0.00	0.05	0.01	0.00
Earnings Per Share, Basic
0.04	-	0.04	-	0.03	-	-0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.04	0.00	-0.03	0.13	0.06	0.03	0.01	-0.22	0.10	0.01	0.05	-0.05	0.03	-0.06	-0.02	-0.05	-0.06	-0.06	-0.02	0.04	0.03
Diluted income per Common Share:
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	0.00	0.00	0.01	0.00	-0.02	0.04	0.01	0.08	0.09	0.12	0.08	0.01	0.04	0.01	0.10	0.00	0.00	0.05	0.01	0.00
Earnings Per Share, Diluted
0.04	-	0.04	-	0.02	-	-0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.04	0.00	-0.03	0.13	0.06	0.03	0.01	-0.22	0.10	0.01	0.05	-0.05	0.03	-0.06	-0.02	-0.05	-0.06	-0.06	-0.02	0.04	0.03
Diluted income per Common Share (in dollars per share)
-	-	-	0.03	-	-	-	0.07	0.25	0.41	0.11	0.02	0.11	-0.07	0.03	-0.02	0.25	-0.36	0.10	0.01	0.04	-0.02	0.04	0.00	-0.03	0.12	0.06	0.05	-0.03	-0.23	0.02	-0.08	-0.07	-0.13	0.02	-0.10	-0.03	-0.15	-0.06	-0.06	-0.07	0.03	0.03
Weighted Average Number of Shares Outstanding, Basic
176,069	176,335	176,195	176,143	175,857	178,533	178,602	178,547	178,395	175,993	175,433	175,333	175,176	175,143	175,127	175,013	174,788	175,037	178,188	179,860	179,562	179,372	171,606	157,037	156,794	156,905	156,703	155,347	143,605	143,482	143,424	143,300	142,820	136,295	135,562	135,342	134,577	134,486	132,208	131,510	128,767	128,582	101,583
Diluted weighted average shares outstanding (in shares)
176,653	176,841	176,750	176,690	176,464	180,482	178,602	179,692	179,788	177,439	176,835	176,756	176,201	177,193	176,364	175,013	175,471	172,677	178,776	180,538	180,655	177,785	173,193	157,037	156,794	159,368	157,992	156,691	143,605	142,778	144,128	143,300	142,820	135,016	136,841	135,342	134,577	134,486	132,208	131,510	128,767	129,926	102,742
Total continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,779	8,777	1,274	-2,205	20,529	11,068	9,223	-2,195	-28,510	5,451	-5,709	-7,678	-15,116	4,585	-11,537	-1,494	-17,044	-6,811	-5,703	-6,821	5,789	5,688
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3	919	-8	256	-85	-2,105	6,086	2,303	11,378	12,480	16,880	10,876	1,664	5,468	1,055	12,196	374	262	6,473	1,359	-75
Net income (loss) attributable to Brandywine Realty Trust
8,022	16,767	6,772	6,205	4,523	120,622	-43,180	12,747	44,329	72,542	18,876	7,653	21,102	-12,255	7,826	-1,301	45,921	-62,140	20,147	3,056	8,536	-1,779	8,774	2,193	-2,213	20,785	10,983	7,118	3,891	-26,207	16,829	6,771	9,202	-4,240	6,249	-6,069	-439	-4,848	-6,437	-5,441	-348	7,148	5,613
Net income (loss)
8,087	16,874	6,820	6,252	4,583	121,413	-43,522	12,876	44,705	73,162	19,046	7,698	21,271	-12,370	7,884	-1,323	46,310	-62,700	20,308	3,058	8,594	-1,869	8,882	2,174	-2,245	21,002	11,088	7,180	3,919	-26,698	17,089	6,802	9,336	-4,602	6,611	-6,234	-490	-4,991	-6,616	-5,600	-399	7,309	5,780
Distributions declared per Common Share
-	-	-	-	-	-	-	-	-	-	0.16	0.16	0.16	-	0.16	0.16	0.15	0.15	0.15	0.15	0.15	-	0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BRANDYWINE OPERATING PARTNERSHIP, L.P.
Rents
-	-	139,228	-	-	-	128,635	-	-	-	-	-	103,332	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue
145,088	147,039	145,331	144,151	143,896	139,203	134,998	133,786	136,358	133,344	128,438	127,791	130,920	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	18,535	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination fees
-	-	-	-	-	-	-	-	-	-	-	-	1,673	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third party management fees, labor reimbursement and leasing
-	-	-	-	-	-	-	-	-	-	-	-	6,485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	895	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses
37,461	-	38,358	38,684	39,500	-	37,852	37,906	39,332	-	36,847	37,215	36,885	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
16,787	15,118	15,247	16,089	15,783	14,069	12,433	12,417	12,422	11,142	11,235	11,078	11,749	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third party management expenses
2,662	2,213	2,469	2,449	2,117	2,305	2,612	2,243	4,750	2,569	2,619	2,325	2,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
52,038	51,267	55,627	51,667	51,444	44,610	44,141	43,958	43,291	47,739	42,429	44,263	45,892	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
8,561	6,939	6,974	8,399	9,844	5,593	5,963	7,523	8,723	6,741	5,813	6,659	9,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	0	-	-	-	56,865	-	-	0	0	327	2,730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
117,509	113,356	118,675	117,288	118,688	121,177	159,866	104,047	108,518	108,155	98,943	101,867	109,028	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
2,586	0	356	0	0	-	0	-35	-	23,606	0	1,088	7,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of undepreciated real estate
0	519	250	250	1,001	181	0	2,837	22	0	953	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
2,586	519	606	250	1,001	3,148	0	2,802	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
30,165	34,202	27,262	27,113	26,209	21,174	-24,868	32,541	27,862	58,159	29,495	25,924	21,892	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
575	682	558	553	525	2,139	1,220	641	703	478	79	163	393	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
20,009	-	-	-	20,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense, Debt
-	-	20,400	20,516	-	20,108	19,257	19,301	19,533	20,413	19,732	20,304	21,437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Debt Issuance Costs
749	742	694	666	666	626	618	627	627	628	577	596	634	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-1,891	-5,108	-1,965	-1,491	-1,358	-14,049	1	-358	-825	-2,919	-5,723	1,084	-748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on real estate venture transactions
0	8,045	2,059	1,276	259	104,970	0	0	37,263	52,186	13,758	0	14,582	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income before income taxes
8,091	16,840	6,820	6,269	4,612	121,678	-43,522	12,896	44,843	73,566	18,253	7,359	21,371	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
4	-34	0	17	29	265	0	20	138	404	-793	-339	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
8,087	16,874	6,820	6,252	4,583	121,413	-43,522	12,876	44,705	73,162	19,046	7,698	21,271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests - consolidated real estate ventures
12	11	11	13	34	9	20	21	5	4	12	8	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	19,034	7,690	21,266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Brandywine Operating Partnership
8,075	16,863	6,809	6,239	4,549	121,404	-43,542	12,855	44,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Preferred Stock
-	-	-	-	-	-	-	-	-	0	0	307	1,725	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	-	0	3,181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
131	91	93	93	119	89	80	86	114	82	73	73	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Common Shareholders of Brandywine Realty Trust
7,944	16,772	6,716	6,146	4,430	121,315	-43,622	12,769	44,586	73,076	18,961	4,129	19,442	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
0.04	-	0.04	-	0.03	-	-0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic income per Common Share (in dollars per share)
-	-	-	0.03	-	-	-	0.07	0.25	0.41	0.11	0.02	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted income per Common Share (in dollars per share)
-	-	-	0.03	-	-	-	0.07	0.25	0.41	0.11	0.02	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
0.04	-	0.04	-	0.02	-	-0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
177,051	177,317	177,176	177,125	176,840	179,852	180,082	180,027	179,875	177,473	176,913	176,813	176,656	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted weighted average shares outstanding (in shares)
177,635	177,823	177,732	177,672	177,447	181,801	180,082	181,172	181,268	178,918	178,314	178,236	177,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions declared per Common Share
-	-	-	-	-	-	-	-	-	-	0.16	0.16	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rents
Rents
-	-	139,228	137,787	-	132,723	128,635	126,927	126,759	179,877	102,557	101,557	103,332	103,181	104,537	103,624	110,163	122,931	124,263	119,127	120,410	120,101	120,288	121,622	121,671	114,236	116,479	116,064	114,608	109,490	108,658	109,713	109,699	92,721	116,251	114,995	117,362	99,581	116,520	113,006	114,378	119,141	119,445
Revenue
139,204	-	-	-	138,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination Fees [Member]
Lease revenue
-	-	-	-	-	-	-	-	-	-	200	140	1,673	880	611	554	294	2,236	1,097	828	636	1,030	1,418	3,349	2,203	1,551	2,040	410	496	711	931	101	1,490	278	157	1,948	568	1,392	1,039	1,331	1,754	1,764	963
Tenant Reimbursements [Member]
Service and other revenue
-	-	-	-	-	-	-	-	-	-	17,239	18,038	18,535	17,314	17,324	15,937	20,054	21,716	21,553	19,799	22,654	20,822	20,095	20,502	23,460	18,487	20,699	19,560	20,341	19,841	20,294	18,229	18,696	17,625	19,010	18,237	22,532	17,398	19,784	17,234	20,914	18,964	16,999
Third party management fees, labor reimbursement and leasing
Service and other revenue
4,954	5,585	4,938	5,148	3,955	5,026	4,944	4,913	7,674	7,862	6,918	7,080	6,485	8,983	6,248	6,208	5,235	5,959	4,274	4,659	3,872	4,931	3,932	4,187	4,150	3,401	3,263	3,153	3,236	3,095	3,007	2,872	3,142	3,022	3,028	2,733	2,753	2,537	2,922	2,904	3,467	5,194	4,097
Other
Service and other revenue
930	1,902	1,165	1,216	1,843	1,454	1,419	1,946	1,925	1,430	1,524	976	895	1,728	974	858	756	1,150	1,398	1,235	2,834	926	825	840	630	881	975	1,457	873	1,680	1,630	888	1,512	1,974	955	1,336	1,083	1,101	1,227	1,022	921	871	570