Brandywine Realty Trust BDN Income Statement

Brandywine realty trust (BDN)

Income statement / TTM

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
581,609	580,417	572,581	562,248	551,883	544,345	538,486	531,926	525,931	520,493	519,235	520,491	519,881	525,463	547,369	570,260	588,727	602,631	596,449	590,422	595,274	596,982	587,728	584,626	574,770	562,210	558,471	549,535	540,694	535,679	516,482	521,363	528,809	538,568	544,957	547,048	543,296	540,432	564,357	564,939	0	0	0
Operating expenses
Property operating expenses
152,322	154,361	156,300	155,794	155,016	154,848	155,054	154,049	153,358	150,911	149,665	150,068	148,932	152,926	162,203	168,847	175,472	181,170	177,893	176,674	177,106	177,330	173,575	171,561	167,858	160,406	158,539	156,661	153,591	152,319	148,086	150,091	152,843	159,768	163,843	164,906	163,809	163,294	164,118	161,386	0	0	0
Real estate taxes
63,241	62,237	61,188	58,374	54,702	51,341	48,414	47,216	45,877	45,204	45,381	45,712	46,115	46,252	47,924	49,477	49,964	50,623	50,309	50,059	50,932	51,844	52,117	53,438	54,774	55,612	55,503	54,799	54,130	53,402	51,046	50,764	51,042	51,433	52,608	53,500	53,097	51,927	54,428	54,284	0	0	0
Third party management expenses
9,793	9,248	9,340	9,483	9,277	11,910	12,174	12,181	12,263	9,960	10,489	10,371	10,707	10,270	8,608	7,712	6,728	6,294	6,516	6,598	6,651	6,791	6,779	6,409	6,042	5,751	5,420	5,401	5,302	5,127	5,007	5,088	5,330	5,590	5,828	5,977	5,964	5,866	6,689	7,129	0	0	0
Depreciation and amortization
210,599	210,005	203,348	191,862	184,153	176,000	179,129	177,417	177,722	180,323	179,524	184,051	186,695	189,676	201,410	212,768	216,791	219,029	211,151	205,453	207,110	208,569	205,464	203,461	200,115	197,021	195,185	191,527	189,762	188,382	187,512	192,500	200,734	202,933	206,258	205,959	201,538	203,345	206,178	207,242	0	0	0
General and administrative expenses
30,873	32,156	30,810	29,799	28,923	27,802	28,950	28,800	27,936	28,538	27,682	27,384	26,801	26,596	28,563	29,175	29,890	29,406	28,247	28,020	27,234	26,779	27,391	27,927	29,258	27,628	27,527	27,171	25,914	25,413	24,500	24,597	24,408	24,602	23,119	22,695	23,458	23,306	23,516	23,278	0	0	0
Asset Impairment Charges
-	-	0	-	-	-	0	-	-	3,057	30,505	30,505	35,857	40,517	92,769	92,769	87,872	82,208	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
466,828	468,007	475,828	517,019	503,778	493,608	480,586	419,663	417,483	417,993	443,246	448,091	455,107	466,237	541,477	560,748	566,717	568,730	478,389	471,077	472,524	473,078	465,326	462,796	458,047	446,418	442,174	435,559	428,699	424,643	416,151	423,040	434,357	444,326	451,656	453,037	447,866	447,738	454,929	453,319	0	0	0
Gain on sale of real estate
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
2,942	356	356	-35	0	-	0	0	-	32,017	10,769	10,665	8,850	116,983	118,448	124,635	126,933	20,496	16,876	15,491	13,920	4,901	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of undepreciated real estate
1,019	2,020	1,682	1,432	4,019	3,040	2,859	3,812	975	953	1,141	0	0	-	0	-	-	-	0	-	-	1,184	1,176	1,047	1,050	-137	-129	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
3,961	2,376	5,005	4,399	6,951	5,972	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
118,742	114,786	101,758	49,628	55,056	56,709	93,694	148,057	141,440	135,470	202,204	198,615	190,989	185,441	5,892	9,512	22,010	33,901	118,060	119,345	122,750	123,904	122,402	121,830	116,723	115,792	116,297	113,976	111,995	111,036	100,331	98,323	94,452	94,242	93,301	94,011	95,430	92,694	109,428	111,620	0	0	0
Other income (expense):
Interest income
2,368	2,318	3,775	4,437	4,525	4,703	3,042	1,901	1,423	1,113	901	1,113	1,309	1,236	1,005	840	794	1,224	3,865	4,267	4,339	3,974	1,894	1,634	1,371	1,044	824	867	2,583	3,008	3,057	3,269	1,852	1,810	2,049	2,252	2,794	3,218	3,027	2,943	0	0	0
Interest expense
0	-	-	-	0	-	-	-	-	-	-	-	-	679	1,010	1,150	1,232	1,237	1,189	1,166	1,158	1,144	1,140	1,131	1,026	972	923	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Tax credit transaction income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Interest Expense, Debt
-	-	81,381	80,238	-	78,199	78,504	78,979	79,982	81,886	81,847	82,929	82,454	84,708	91,080	98,166	106,232	110,717	113,463	117,044	120,661	124,329	125,085	123,942	122,867	121,937	191,630	193,912	163,671	132,939	164,403	131,783	131,587	131,405	0	0	0	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	134,895	137,037	133,509	132,640	128,677	129,133	0	0	0
Amortization of Debt Issuance Costs
2,851	2,768	2,652	2,576	2,537	2,498	2,500	2,459	2,428	2,435	2,440	2,508	2,556	2,696	3,243	3,608	4,252	4,557	4,573	5,129	5,038	5,148	5,126	4,718	4,704	4,676	5,920	5,980	6,058	6,208	4,937	5,565	5,374	4,991	4,914	3,895	3,687	3,770	4,279	5,346	0	0	0
Recognized hedge activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Income (Loss) from Equity Method Investments
-10,455	-9,922	-18,863	-16,897	-15,764	-15,231	-4,101	-9,825	-8,383	-8,306	-7,567	-9,098	-11,848	-11,503	-8,299	-2,138	-1,345	-811	-1,892	-1,285	-901	-790	-826	374	2,371	3,664	5,116	4,902	4,232	2,741	2,418	2,336	2,586	3,775	4,688	5,305	5,242	5,305	4,687	5,185	0	0	0
Net gain from remeasurement of investments in real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,985	0	0	0	-	-	-	-	-	-
Net gain from remeasurement of investments in real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net gain on real estate venture transactions
11,380	11,639	108,564	106,505	105,229	142,233	89,449	103,207	103,207	80,526	28,811	25,525	28,653	20,000	26,758	16,286	13,158	7,229	0	0	-282	-417	25,504	25,504	29,469	29,604	3,683	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on real estate venture transactions
11,380	11,639	108,564	106,505	105,229	142,233	89,449	103,207	103,207	80,526	38,812	28,182	0	-	0	0	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-66,590	-66,590	-66,590	-66,590	0	-2,606	0	0	-	0	-	-	-2,119	-21,580	-21,620	-21,757	-22,002	-3,745	-3,518	-3,024	-2,776	-989	-1,229	-918	-2,110	3,372	15,449	0	0	0
Net income before income taxes
38,020	34,541	139,379	89,037	95,664	135,895	87,783	149,558	144,021	120,549	54,867	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
-13	12	311	311	314	423	562	-231	-590	-628	-1,032	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment on assets held for sale/sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,024	28,636	30,925	38,990	38,982	-10,801	-16,475	-31,695	-37,309	-24,306	-24,945	-30,848	-24,556	-25,965	-37,824	-31,879	-37,325	-13,959	-1,104	0	0	0
Discontinued operations:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	-76	-146	-43	825	3,272	4,991	7,397	9,064	14,935	15,036	14,244	12,794	12,391	11,026	9,551	8,739	2,313	3,076	0	0	0
Net gain on disposition of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,382	3,018	12,974	25,410	34,774	37,996	28,056	21,715	7,047	8,470	8,467	4,631	10,980	6,340	5,118	0	0	0
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	918	1,177	1,094	-1,965	4,207	6,290	17,965	32,807	43,838	52,931	43,092	35,959	19,841	20,861	19,493	14,182	19,719	8,653	8,194	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
38,033	34,529	139,068	88,726	95,350	135,472	87,221	149,789	144,611	121,177	35,645	24,483	15,462	40,501	-9,829	2,595	6,976	-30,740	30,091	18,665	17,781	6,942	29,813	32,019	37,025	43,189	-4,511	1,490	1,112	6,529	28,625	18,147	5,111	-4,715	-5,104	-18,331	-17,697	-17,606	-5,306	7,090	0	0	0
Net (income) loss attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from discontinued operations attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	55	91	303	560	797	1,317	1,192	1,071	778	478	400	295	414	185	175	0	0	0
Net income attributable to noncontrolling interests - consolidated real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-135	-32	-8	-	329	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net (income) loss attributable to non-controlling interests LP units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-387	-444	-732	-863	-1,254	-1,027	-1,102	-994	-475	-938	-827	-946	-460	-132	0	0	0
Net income attributable to noncontrolling interests
267	262	946	556	638	954	783	1,295	1,211	1,004	269	157	90	310	-135	-32	-8	-339	131	78	57	-33	274	271	352	412	-296	-141	-172	-66	63	165	-31	-216	3	-538	-532	-532	-228	118	0	0	0
Net income attributable to Brandywine Realty Trust
37,766	34,267	138,122	88,170	94,712	134,518	86,438	148,494	143,400	120,173	35,376	24,326	15,372	40,191	-9,694	2,627	6,984	-30,401	29,960	18,587	17,724	6,975	29,539	31,748	36,673	42,777	-4,215	1,631	1,284	6,595	28,562	17,982	5,142	-4,499	-5,107	-17,793	-17,165	-17,074	-5,078	6,972	0	0	0
Dividends, Preferred Stock
-	-	-	-	-	-	-	-	-	2,032	3,757	5,482	6,900	6,900	6,900	6,900	6,900	6,900	6,900	6,900	6,900	6,900	6,900	6,900	6,900	6,900	7,748	8,808	10,132	10,405	9,830	9,043	7,992	7,992	7,992	7,992	7,992	7,992	7,992	7,992	0	0	0
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
408	396	394	381	374	369	362	355	342	327	323	329	335	341	339	336	333	329	334	340	347	349	353	356	358	363	368	378	388	376	407	433	459	505	512	519	526	512	457	402	0	0	0
Net income attributable to Common Shareholders of Brandywine Realty Trust
37,358	33,871	137,728	87,789	94,338	134,149	86,076	148,139	139,570	114,633	28,115	15,334	8,137	32,950	-16,933	-4,609	-249	-37,630	22,726	11,347	10,477	-274	22,286	24,492	29,415	35,514	-14,293	-9,517	-13,288	-8,238	16,235	6,416	-3,309	-12,996	-13,611	-26,304	-25,683	-25,578	-13,527	-1,422	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,067	28,375	30,666	38,615	38,625	-10,414	-16,031	-30,963	-36,446	-23,052	-23,918	-29,746	-23,562	-25,490	-36,886	-31,052	-36,379	-13,546	-1,047	0	0	0
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	908	1,164	1,082	-1,942	4,152	6,199	17,662	32,247	43,041	51,614	41,900	34,888	19,063	20,383	19,093	13,887	19,305	8,468	8,019	0	0	0
Net income (loss) attributable to Brandywine Realty Trust
37,766	34,267	138,122	88,170	94,712	134,518	86,438	148,494	143,400	120,173	35,376	24,326	15,372	40,191	-9,694	2,627	6,984	-30,401	29,960	18,587	17,724	6,975	29,539	31,748	36,673	42,777	-4,215	1,631	1,284	6,595	28,562	17,982	5,142	-4,499	-5,107	-17,793	-17,165	-17,074	-5,078	6,972	0	0	0
Net income (loss)
38,033	34,529	139,068	88,726	95,350	135,472	87,221	149,789	144,611	121,177	35,645	24,483	15,462	40,501	-9,829	2,595	6,976	-30,740	30,091	18,665	17,781	6,942	29,813	32,019	37,025	43,189	-4,511	1,490	1,112	6,529	28,625	18,147	5,111	-4,715	-5,104	-18,331	-17,697	-17,606	-5,306	7,090	0	0	0
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
-	-	0	-	-	-	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue
581,609	580,417	572,581	562,248	551,883	544,345	538,486	531,926	525,931	520,493	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination fees
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third party management fees, labor reimbursement and leasing
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
63,241	62,237	61,188	58,374	54,702	51,341	48,414	47,216	45,877	45,204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third party management expenses
9,793	9,248	9,340	9,483	9,277	11,910	12,174	12,181	12,263	9,960	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
210,599	210,005	203,348	191,862	184,153	176,000	179,129	177,417	177,722	180,323	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
30,873	32,156	30,810	29,799	28,923	27,802	28,950	28,800	27,936	28,538	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	0	-	-	-	0	-	-	3,057	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
466,828	468,007	475,828	517,019	503,778	493,608	480,586	419,663	417,483	417,993	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
2,942	356	356	-35	0	-	0	0	-	32,017	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of undepreciated real estate
1,019	2,020	1,682	1,432	4,019	3,040	2,859	3,812	975	953	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
3,961	2,376	5,005	4,399	6,951	5,972	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
118,742	114,786	101,758	49,628	55,056	56,709	93,694	148,057	141,440	135,470	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
2,368	2,318	3,775	4,437	4,525	4,703	3,042	1,901	1,423	1,113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense, Debt
-	-	81,381	80,238	-	78,199	78,504	78,979	79,982	81,886	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Debt Issuance Costs
2,851	2,768	2,652	2,576	2,537	2,498	2,500	2,459	2,428	2,435	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-10,455	-9,922	-18,863	-16,897	-15,764	-15,231	-4,101	-9,825	-8,383	-8,306	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on real estate venture transactions
11,380	11,639	108,564	106,505	105,229	142,233	89,449	103,207	103,207	80,526	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income before income taxes
38,020	34,541	139,379	89,037	95,664	135,895	87,783	149,558	144,021	120,549	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
-13	12	311	311	314	423	562	-231	-590	-628	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
38,033	34,529	139,068	88,726	95,350	135,472	87,221	149,789	144,611	121,177	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests - consolidated real estate ventures
47	69	67	76	84	55	50	42	29	29	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Brandywine Operating Partnership
37,986	34,460	139,001	88,650	95,266	135,417	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Preferred Stock
-	-	-	-	-	-	-	-	-	2,032	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
408	396	394	381	374	369	362	355	342	327	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Common Shareholders of Brandywine Realty Trust
37,578	34,064	138,607	88,269	94,892	135,048	86,809	149,392	140,752	115,608	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	547,836	537,243	-	515,044	562,198	536,120	510,750	487,323	410,627	412,607	414,674	421,505	441,255	460,981	476,484	486,731	483,901	479,926	482,421	483,682	477,817	474,008	468,450	461,387	456,641	448,820	442,469	437,560	420,791	428,384	433,666	441,329	448,189	448,458	446,469	443,485	463,045	465,970	0	0	0
Revenue
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination Fees [Member]
Lease revenue
-	-	-	-	-	-	-	-	-	-	2,893	3,304	3,718	2,339	3,695	4,181	4,455	4,797	3,591	3,912	6,433	8,000	8,521	9,143	6,204	4,497	3,657	2,548	2,239	3,233	2,800	2,026	3,873	2,951	4,065	4,947	4,330	5,516	5,888	5,812	0	0	0
Tenant Reimbursements [Member]
Service and other revenue
-	-	-	-	-	-	-	-	-	-	71,126	71,211	69,110	70,629	75,031	79,260	83,122	85,722	84,828	83,370	84,073	84,879	82,544	83,148	82,206	79,087	80,441	80,036	78,705	77,060	74,844	73,560	73,568	77,404	77,177	77,951	76,948	75,330	76,896	74,111	0	0	0
Third party management fees, labor reimbursement and leasing
Service and other revenue
20,625	19,626	19,067	19,073	18,838	22,557	25,393	27,367	29,534	28,345	29,466	28,796	27,924	26,674	23,650	21,676	20,127	18,764	17,736	17,394	16,922	17,200	15,670	15,001	13,967	13,053	12,747	12,491	12,210	12,116	12,043	12,064	11,925	11,536	11,051	10,945	11,116	11,830	14,487	15,662	0	0	0
Other
Service and other revenue
5,213	6,126	5,678	5,932	6,662	6,744	6,720	6,825	5,855	4,825	5,123	4,573	4,455	4,316	3,738	4,162	4,539	6,617	6,393	5,820	5,425	3,221	3,176	3,326	3,943	4,186	4,985	5,640	5,071	5,710	6,004	5,329	5,777	5,348	4,475	4,747	4,433	4,271	4,041	3,384	0	0	0