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v3.19.2

Basis of Presentation (Tables) | 6 Months Ended
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Jun. 30, 2019
Accounting Policies [Abstract] |
Schedule of Revision of Previously Issued Financial Statements | The following tables and paragraphs present line items of the previously issued financial statements that have been corrected as a result of the revision: Balance sheet impacts (in thousands):
| December 31, 2018 |
Balance Sheet: | As previously reported |  | Adjustments |  | As adjusted |
Assets (Parent Company and Operating Partnership) |  |
Operating properties |  | 3,953,319 |  |  | (1,600 | ) |  | 3,951,719 |
Accumulated depreciation |  | (865,462 | ) |  | (19,945 | ) |  | (885,407 | )
Operating real estate investments, net |  | 3,087,857 |  |  | (21,545 | ) |  | 3,066,312 |
Total assets |  | 4,098,521 |  |  | (21,545 | ) |  | 4,076,976 |
Equity (Parent Company) |  |  |  |  |  |  |  |  |
Additional Paid-in Capital |  | 3,200,850 |  |  | (538 | ) |  | 3,200,312 |
Cumulative Earnings |  | 796,513 |  |  | (20,888 | ) |  | 775,625 |
Total Brandywine Realty Trust's equity |  | 1,820,253 |  |  | (21,426 | ) |  | 1,798,827 |
Noncontrolling interests |  | 12,320 |  |  | (119 | ) |  | 12,201 |
Total beneficiaries' equity |  | 1,832,573 |  |  | (21,545 | ) |  | 1,811,028 |
Total liabilities and beneficiaries' equity |  | 4,098,521 |  |  | (21,545 | ) |  | 4,076,976 |
Equity (Operating Partnership) |  |  |  |  |  |  |  |  |
General Partnership Capital |  | 1,813,136 |  |  | (21,545 | ) |  | 1,791,591 |
Total Brandywine Operating Partnership, L.P.'s equity |  | 1,817,861 |  |  | (21,545 | ) |  | 1,796,316 |
Total partners' equity |  | 1,820,053 |  |  | (21,545 | ) |  | 1,798,508 |
Total liabilities and partners' equity |  | 4,098,521 |  |  | (21,545 | ) |  | 4,076,976 |
Statement of Beneficiaries’ / Partners’ Equity impacts (in thousands):
| Three and Six Months Ended June 30, 2018 |
Brandywine Realty Trust | As previously reported |  | Adjustments |  | As adjusted |
Statement of Beneficiaries' Equity: |  |
Additional paid-in capital, beginning of period |  | 3,218,564 |  |  | (487 | ) |  | 3,218,077 |
Cumulative earnings, beginning of period |  | 660,174 |  |  | (19,081 | ) |  | 641,093 |
Noncontrolling interest, beginning of period |  | 17,420 |  |  | (162 | ) |  | 17,258 |
Additional paid-in capital, March 31, 2018 |  | 3,222,047 |  |  | (487 | ) |  | 3,221,560 |
Cumulative earnings, March 31, 2018 |  | 704,506 |  |  | (19,340 | ) |  | 685,166 |
Noncontrolling interests, March 31, 2018 |  | 17,538 |  |  | (163 | ) |  | 17,375 |
Additional paid-in capital, June 30, 2018 |  | 3,223,072 |  |  | (487 | ) |  | 3,222,585 |
Cumulative earnings, June 30, 2018 |  | 717,515 |  |  | (19,599 | ) |  | 697,916 |
Noncontrolling interests, June 30, 2018 |  | 17,410 |  |  | (164 | ) |  | 17,246 |
Brandywine Operating Partnership |  |  |  |  |  |  |  |  |
Statement of Partners' Equity: |  |  |  |  |  |  |  |  |
Partner Capital, beginning of period |  | 1,815,411 |  |  | (19,727 | ) |  | 1,795,684 |
Partner Capital, March 31, 2018 |  | 1,834,947 |  |  | (19,987 | ) |  | 1,814,960 |
Partner Capital, June 30, 2018 |  | 1,814,870 |  |  | (20,247 | ) |  | 1,794,623 |
| Three Months Ended March 31, 2019 |
Brandywine Realty Trust | As previously reported |  | Adjustments |  | As adjusted |
Statement of Beneficiaries' Equity: |  |
Additional paid-in capital, beginning of period |  | 3,200,850 |  |  | (538 | ) |  | 3,200,312 |
Cumulative earnings, beginning of period |  | 796,513 |  |  | (20,888 | ) |  | 775,625 |
Noncontrolling interest, beginning of period |  | 12,320 |  |  | (119 | ) |  | 12,201 |
Additional paid-in capital, March 31, 2019 |  | 3,187,312 |  |  | (538 | ) |  | 3,186,774 |
Cumulative earnings, March 31, 2019 |  | 795,186 |  |  | (20,374 | ) |  | 774,812 |
Noncontrolling interests, March 31, 2019 |  | 12,142 |  |  | (117 | ) |  | 12,025 |
Brandywine Operating Partnership |  |  |  |  |  |  |  |  |
Statement of Partners' Equity: |  |  |  |  |  |  |  |  |
Partner Capital, beginning of period |  | 1,813,136 |  |  | (21,545 | ) |  | 1,791,591 |
Partner Capital, March 31, 2019 |  | 1,761,580 |  |  | (21,028 | ) |  | 1,740,552 |
Schedule Of Lease Payments on Non-Cancellable Leases | Lease payments on non-cancellable leases at June 30, 2019 are as follows (in thousands):
Year |  | Minimum Rent |
2019 (six months remaining) |  | $ | 199,330 |
2020 |  |  | 394,365 |
2021 |  |  | 378,185 |
2022 |  |  | 337,153 |
2023 |  |  | 307,024 |
Thereafter |  |  | 1,402,193 |
Total |  | $ | 3,018,250 |
Lease payments on non-cancellable leases at December 31, 2018 are as follows (in thousands):
Year |  | Minimum Rent |
2019 |  | $ | 392,058 |
2020 |  |  | 372,619 |
2021 |  |  | 349,160 |
2022 |  |  | 304,445 |
2023 |  |  | 277,388 |
Thereafter |  |  | 1,265,810 |
Total |  | $ | 2,961,480 |
Schedule Of Allocation Of Lease Revenue Recognized Between Fixed Contractual Payments And Variable Lease Payments | The table below sets forth the allocation of lease revenue recognized between fixed contractual payments and variable lease payments (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Lease Revenue |  | 2019 |  |  | 2019 |
Fixed contractual payments |  | $ | 109,289 |  |  | $ | 217,322 |
Variable lease payments |  |  | 28,498 |  |  |  | 58,563 |
Total |  | $ | 137,787 |  |  | $ | 275,885 |
Summary of Operating Lease Cost Recognized Through Property Operating Expenses | The table below summarizes the Company’s operating lease cost (in thousands) recognized through “Property operating expenses” on the consolidated statements of operations:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Lease Cost |  | 2019 |  |  | 2019 |
Fixed lease cost |  | $ | 525 |  |  | $ | 1,050 |
Variable lease cost |  |  | 14 |  |  |  | 28 |
Total |  | $ | 539 |  |  | $ | 1,078 |
Weighted-average remaining lease term (years) |  |  | 53.1 |  |  |  |  |
Weighted-average discount rate |  |  | 6.3 | % |  |  |  |

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