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SUMMARY OF QUARTERLY RESULTS (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The following is a summary of quarterly financial information as of and for the years ended December 31, 2019 and 2018 (in thousands, except per share data): Brandywine Realty Trust
|  | 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  |  |  | 4th Quarter |  |
2019 |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 143,896 |  |  | $ | 144,151 |  |  | $ | 145,331 |  |  |  |  | $ | 147,039 |  |  |
Net income |  | 4,583 |  |  | 6,252 |  |  | 6,820 |  |  |  |  | 16,874 |  |  | (d)
Net income allocated to Common Shares |  | 4,404 |  |  | 6,112 |  |  | 6,679 |  |  |  |  | 16,676 |  |  |
Basic earnings per Common Share |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.04 |  |  |  |  | $ | 0.09 |  |  |
Diluted earnings per Common Share |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.04 |  |  |  |  | $ | 0.09 |  |  |
2018 |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 136,358 |  |  | $ | 133,786 |  |  | $ | 134,998 |  |  |  |  | $ | 139,203 |  |  | (b)
Net income (loss) |  | 44,445 |  |  | 12,876 |  |  | (43,522 | ) |  | (a) |  | 121,673 |  |  | (c)
Net income (loss) allocated to Common Shares |  | 43,956 |  |  | 12,661 |  |  | (43,260 | ) |  |  |  | 120,792 |  |  |
Basic earnings (loss) per Common Share |  | $ | 0.25 |  |  | $ | 0.07 |  |  | $ | (0.24 | ) |  |  |  | $ | 0.68 |  |  |
Diluted earnings (loss) per Common Share |  | $ | 0.24 |  |  | $ | 0.07 |  |  | $ | (0.24 | ) |  |  |  | $ | 0.67 |  |  |
The summation of quarterly earnings per share amounts does not necessarily equal the full year amounts due to rounding.
(a) | Driven by a $56.9 million impairment charge related to eight office properties in the Company’s Metropolitan Washington, D.C. segment. See Note 3, ''Real Estate Investments,” for further information.
(b) | The increase in fourth quarter revenues primarily relates to the acquisition of the Austin Portfolio, located in Austin, Texas, on December 11, 2018. See Note 3, ''Real Estate Investments,” for further information on this transaction.
(c) | Increase primarily relates to gains of $103.8 million and $28.3 million, recorded in the “Net gain on real estate venture transactions” and “Gain on promoted interest in unconsolidated real estate venture” captions within the Company’s consolidated statements of operations, respectively, from the Austin Portfolio transaction. For further details, see Note 3, ''Real Estate Investments."
(d) | Increase primarily related to a gain of $8.0 million recorded in the "Net gains on real estate venture transactions" within the Company's consolidated statement of operations from the sale of three PJP Ventures properties. For further details, see Note 4, "Investment in Unconsolidated Joint Ventures."
Brandywine Operating Partnership, L.P.
|  | 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  |  |  | 4th Quarter |  |
2019 |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 143,896 |  |  | $ | 144,151 |  |  | $ | 145,331 |  |  |  |  | $ | 147,039 |  |  |
Net income |  | 4,583 |  |  | 6,252 |  |  | 6,820 |  |  |  |  | 16,874 |  |  | (d)
Net income attributable to Common Partnership Unitholders |  | 4,430 |  |  | 6,146 |  |  | 6,716 |  |  |  |  | 16,772 |  |  |
Basic earnings per Common Partnership Unit |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.04 |  |  |  |  | $ | 0.09 |  |  |
Diluted earnings per Common Partnership Unit |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.04 |  |  |  |  | $ | 0.09 |  |  |
2018 |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 136,358 |  |  | $ | 133,786 |  |  | $ | 134,998 |  |  |  |  | $ | 139,203 |  |  | (b)
Net income (loss) |  | 44,445 |  |  | 12,876 |  |  | (43,522 | ) |  | (a) |  | 121,673 |  |  | (c)
Net income (loss) attributable to Common Partnership Unitholders |  | 44,326 |  |  | 12,769 |  |  | (43,622 | ) |  |  |  | 121,575 |  |  |
Basic earnings (loss) per Common Partnership Unit |  | $ | 0.25 |  |  | $ | 0.07 |  |  | $ | (0.24 | ) |  |  |  | $ | 0.68 |  |  |
Diluted earnings (loss) per Common Partnership Unit |  | $ | 0.24 |  |  | $ | 0.07 |  |  | $ | (0.24 | ) |  |  |  | $ | 0.67 |  |  |
The summation of quarterly earnings per share amounts does not necessarily equal the full year amounts due to rounding.
(a) | Driven by a $56.9 million impairment charge related to eight office properties in the Company’s Metropolitan Washington, D.C. segment. See Note 3, ''Real Estate Investments,” for further information.
(b) | The increase in fourth quarter revenues primarily relates to the acquisition of the Austin Portfolio, located in Austin, Texas, on December 11, 2018. See Note 3, ''Real Estate Investments,” for further information on this transaction.
(c) | Increase primarily relates to gains of $103.8 million and $28.3 million, recorded in the “Net gain on real estate venture transactions” and “Gain on promoted interest in unconsolidated real estate venture” captions within the Company’s consolidated statements of operations, respectively, from the Austin Portfolio transaction. For further details, see Note 3, ''Real Estate Investments."
(d) Increase primarily related to a gain of $8.0 million recorded in the "Net gains on real estate venture transactions" within the Company's consolidated statement of operations from the sale of three PJP Ventures properties. For further details, see Note 4, "Investment in Unconsolidated Joint Ventures."

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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