As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Real estate investments

Operating properties 3,693,000 3,586,295 3,832,348 3,951,719 4,030,605
Accumulated depreciation (867,035) (852,476) (895,091) (885,407) (940,833)
Right of use asset - operating leases, net NA NA NA 0 22,001
Operating real estate investments, net 2,825,965 2,733,819 2,937,257 3,066,312 3,111,773
Construction-in-progress 268,983 297,462 121,188 150,263 120,785
Land held for development 130,479 150,970 98,242 86,401 89,219
Prepaid leasehold interests in land held for development, net NA NA 0 39,999 39,795
Total real estate investments, net 3,225,427 3,182,251 3,156,687 3,342,975 3,361,572
Assets held for sale, net 584,365 41,718 392 11,599 7,349
Cash and cash equivalents 56,694 193,919 202,179 22,842 31,573
Accounts receivable, net of allowance 17,126 12,446 17,938 16,394 18,181
Accrued rent receivable, net of allowance 145,092 149,624 169,760 165,243 170,420
Investment in Real Estate Ventures 241,004 281,331 194,621 169,100 128,189
Deferred costs, net 101,419 91,342 96,695 91,075 98,202
Intangible assets, net 111,623 72,478 64,972 131,348 109,365
Other assets 71,761 74,104 92,204 126,400 123,623
Total assets 4,554,511 4,099,213 3,995,448 4,076,976 4,048,474

LIABILITIES AND BENEFICIARIES' EQUITY

Mortgage notes payable, net 545,753 321,549 317,216 320,869 317,377
Unsecured credit facility NA NA 0 92,500 163,500
Unsecured term loan, net 247,800 248,099 248,429 248,042 248,299
Unsecured senior notes, net 1,591,164 1,443,464 1,365,183 1,366,635 1,367,360
Accounts payable and accrued expenses 99,856 103,404 107,074 125,696 98,552
Distributions payable 28,249 30,032 32,456 33,632 34,113
Deferred income, gains and rent 30,413 31,620 42,593 28,293 22,481
Acquired lease intangibles, net 25,655 18,119 20,274 31,783 27,958
Liabilities related to assets held for sale 2,151 81 NA NA NA
Lease liability - operating leases NA NA NA 0 22,453
Other liabilities 31,379 19,408 15,623 18,498 16,716
Total liabilities 2,602,420 2,215,776 2,148,848 2,265,948 2,318,809

Brandywine Realty Trust's Equity

Preferred Shares 40 40 NA NA NA
Common Shares of Brandywine Realty Trust's beneficial interest 1,747 1,752 1,784 1,770 1,763
Additional paid-in-capital 3,252,622 3,258,870 3,218,564 3,200,312 3,188,239
Deferred compensation payable in common shares 11,918 13,684 12,445 14,021 16,239
Common shares in grantor trust (11,918) (13,684) (12,445) (14,021) (16,239)
Cumulative earnings 499,086 539,319 660,174 775,625 781,017
Accumulated other comprehensive income (5,192) (1,745) 2,399 5,029 (2,160)
Cumulative distributions (1,814,378) (1,931,892) (2,053,741) (2,183,909) (2,251,040)
Total Brandywine Realty Trust's equity 1,933,925 1,866,344 1,829,180 1,798,827 1,717,819
Noncontrolling interests 18,166 17,093 17,420 12,201 11,846
Total beneficiaries' equity 1,952,091 1,883,437 1,846,600 1,811,028 1,729,665
Total liabilities and beneficiaries' equity 4,554,511 4,099,213 3,995,448 4,076,976 4,048,474
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.