v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate investments:    
Operating properties $ 3,527,129 $ 3,753,780
Accumulated depreciation (1,241,465) (1,259,090)
Prepaid ground leases, net 34,156 51,399
Right of use asset - operating leases, net 12,266 17,806
Operating real estate investments, net 2,332,086 2,563,895
Construction-in-progress 85,569 118,543
Land held for development 75,134 70,405
Prepaid leasehold interests in land held for development, net 27,762 27,762
Total real estate investments, net 2,520,551 2,780,605
Cash and cash equivalents 37,870 32,284
Restricted cash and escrows 830 30,018
Accounts receivable 19,916 22,154
Assets held for sale, net 232,921 0
Accrued rent receivable, net of allowance of $369 and $424 as of June 30, 2026 and December 31, 2025, respectively 169,267 182,651
Investment in unconsolidated real estate ventures 336,851 314,326
Deferred costs, net 69,222 79,549
Intangible assets, net 13,832 22,426
Other assets 134,707 122,227
Total assets 3,535,967 3,586,240
LIABILITIES AND BENEFICIARIES' EQUITY    
Secured term loans, net 144,260 234,079
Unsecured credit facility 149,000 0
Accounts payable and accrued expenses 136,663 143,826
Distributions payable 14,203 14,108
Deferred income, gains and rent 21,845 22,569
Intangible liabilities, net 12,355 12,713
Liabilities related to assets held for sale, net 6,775 0
Lease liability - operating leases 17,031 23,720
Other liabilities 14,189 14,588
Total liabilities 2,840,067 2,788,386
Commitments and contingencies (See Note 14)
Brandywine Realty Trust's Equity:    
Common Shares of Brandywine Realty Trust's beneficial interest, $0.01 par value; shares authorized 400,000,000; 174,611,856 and 173,699,039 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1,740 1,733
Additional paid-in-capital 3,204,718 3,199,838
Deferred compensation payable in common shares 25,467 23,069
Common shares in grantor trust, 2,376,607 and 1,583,000 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively (25,467) (23,069)
Cumulative earnings 525,251 605,252
Accumulated other comprehensive income (loss) 573 (1,437)
Cumulative distributions (3,041,100) (3,012,654)
Total Brandywine Realty Trust's equity 691,182 792,732
Noncontrolling interests 4,718 5,122
Total beneficiaries' equity 695,900 797,854
Total liabilities and beneficiaries' equity 3,535,967 3,586,240
Unsecured term loans, net    
LIABILITIES AND BENEFICIARIES' EQUITY    
Unsecured loans, net 249,593 249,389
Unsecured senior notes, net    
LIABILITIES AND BENEFICIARIES' EQUITY    
Unsecured loans, net $ 2,074,153 $ 2,073,394