BRANDYWINE REALTY TRUST (BDN) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Philadelphia CBD	2.1	232.0	263.8	256.7	226.7	200.2	209.3	201.8
Pennsylvania Suburbs	124.6	141.6	141.1	138.3	139.8	144.3	158.4	160.6
Austin, Texas	100.8	103.0	104.2	38.7	34.3	34.6	20.9	5.6
Corporate	18.8	4.5	5.4	3.6	9.4	7.2	4.6	1.1
Other	240.5	53.7	66.1	107.1	110.4	139.1	209.5	227.8
Total revenues [+]	486.8	534.9	580.4	544.3	520.5	525.5	602.6	597.0
Net interest income						-0.7	-1.2	-1.1
Revenue growth [+]	-9.0%	-7.9%	6.6%	4.6%	-0.9%	-12.8%	0.9%	6.2%
Philadelphia CBD	-99.1%	-12.0%	2.7%	13.3%	13.2%	-4.3%	3.7%	38.1%
Pennsylvania Suburbs	-12.0%	0.4%	2.0%	-1.1%	-3.2%	-8.9%	-1.4%	4.7%
Austin, Texas	-2.1%	-1.1%	169.4%	12.7%	-0.8%	65.4%	272.7%	-82.2%
Corporate	315.1%	-15.2%	47.9%	-61.3%	30.9%	56.6%	305.1%	-25.5%
Cost of goods sold	363.8	400.7	442.4	424.3	251.3	255.7	469.9	465.1
Gross profit	123.0	134.2	138.0	120.1	269.2	269.8	132.8	131.8
Gross margin	25.3%	25.1%	23.8%	22.1%	51.7%	51.3%	22.0%	22.1%
Selling, general and administrative [+]	30.2	30.3	32.2	27.8	28.5	26.6	29.4	26.8
General and administrative	30.2	30.3	32.2	27.8	28.5	26.6	29.4	26.8
Equity in earnings	-26.7	-18.6	-9.9	-15.2	-8.3	-11.5	-0.8	-0.8
Other operating expenses	-178.7	-774.3	-219.3	-215.1	-110.2	-289.5	-231.8	-229.2
EBITDA [+]	244.8	859.6	315.2	292.1	342.6	521.1	334.3	333.4
EBITDA growth	-71.5%	172.7%	7.9%	-14.7%	-34.3%	55.9%	0.3%	4.8%
EBITDA margin	50.3%	160.7%	54.3%	53.7%	65.8%	99.2%	55.5%	55.9%
Depreciation and amortization	178.1	188.3	210.0	176.0	180.3	189.7	219.0	208.6
EBIT [+]	66.7	671.4	105.2	116.1	162.2	331.4	115.3	124.9
EBIT growth	-90.1%	538.1%	-9.4%	-28.4%	-51.1%	187.5%	-7.7%	4.5%
EBIT margin	13.7%	125.5%	18.1%	21.3%	31.2%	63.1%	19.1%	20.9%
Non-recurring items [+]	0.1	289.5	0.4	74.6	35.1	157.5	82.2	1.8
Asset impairment				71.7	3.1	40.5	82.2	1.8
Interest expense, net [+]	54.3	72.0	79.2	73.5	80.8	83.5	109.5	120.4
Interest expense	62.6	73.9	81.5	78.2	81.9	84.7	110.7	124.3
Interest income	8.3	1.9	2.3	4.7	1.1	1.2	1.2	4.0
Other income (expense), net [+]	0.1	-2.8	8.9	167.9	74.2	-50.0	45.7	3.3
Gain (loss) on debt retirement				-0.1	-3.9	-66.6	4.8	8.0
Pre-tax income	12.4	307.1	34.5	135.9	120.5	40.5	-30.7	6.0
Income taxes	0.0	-0.2	0.0	0.4	-0.6	0.0	0.0	-1.0
Tax rate	0.4%		0.0%	0.3%		0.0%	0.0%
Minority interest	0.1	1.8	0.3	1.0	1.0	0.3	-0.3	0.0
Earnings from continuing ops	11.9	305.1	33.9	134.1	114.6	33.0	-37.6	-1.2
Earnings from discontinued ops								0.9
Net income	11.9	305.1	33.9	134.1	114.6	33.0	-37.6	-0.3
Net margin	2.4%	57.0%	5.8%	24.6%	22.0%	6.3%	-6.2%	0.0%

Basic EPS [+]	$0.07	$1.77	$0.19	$0.75	$0.65	$0.19	($0.21)	($0.01)
Growth	-96.1%	822.9%	-74.4%	15.0%	247.0%	-189.1%	2845.0%	-103.5%
Diluted EPS [+]	$0.07	$1.77	$0.19	$0.75	$0.65	$0.19	($0.21)	($0.01)
Growth	-96.1%	823.7%	-74.3%	15.2%	246.3%	-188.6%	2845.0%	-103.5%

Dividends per share [+]	$0.76	$0.76	$0.76		$0.66	$0.63	$0.60	$0.60
Growth	0.0%	0.0%		-100.0%	4.8%	5.0%	0.0%	0.0%

Shares outstanding (basic) [+]	170.9	171.9	176.1	178.5	175.5	175.0	178.2	166.2
Growth	-0.6%	-2.4%	-1.3%	1.7%	0.3%	-1.8%	7.2%	8.5%
Shares outstanding (diluted) [+]	172.3	172.3	176.7	179.6	176.8	176.0	178.2	166.2
Growth	0.0%	-2.5%	-1.6%	1.6%	0.5%	-1.2%	7.2%	7.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.