Brandywine Realty

Brandywine Realty Trust is a real estate investment trust, which engages in owning, leasing, and managing an urban, town center and suburban office portfolio. The firm operates through the following business segments: Philadelphia Central Business District, Pennsylvania Suburbs, Austin, Texas, Metropolitan Washington, D.C., and Other. The Philadelphia Central Business District segment includes properties located in the city of Philadelphia, Pennsylvania. The Pennsylvania Suburbs segment consists of properties in Chester, Delaware, and Montgomery counties. The Austin, Texas segment consists of properties in the City of Austin, Texas. The Metropolitan Washington D.C. segment is composed of properties in the District of Columbia, Northern Virginia, and Southern Maryland. The Other segment includes properties located in Camden County, New Jersey and in New Castle County, Delaware. The company was founded by Gerard H. Sweeney in 1986 and is headquartered in Philadelphia, PA.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Brandywine Realty surpasses Q4 earnings, eyes growth amid challenges

Brandywine Realty exceeded Q4 2022 FFO estimates and leasing performance. Challenges include occupancy below targets due to tenant default in Austin. Opportunities in net effective rent growth and financing activities for growth plans.
Strong emphasis on quality buildings and positive leasing trends despite economic uncertainty. Detailed financial metrics and 2023 guidance provided. Focus on liquidity improvement and property dispositions in 2023.
Anticipated challenges include concerns about Philadelphia suburban office market and demand shifts post-COVID. Tight dividend coverage forecasted for '23, monitoring closely with potential property sales.
Opportunities in net effective rent growth in specific regions and strong demand in life science developments. Exploration of financing sources for maturing JVs and potential share repurchase plans.

Brandywine Realty Trust reports solid Q1 performance amidst market challenges

Brandywine Realty Trust's Q1 2023 showcased strong lease execution, liquidity generation, and strategic financial management. While challenges exist in underperforming portfolios and market uncertainties, opportunities in property dispositions and maintaining dividend payments present avenues for growth. The company's performance in managing debt metrics and addressing leverage targets reflects a proactive approach to financial stability.

Brandywine Realty reports resilient performance amidst challenges and growth opportunities

Brandywine Realty showcased strong performance in leasing and operational metrics, despite challenges like lease terminations impacting revenue.
The company's financial strength and strategic capital management position it well for future growth and value maximization.
Opportunities in lender appetite, positive leasing trends, and development activities offer avenues for continued success and revenue growth.

Brandywine Realty Trust reports Q3 loss, focuses on deleveraging and leasing opportunities

Brandywine Realty Trust's Q3 performance was impacted by negative absorption and a reduction in occupancy range, but the company outperformed in GAAP and same-store metrics. Despite challenges in financing and maintaining occupancy levels, the company remains focused on deleveraging and exploring potential leasing opportunities. Overall, the company is optimistic about its leasing pipeline and maintaining or increasing yield equivalency for its projects.

Brandywine Realty Trust reports resilient performance and strategic growth plans

Brandywine Realty Trust (BDN) showcased solid performance in Q4 2023, with a focus on leasing up development projects and managing capital spend.
Despite challenges in occupancy and leasing pace at certain properties, BDN remains confident in achieving its leasing targets for the year.
The company's unsecured balance sheet and strategic initiatives position it well to capitalize on growth opportunities in the real estate market.
BDN's proactive approach to refinancing debt, enhancing property quality, and evaluating asset conversions underscores its commitment to long-term success.

Brandywine Realty reports solid Q1 performance amidst growth opportunities

Brandywine Realty (BDN) shows resilience with strong FFO, liquidity, and ongoing development projects.
Challenges in the Austin portfolio and construction financing require attention for sustained growth.
Opportunities lie in occupancy growth, additional leasing activity, and managing debt negotiations effectively.
Overall, Brandywine Realty (BDN) aims for stability, liquidity, and strategic portfolio management in 2024.

Brandywine Realty faces Q3 losses but sees stability and growth opportunities

Brandywine Realty's Q3 2024 performance reflects challenges in net loss and FFO, but strengths in portfolio stability and liquidity management.
While facing hurdles in FFO growth and land sales, the company's strategic initiatives and low rollover exposure present opportunities for future growth.
Optimism for the future and a focus on development projects signal a proactive approach to navigating market challenges and driving long-term success.

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Brandywine Realty Trust engages in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office, life science and lab, residential and mixed-use properties. It operates through the following segments: Philadelphia Central Business District (Philadelphia CBD), Pennsylvania Suburbs, Austin, Texas, and Other. The Philadelphia CBD segment includes properties in Philadelphia, Pennsylvania. The Pennsylvania Suburbs segment refers to the properties in Chester, Delaware, and Montgomery counties. The Austin, Texas segment focuses on properties in the City of Austin, Texas. The Other segment relates to properties located in Washington, D.C., Northern Virginia, Southern Maryland, Camden County, New Jersey and New Castle County, Delaware. The company was founded by Gerard H. Sweeney in 1986 and is headquartered in Philadelphia, PA.

PHILADELPHIA, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $350 million of its 7.550% guaranteed notes due 2028 (the “Notes”). Interest on the Notes will be payable semi-annually on March 15 and September 15 of each year, commencing March 15, 2023.

Brandywine Realty Trust Prices $350 Million of 7.550% Guaranteed Notes Due 2028

PHILADELPHIA, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on January 19, 2023 to holders of record on January 5, 2023. The quarterly dividend is equivalent to an annual rate of $0.76 per share.

Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Fourth Quarter 2022 Earnings Release and Conference Call

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Brandywine Realty Trust is a REIT with a strong geographic operating presence in the Philadelphia markets and, to a lesser extent, Austin, Texas. The company is poised to capitalize on the growing Life Sciences market upon the stabilization of their ongoing redevelopment projects.

Brandywine Realty: The Enticing 12% Yielder Is Best Left On Hold

Brandywine Realty Trust (NYSE:BDN ) Q3, 2022, Earnings Call October 17, 2022 9:00 AM ET Company Participants Jerry Sweeney - President and Chief Executive Officer, Trustee Tom Wirth - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Spahn - Evercore ISI Michael Griffin - Citi Bill Crow - Raymond James Danny Ismail - Green Street Advisors Steve Sakwa - Evercore ISI Operator Good day. And welcome to the Brandywine Realty Trust Third Quarter 2022 Earnings Call.

Brandywine Realty Trust (BDN) Q3 Earnings Call Transcript

Brandywine Realty Trust (BDN) delivered FFO and revenue surprises of 5.88% and 0.44%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Brandywine Realty Trust (BDN) Q3 FFO Surpass Estimates

PHILADELPHIA, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and nine-month periods ended September 30, 2022.

Brandywine Realty Trust Announces Third Quarter 2022 Results

Brandywine Realty Trust is a Philadelphia-based Office REIT that has been hammered in the markets for little more than a year. Shares of the REIT have lost more than 55% of their value year-to-date, leading to what we consider a compelling valuation.

Brandywine Realty Trust: Yields 12% And Sells For Only 4.72x P/FFO

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PHILADELPHIA, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on October 20, 2022 to holders of record on October 6, 2022. The quarterly dividend is equivalent to an annual rate of $0.76 per share.

Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Third Quarter 2022 Earnings Release and Conference Call

Brandywine Realty Trust has struggled financially in recent years, but that picture is starting to change. Business has stabilized and shares have taken a significant step back.

Brandywine Realty Trust: Now Is The Time For A Closer Look

BDN has been able to raise its office rental rates above the inflation in the first half of the year. The company has got the best dividend yield for a long time, yielding at 9.18%.

Brandywine Realty Trust: Great REIT With Financing Issues

Due to high inflation and fears of an upcoming recession, BDN is currently offering a 10-year high dividend yield of 9.3%. The dividend is well covered by cash flows, with a solid payout ratio of 56%.

Brandywine Realty Trust: Lock In The 9.3% Dividend Opportunity

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Brandywine Realty Trust (NYSE:BDN ) Q2 2022 Earnings Conference Call July 26, 2022 9:00 AM ET Company Participants Jerry Sweeney - President and CEO George Johnstone - EVP of Operations Dan Palazzo - VP and CAO Tom Wirth - EVP and CFO Conference Call Participants Anthony Paolone - J.P. Morgan Jamie Feldman - Bank of America Michael Griffin - Citi Brian Spahn - Evercore ISI Omotayo Okusanya - Credit Suisse Bill Crow - Raymond James Operator Welcome to the Brandywine Realty Trust Second Quarter 2022 Earnings Conference Call.

Brandywine Realty Trust (BDN) CEO Jerry Sweeney on Q2 2022 Results - Earnings Call Transcript

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Brandywine Realty Trust (BDN) delivered FFO and revenue surprises of 2.94% and 0.84%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Brandywine Realty Trust (BDN) Q2 FFO Beat Estimates

PHILADELPHIA, July 25, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and six-month periods ended June 30, 2022.

Brandywine Realty Trust Announces Second Quarter Results Narrows 2022 Guidance

BDN is offering a nearly 10-year high dividend yield of 7.8%. Its dividend has a wide margin of safety thanks to the healthy payout ratio of BDN and its resilient business model.

Brandywine Realty Trust: 7.8% Yield, 10-Year Low Valuation, Great Bargain

PHILADELPHIA, May 24, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today announces the commencement of a redevelopment project at 2340 Dulles Corner Boulevard in Herndon, Virginia in Metro DC, a 265,000 square foot office building that is currently vacant. The redevelopment is commencing with execution on an anchor lease from a leading telecommunications company for 221,000 square feet representing 85% of the property. The 11-year lease will commence upon tenant occupancy which is planned for Q2 2023.

Brandywine Realty Trust Commences 2340 Dulles Corner Blvd Redevelopment

PHILADELPHIA, May 18, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on July 20, 2022 to holders of record on July 6, 2022. The quarterly dividend is equivalent to an annual rate of $0.76 per share.

Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Second Quarter 2022 Earnings Release and Conference Call

STAMFORD, Conn.--(BUSINESS WIRE)--WellAir, a leading provider of indoor air disinfection and purification solutions, today announced the implementation of its solutions in the elevator cabs throughout Brandywine's entire Trophy Class of buildings as many employees return to workplaces. Brandywine has also deployed WellAir's portable NanoStrike™ air disinfection technology in their highly-trafficked conference rooms at Commerce Square in Philadelphia's Central Business District. Brandywine has a

WellAir Brings Clean Air Technology to Brandywine Realty Trust Properties

Brandywine Realty Trust (NYSE:BDN ) Q1 2022 Earnings Conference Call April 21, 2022 9:00 AM ET Company Participants Jerry Sweeney - President and CEO George Johnstone - EVP of Operations Tom Wirth - EVP and CFO Conference Call Participants Steve Sakwa - Evercore ISI Jamie Feldman - Bank of America Michael Lewis - Truist Securities Bill Crow - Raymond James Operator Good day and thank you for standing by. Welcome to the Brandywine Realty Trust First Quarter 2022 Earnings Conference Call.

Brandywine Realty Trust (BDN) CEO Jerry Sweeney on Q1 2022 Results - Earnings Call Transcript

Brandywine Realty Trust (BDN) delivered FFO and revenue surprises of 2.94% and 0.83%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Brandywine Realty Stock (BDN)