Table of Contents ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Brandywine Realty Trust Brandywine Operating Partnership, L.P. (Exact name of registrant as specified in its charter) _____________________________________________________________________________________________ Maryland (Brandywin ...

Sometimes, an analyst needs to explain himself. When we are talking about investing, there is not a "one size fits all" approach. So if I say that I am downgrading Brandywine Realty Trust (for now...) while at the same time increasing my positionI'm Luuk Wierenga, an economics teacher from the Netherlands with a strong passion for income investing. My investment journey began during the COVID-19 pandemic, and since then, I've specialized in identifying Real Estate Investment Trusts (REITs) that are temporar ...

Brandywine Realty Trust (BDN) Q2 2025 Earnings Call July 24, 2025 09:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by, and welcome to Brandywine Realty Trust Second Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session and instructions will be given at that time. Please be advised that today's conference is being recorded. I would now like to turn the conference over to ...

S U P P L E M E N T A L INFORMATION PACKAGE 2025 SECOND QUARTER QUALITY • INNOVATION • INTEGRITY • COMMUNITY Table of Contents | | Page | | --- | --- | | Executive Summary | 1 | | 2025 Business Plan Trend Line | 3 | | Development Summary | 8 | | Balance Sheet and Liquidity | 13 | | Land Inventory | 14 | | Property Activity | 15 | | Net Operating Income Composition | 16 | | Regional Property Overview | 17 | | Leasing Activity | 18 | | Lease Expiration Analysis | 20 | | Top Twenty Tenants | 22 | | Portfolio T ...

Brandywine Realty Trust (BDN) came out with quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to FFO of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -11.76%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.15 per share when it actually produced FFO of $0.14, delivering a surprise of -6.67%.Over the last ...

Company / Investor Contact: Exhibit 99.1 Brandywine Realty Trust Announces Second Quarter 2025 Results Narrows 2025 Guidance Philadelphia, PA, July 23, 2025 — Brandywine Realty Trust (NYSE: BDN) today reported its financial and operating results for the three and six-month periods ended June 30, 2025. Management Comments Tom Wirth EVP & CFO 610-832-7434 tom.wirth@bdnreit.com Heather Crowell Gregory FCA 215-316-6271 heather@gregoryfca.com "We are pleased with progress on our 2025 business plan highlighted by ...

Core Insights - Brandywine Realty Trust has adjusted its 2025 guidance, revising the FFO range to $0.60 to $0.66 per diluted share, with a midpoint of $0.63, which remains above consensus estimates [2][17] - The company reported a net loss of $89.0 million, or $(0.51) per diluted share, for the second quarter of 2025, compared to a net income of $29.9 million, or $0.17 per diluted share, in the same period of 2024 [5][7] - The average annual lease expiration rate through 2026 is only 5.1%, indicating strong tenant retention and demand [2] Financial Results - Funds from Operations (FFO) for the second quarter of 2025 totaled $26.1 million, or $0.15 per diluted share, down from $38.0 million, or $0.22 per diluted share, in the second quarter of 2024 [8][10] - The company’s same-store net operating income (NOI) increased by 1.0% on an accrual basis and 6.3% on a cash basis [11][44] - The core portfolio was 88.6% occupied and 91.1% leased as of June 30, 2025, reflecting an increase in leasing activity [14][2] Leasing and Occupancy - In the second quarter of 2025, the company signed new and renewal leases totaling 234,000 square feet, with a tenant retention ratio of 82% [12][13] - The rental rate mark-to-market increased by 2.1% on an accrual basis, while it decreased by 4.7% on a cash basis [5][13] - The company has a pipeline of development projects with tour activity up 66% compared to the first quarter [2] Capital and Liquidity - The company has increased its sales target from $50 million to $72.7 million, with $17.6 million already completed and $55.1 million under agreement [5][19] - As of June 30, 2025, Brandywine Realty Trust had $123 million in cash on hand and no outstanding balance on its $600 million unsecured line of credit [2][16] - The company repaid a construction loan of $43.6 million using proceeds from a $150 million bond issuance [16][2] Market Position and Strategy - Brandywine Realty Trust focuses on urban, town center, and transit-oriented properties, with a portfolio comprising 122 properties and 19.0 million square feet as of June 30, 2025 [21] - The company aims to shape and inspire communities through its real estate expertise and relationships [21]

Core Viewpoint - The article emphasizes a value investing approach with a focus on long-term horizons and an owner's mindset, avoiding short-selling recommendations [1]. Group 1 - The analysis is based on value investing principles, which prioritize the intrinsic value of securities over short-term market fluctuations [1]. - The author does not engage in short-selling or provide sell recommendations, indicating a commitment to long-term investment strategies [1]. - The article reflects the author's independent research and opinions, without any external compensation influencing the content [2]. Group 2 - There is a clear disclosure that the author holds no positions in the mentioned companies and has no plans to initiate any positions in the near future [2]. - The article does not provide specific investment advice or recommendations, aligning with a broader perspective on investment suitability [3]. - The content is authored by an individual who may not be licensed or certified, highlighting the importance of independent analysis in investment decisions [3].

Core Insights - The article discusses the resurgence of office REITs as major cities begin to recover from the pandemic and return to office mandates, highlighting potential investment opportunities in this sector [3][4][5]. Group 1: Market Trends - Major cities like Boston, New York, and San Francisco are experiencing a return to pre-pandemic commuting patterns, which is positively impacting office REITs [3][4]. - Office REITs, previously struggling due to COVID-19, are now seeing renewed interest as companies mandate employees to return to the office [5]. Group 2: Specific REIT Analysis - Alexander's (ALX) has a yield of 8.2% but faces high single-tenant risk, with Bloomberg accounting for nearly 60% of its rental revenue [7][8][9]. - Easterly Government Properties (DEA) has a yield of 8.1% but recently cut its dividend by about one-third, raising concerns about its financial stability [12][14]. - Highwoods Properties (HIW) offers a safer investment with a 6.4% yield and a low FFO payout ratio of 60%, indicating strong dividend coverage [15][16]. - American Assets Trust (AAT) has a yield of 6.7% and has resumed dividend growth after a cut during COVID, with dividends representing 70% of projected 2025 FFO [17][18]. - Brandywine Realty Trust (BDN) has a high yield of 14.4% but is facing challenges due to development projects and declining FFO, raising concerns about its dividend sustainability [19][21].

PHILADELPHIA, June 27, 2025 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has closed its previously announced underwritten public offering of $150 million of its 8.875% guaranteed notes due 2029 with a re-offer yield of 7.039% (the “Notes”). The Notes are part of the same series as the Operating Partnership’s outstanding 8.875% guaranteed notes due 2029, $400 millio ...