We will release our second quarter earnings after the market close on Tuesday, July 23, 2024 and will hold our second quarter conference call on Wednesday, July 24, 2024 at 9:00 a.m. Eastern Time. To access the conference call by phone, please visit this link here, and you will be provided with dial in details. A live webcast of the conference call will also be available on the Investor Relations page of our website at www.brandywinerealty.com. PHILADELPHIA, May 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realt ...

I'm kidding. This isn't a sale. Just enjoy the article. maiteali/E+ via Getty Images This article will briefly cover several real estate investment trusts, or REITs, with huge discounts to consensus NAV. I'm weeding out REITs where the market cap is already tiny (under $100 million). Price-to-consensus NAV ranges 0.27x to 0.59x for this list. However, I'm not requiring the NAV estimates to be reliable. It just has to be a consensus NAV estimate. In this case, one estimate can also be a consensus. Why? Becau ...

U.S. realty trust giant Brandywine Realty Trust has confirmed a cyberattack that resulted in the theft of data from its network.In a filing with regulators on Tuesday, the Philadelphia-based Brandywine described the cybersecurity incident as unauthorized access and the “deployment of encryption” on its internal corporate IT systems, consistent with a ransomware attack.Brandywine said the cyberattack caused disruption to the company’s business applications that support its operations and corporate functions, ...

Briana Ingram/E+ via Getty Images Brandywine Realty Trust (NYSE:BDN) is currently trading for 4.7x times its annualized fiscal 2024 first quarter funds from operations, close to its lowest ever multiple as office REITs continue to be pressured by rising office vacancy rates and a Fed funds rate set to stay at its 22-year high for longer. The national office vacancy rate stood at 18.2% at the end of March, up 120 basis points year-over-year. BDN's core portfolio at the end of the first quarter was 87.7% occu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exch ...

PHILADELPHIA, April 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the "Company") (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, LP (the "Operating Partnership"), intends to redeem all of the outstanding 4.10% Guaranteed Notes due October 1, 2024 (the "Notes") issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes. The expected redemption date will be June 7, 2024 (the "Redemption Date"). The ...

PHILADELPHIA, April 22, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the "Company") (NYSE:BDN) announced today the expiration of the previously announced cash tender offer (the "Tender Offer") by its operating partnership, Brandywine Operating Partnership, LP (the "Operating Partnership"), for any and all of its outstanding 4.10% Guaranteed Notes due October 1, 2024 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on Friday, April 19, 2024 (the "Expiration Date"). As of the exp ...

PHILADELPHIA, April 19, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the "Company") (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the "Operating Partnership"), has announced the pricing terms of the previously announced cash tender offer (the "Tender Offer") for any and all of the $335,100,000 outstanding aggregate principal amount of its 4.10% Guaranteed Notes due October 1, 2024 (the "Notes"). The Tender Offer consists of an offer on the terms and ...

Brandywine Realty Trust (NYSE:BDN) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Jerry Sweeney - President and CEO Tom Wirth - EVP and CFO George Johnstone - EVP of Operations Conference Call Participants Steve Sakwa - Evercore ISI Anthony Paolone - JPMorgan Michael Griffin - Citi Dylan Burzinski - Green Street Omotayo Okusanya - Deutsche Bank Upal Rana - KeyBanc Operator Good day and thank you for standing by. Welcome to the Brandywine Realty Trust First Quarter 2024 Earni ...

For the quarter ended March 2024, Brandywine Realty Trust (BDN) reported revenue of $126.48 million, down 2.1% over the same period last year. EPS came in at $0.24, compared to -$0.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $126.12 million, representing a surprise of +0.29%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.24.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...