Management Comments Second Quarter Highlights Net Income to common shareholders: $29.9 million, or $0.17 per diluted share. Our second quarter results include one-time, non-cash income totaling $53.8 million, or $0.31 per diluted share, related to recapitalizing one of our joint ventures, as discussed below. Funds from Operations (FFO): $38.0 million, or $0.22 per diluted share. Core Portfolio: 87.3% occupied and 88.5% leased. New and Renewal Leases Signed: 164,000 square feet wholly-owned and 501,000 squar ...

Bjoern Wylezich Co-authored by Rida Morwa. Investors love to parrot the phrase "Buy low, sell high," yet so many fail to do it. Step one of "buying low" usually means buying something that isn't popular. You aren't going to find me arguing that the market is efficient; however, the reality is that stocks that are trading at a low valuation are usually trading low for a reason. Often, the best returns in the market come from buying distressed sectors. Investors willing to "stick their hand in the fire" can o ...

PHILADELPHIA, May 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on July 18, 2024 to holders of record on July 3, 2024. The quarterly dividend is equivalent to an annual rate of $0.60 per share. Conference Call and Audio Webcast We will release our second quarter earnings after the market close on Tuesday, July 23, 2024 and will hold our second quarter conference c ...

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 ...