Brandywine Realty Trust (BDN) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -4.17%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.22 per share when it actually produced FFO of $0.22, delivering no surprise.Over the last four quar ...

Exhibit 99.1 1 Company / Investor Contact: Tom Wirth EVP & CFO 610-832-7434 tom.wirth@bdnreit.com Brandywine Realty Trust Announces Third Quarter 2024 Results And Adjusts And Narrows 2024 Guidance Philadelphia, PA, October 22, 2024 — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and nine-month periods ended September 30, 2024. Management Comments "During the third quarter we made strong progress on our 2024 business plan highlighted by exceeding many of ...

PHILADELPHIA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and nine-month periods ended September 30, 2024. Management Comments “During the third quarter we made strong progress on our 2024 business plan highlighted by exceeding many of our targets and for the second consecutive quarter raising both our speculative revenue target and our annual tenant retention rate,” stated Gerard H. Sweeney, President and Chief Execut ...

PHILADELPHIA, Sept. 25, 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 October 24, 2024 to holders of record on October 9, 2024. The quarterly dividend is equivalent to an annual rate of $0.60 per share. Conference Call and Audio Webcast We will release our third quarter earnings after the market close on Tuesday October 22, 2024 and will hold our third quarter conf ...

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 June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Excha ...

Core Viewpoint - Urban real estate, particularly the office sector, has been significantly reshaped by the pandemic and rising interest rates, leading to evolving consumer preferences and a complex market environment [1] Company Overview - Brandywine Realty Trust (BDN) is a major developer, owner, and manager of urban properties primarily in Philadelphia and Austin, with a focus on mixed-use assets and a consumer-oriented business model [2][4] - BDN operates a portfolio of 156 transit-oriented properties covering over 22 million square feet, with 95% of net operating income generated from Philadelphia (76%) and Austin (19%) [2][4] - The company emphasizes social responsibility and has been recognized as Developer of the Year by NAIOP [2] Recent Developments - BDN's ongoing project, Uptown ATX in Austin, will include a mix of property types and is expected to add 3,700 multifamily units, 1.3 million square feet of life science space, and 1.4 million square feet of office space [3][4] - The company has over 10 million square feet of development potential in its land bank, which is crucial for future growth in Philadelphia and Austin [4] Financial Performance - BDN's stock has seen a significant decline of 65.78% over recent years, with a total return of -45.18% [5] - The company has faced challenges due to weak demand for office space, leading to a reduction in its dividend from $0.19 to $0.15 per share [7] - BDN reported Q2 earnings with an occupancy rate of 87% and over 650,000 square feet of leasing activity, indicating progress towards its business goals [10][11] Market Outlook - The urban real estate market remains challenging, with rising interest rates and shifting consumer preferences impacting demand [12] - BDN's focus on Philadelphia and Austin is seen as beneficial, but the overall outlook for the office market is uncertain, with management actively planning for near-term requirements [12]

Brandywine Realty Trust (NYSE:BDN) Q2 2024 Earnings Conference Call July 24, 2024 9:00 AM ET Company Participants Jerry Sweeney - President and CEO George Johnstone - EVP of Operations Daniel Palazzo - Senior Vice President and Chief Accounting Officer Tom Wirth - EVP and CFO Conference Call Participants Anthony Paolone - JPMorgan Steve Sakwa - Evercore ISI Michael Griffin - Citi Dylan Burzinski - Green Street Omotayo Okusanya - Deutsche Bank Michael Lewis - Truist Securities Gabby Horvath - KeyBanc Operato ...

Exhibit 99.1 Company / Investor Contact: Tom Wirth EVP & CFO 610-832-7434 tom.wirth@bdnreit.com Brandywine Realty Trust Announces Second Quarter Results Narrows 2024 Guidance Philadelphia, PA, July 23, 2024 — Brandywine Realty Trust (NYSE: BDN) today reported its financial and operating results for the three and six-month periods ended June 30, 2024. Management Comments "We continue to make excellent progress on our 2024 business plan highlighted by exceeding our speculative revenue target at the midpoint o ...

Brandywine Realty Trust (BDN) reported $125.35 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.4%. EPS of $0.22 for the same period compares to -$0.08 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $127.34 million, representing a surprise of -1.57%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.22. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Over the last four quarters, the company has surpassed consensus FFO estimates just once. Brandywine Realty Trust shares have lost about 11.5% since the beginning of the year versus the S&P 500's gain of 16.7%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. It will be interest ...