Brandywine Realty Trust Announces Strong Leasing Momentum

Leasing Activity - The company executed 650,000 square feet of leasing activity since last quarter, with Q4 2024 being the highest in 2024 and 18% higher than Q4 2023 [2] - Total leasing activity for 2024 reached 2.2 million square feet with a weighted average lease term of 9.4 years [2] - Over 82% of new leasing activity came from tenants moving to higher quality space, reinforcing the strength of the core portfolio [3] Portfolio and Strategy - The core portfolio remains a solid foundation, with robust leasing in existing assets and progress in development projects [3] - Larger tenant requirements are targeting 2026 occupancy, likely stabilizing commercial development projects by 2026 [3] - The company's mixed-use strategy is designed to capture future growth as the office market stabilizes [4] Company Overview - Brandywine Realty Trust is one of the largest publicly traded, full-service, integrated real estate companies in the US, focusing on the Philadelphia and Austin markets [5] - The company owns, develops, leases, and manages a portfolio of 147 properties totaling 21.1 million square feet as of September 30, 2024 [5] Management Commentary - The CEO highlighted the leasing momentum as a reflection of the strength of high-quality assets and the appeal of mixed-use developments [4] - The company's strategy of curating mixed-use environments is expected to drive long-term value creation [4]