Brandywine Realty Trust(US:BDN) Globenewswireยท2025-09-26 13:43Core Points - Brandywine Realty Trust declared a quarterly cash dividend of $0.08 per common share, down from the previous quarter's $0.15, resulting in an annual rate reduction from $0.60 to $0.32 per common share [1][3] - The company plans to prepay a secured loan of $245 million, which is currently secured by 7 properties totaling 1.4 million square feet, using cash on hand and a $600 million unsecured line-of-credit [2][3] - Prepayment of the secured loan is expected to increase unencumbered annual cash flow by approximately $45 million and allow for greater asset-level leasing flexibility [3] - The prepayment will incur a fourth quarter earnings charge of $12-$14 million, or $0.07-$0.09 per common share, which is not included in the 2025 earnings guidance [2][3] - The company owns, develops, leases, and manages a portfolio of 122 properties totaling 19.0 million square feet, primarily focused in Philadelphia, PA, and Austin, TX [5] Financial Outlook - The adjusted quarterly dividend is expected to enable the retention of approximately $50 million in cash for investment activities, including portfolio investments and development projects [3] - The third quarter earnings release is scheduled for October 22, 2025, with a conference call on October 23, 2025 [4]