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Brandywine Realty Trust - BDN STOCK NEWS

Welcome to our dedicated news page for Brandywine Realty Trust (Ticker: BDN), a resource for investors and traders seeking the latest updates and insights on Brandywine Realty Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Brandywine Realty Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Brandywine Realty Trust's position in the market.

News
Brandywine Realty Trust to Redeem All Outstanding 4.10% Guaranteed Notes due 2024
Rhea-AI Summary
Brandywine Realty Trust plans to redeem all outstanding 4.10% Guaranteed Notes due 2024, offering a redemption price based on present values and accrued interest. The redemption date is set for June 7, 2024, ceasing interest accrual post-redemption. Shareholders will receive the redemption price and accrued interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.92%
Tags
none
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News
Brandywine Realty Trust Announces Expiration of Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 With Approximately $221.6 Million Having Been Tendered
Rhea-AI Summary
Brandywine Realty Trust announced the expiration of its cash tender offer for its outstanding 4.10% Guaranteed Notes due 2024, with approximately $221.6 million tendered. The company accepted all validly tendered notes, totaling 66.13% of the aggregate principal amount. The total consideration for the tender offer is $994.48 per $1,000 principal amount of notes, funded by the sale of $400 million in new guaranteed notes due 2029. Notes submitted via guaranteed delivery procedures will be purchased later. The operating partnership plans to retire 66.13% of the notes outstanding through the offer, with the remaining notes set for redemption on June 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
none
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News
Brandywine Realty Trust Announces Pricing Terms of Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024
Rhea-AI Summary
Brandywine Realty Trust announced the pricing terms of a tender offer for its outstanding 4.10% Guaranteed Notes due 2024, offering to purchase any and all of the Notes for cash. The Purchase Price for each $1,000 principal amount of the Notes was determined based on specific criteria. The Tender Offer will expire on April 19, 2024, and holders who validly tender their Notes will receive the Purchase Price and accrued interest. The funding for the Purchase Price will come from the sale of new Guaranteed Notes due 2029.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
Tags
none
News
Brandywine Realty Trust Announces First Quarter 2024 Results And Narrows 2024 Guidance
Rhea-AI Summary
Brandywine Realty Trust reported its first quarter 2024 financial results, achieving 98% of its speculative revenue target. The company experienced positive mark-to-market rental rate increases and issued a $400 million unsecured bond, strengthening its balance sheet. FFO was $0.24 per diluted share, with a net loss of ($0.10) per share. The core portfolio was 87.7% occupied and 89.0% leased, with rental rate mark-to-market increasing 16.9% on an accrual basis. The company also completed a public offering of $400 million aggregate principal amount of 8.875% guaranteed Notes due 2029. The net loss allocated to common shares totaled ($16.7) million, or ($0.10) per diluted share, in the first quarter of 2024. FFO available to common shares and units was $41.2 million, or $0.24 per diluted share. The company's 2024 FFO guidance was narrowed from $0.90 - $1.00 to $0.90 - $0.97 per diluted share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
earnings
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News
Brandywine Realty Trust Announces Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024
Rhea-AI Summary
Brandywine Realty Trust announced a Tender Offer for its 4.10% Guaranteed Notes due 2024, offering to purchase any and all outstanding principal amount of $335,100,000. The Purchase Price will be determined based on the fixed spread for the Notes plus the yield of the U.S. Treasury Reference Security. The Tender Offer expires on April 19, 2024, with the Purchase Price to be paid on April 23, 2024. The Operating Partnership plans to fund the purchase with net proceeds from the sale of $400,000,000 aggregate principal amount of its 8.875% Guaranteed Notes due 2029.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
Tags
none
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News
Brandywine Realty Trust Announces Closing of $400 Million Offering of 8.875% Guaranteed Notes Due 2029
Rhea-AI Summary
Brandywine Realty Trust (BDN) closes $400 million public offering of 8.875% guaranteed notes due 2029 to repurchase existing debt and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
Tags
none
News
Brandywine Realty Trust Prices $400 Million of 8.875% Guaranteed Notes Due 2029
Rhea-AI Summary
Brandywine Realty Trust (BDN) announces a $400 million public offering of 8.875% guaranteed notes due 2029 through its operating partnership, with net proceeds expected to be approximately $391.8 million. The offering aims to repurchase or redeem existing debt and fund general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Brandywine Realty Trust to Present at the Citi 2024 Global Property CEO Conference
Rhea-AI Summary
Brandywine Realty Trust (BDN) will participate in a roundtable presentation at the Citi 2024 Global Property CEO Conference on March 4, 2024. The presentation will be live-streamed and available for replay until April 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
conferences
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News
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Brandywine Realty Trust (BDN) declares a quarterly cash dividend of $0.15 per share, equivalent to an annual rate of $0.60 per share. The company will release its first-quarter earnings on April 17, 2024, and hold a conference call on April 18, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
dividends earnings
News
Brandywine Realty Trust Announces Fourth Quarter, Full Year 2023 Results and Initiates 2024 Guidance
Rhea-AI Summary
Brandywine Realty Trust (NYSE:BDN) reported its financial and operating results for the three and twelve-month periods ended December 31, 2023. The company achieved or exceeded many 2023 business plan objectives, including same store results and rental rate mark-to-markets. Despite a net loss available to common shareholders of $(157.4) million, the liquidity position remains strong with no borrowings on the $600 million unsecured line of credit, and 96% of wholly-owned debt is fixed. The company introduced a 2024 FFO guidance range of $0.90 to $1.00 per diluted share, impacted by higher anticipated refinancing interest costs and costs related to multi-family development projects entering their lease-up phase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.17%
Tags
earnings
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Brandywine Realty Trust

NYSE:BDN

BDN Rankings

#2622 Ranked by Market Cap
#4446 Ranked by Stock Gains
#54 Ranked by Dividends

BDN Stock Data

729.16M
169.66M
2.53%
90.56%
7.16%
Other Financial Vehicles
Finance and Insurance
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US
Philadelphia

About BDN

our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. connected cities | live, work, play environments | austin, metro dc, greater philadelphia | nyse: bdn