Brandywine Realty Trust Announces Tax Characteristics of Its 2024 Distributions
Rhea-AI Summary
Brandywine Realty Trust (NYSE: BDN) has released the tax characteristics of its 2024 distributions. The company paid a total annual distribution of $0.60 per share, distributed quarterly at $0.15 per share. The distribution breakdown includes:
- 38.6% ($0.231984) as Taxable Ordinary Dividend
- 4.9% ($0.029100) as Total Capital Gain Distribution
- 56.5% ($0.338916) as Non-dividend Distribution
BDN operates as a REIT with a portfolio of 147 properties spanning 21.1 million square feet, primarily focused in Philadelphia and Austin markets. The company specializes in urban, town center, and transit-oriented developments.
Positive
- Maintained consistent quarterly dividend payments of $0.15 per share throughout 2024
- Large portfolio of 147 properties with 21.1 million square feet under management
- 56.5% of distributions classified as non-dividend distribution, potentially offering tax advantages to shareholders
Negative
- Relatively low portion (4.9%) of distribution classified as capital gains, indicating asset appreciation
News Market Reaction – BDN
On the day this news was published, BDN declined 0.19%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PHILADELPHIA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE: BDN) announced today the tax characteristics of its 2024 distributions. The tax reporting will be done on Form 1099-DIV and shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of dividends. The characteristics of the Company’s distributions are as follows:
Common Shares of Beneficial Interest (CUSIP 105368203)
| 2024 Dividend Dates | Record 1/4 Payment 1/18 | Record 4/4 Payment 4/18 | Record 7/3 Payment 7/18 | Record 10/9 Payment 10/24 | Totals | % of Annual Total | ||||||
| Gross Distribution Per Share (Boxes 1a+2a+3) | $ | 0.150000 | $ | 0.150000 | $ | 0.150000 | $ | 0.150000 | $ | 0.600000 | 100.0 | % |
| Taxable Ordinary Dividend (Box 1a) | $ | 0.057996 | $ | 0.057996 | $ | 0.057996 | $ | 0.057996 | $ | 0.231984 | 38.6 | % |
| Qualified Dividend Income (Box 1b) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||
| Total Capital Gain Distribution (Box 2a) | $ | 0.007275 | $ | 0.007275 | $ | 0.007275 | $ | 0.007275 | $ | 0.029100 | 4.9 | % |
| Total Unrecaptured Sec. 1250 Gain (Box 2b) | $ | 0.005219 | $ | 0.005219 | $ | 0.005219 | $ | 0.005219 | $ | 0.020876 | ||
| Section 897 Ordinary Dividend (Box 2e) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||
| Section 897 Capital Gain (Box 2f) | $ | 0.005219 | $ | 0.005219 | $ | 0.005219 | $ | 0.005219 | $ | 0.020876 | ||
| Non-dividend Distribution (Box 3) | $ | 0.084729 | $ | 0.084729 | $ | 0.084729 | $ | 0.084729 | $ | 0.338916 | 56.5 | % |
| Section 199A Dividend (Box 5) | $ | 0.057996 | $ | 0.057996 | $ | 0.057996 | $ | 0.057996 | $ | 0.231984 | ||
Pursuant to Treas. Reg. § 1.1061-6(c), the Company reports the following for purposes of section 1061 of the Internal Revenue Code:
| 2024 Dividend Dates | Record 1/4 Payment 1/18 | Record 4/4 Payment 4/18 | Record 7/3 Payment 7/18 | Record 10/9 Payment 10/24 | Totals | |||||
| One-Year Distributive Amounts | $ | 0.007275 | $ | 0.007275 | $ | 0.007275 | $ | 0.007275 | $ | 0.029100 |
| Three-Year Distributive Amounts | $ | 0.007275 | $ | 0.007275 | $ | 0.007275 | $ | 0.007275 | $ | 0.029100 |
A full tax report is available on our website at www.brandywinerealty.com - Investor Relations - 1099 Reporting.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 147 properties and 21.1 million square feet as of September 30, 2024. 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. For more information, please visit www.brandywinerealty.com.
Company / Investor Contact:
Tom Wirth
EVP & CFO
610-832-7434
tom.wirth@bdnreit.com
FAQ
What is the total annual dividend distribution for Brandywine Realty Trust (BDN) in 2024?
How much of BDN's 2024 distribution is classified as Taxable Ordinary Dividend?
What percentage of BDN's 2024 distributions are Non-dividend Distributions?
What is the size of Brandywine Realty Trust's property portfolio as of September 2024?
What are the primary market focuses of Brandywine Realty Trust (BDN)?
