Brandywine Realty Trust (NYSE: BDN) disclosed the tax characteristics of its 2025 distributions, reported on Form 1099-DIV. The company paid four distributions totaling $0.530000 per share in 2025 (payments: 1/23, 4/17, 7/17, 10/23). Non-dividend distribution (return of capital) totaled $0.515026 or 97.2% of the annual total. Total capital gain distribution was $0.014974 or 2.8% of the annual total; taxable ordinary dividend and qualified dividend income were reported as $0. Pursuant to Treas. Reg. §1.1061-6(c), the One-Year and Three-Year Amounts Disclosure for applicable partnership interests is $0.014974. A full tax report is available on the company website.
Company footprint: 120 properties and 20.0 million square feet as of December 31, 2025.
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Positive
Total 2025 distribution of $0.530000 per share
Return of capital (non-dividend) of $0.515026 equals 97.2% of distributions
Capital gain distribution of $0.014974 reported for 2025
Tax reporting will be issued on Form 1099-DIV for shareholders
Negative
Fourth-quarter payment reduced to $0.080000 versus prior three payments of $0.150000
Market Context
This announcement details the tax composition of Brandywine’s $0.53 per‑share 2025 distributions, no...
Analysis
This announcement details the tax composition of Brandywine’s $0.53 per‑share 2025 distributions, noting no taxable ordinary dividend and that 97.2% is classified as non‑dividend distribution. It also specifies a relatively small capital gain component of $0.014974 per share and section 1061 disclosure amounts. In the context of earlier dividend reductions, debt refinancings, and guidance changes, investors may focus on how future distributions are structured and how these tax attributes interact with broader balance sheet and earnings developments.
Key Figures
2025 gross distribution:$0.530000 per shareQ1 2025 dividend:$0.150000 per shareQ4 2025 dividend:$0.080000 per share+5 more
8 metrics
2025 gross distribution$0.530000 per shareTotal 2025 common share distributions (all four payments)
Q1 2025 dividend$0.150000 per shareRecord 1/8, payment 1/23 2025 distribution
Q4 2025 dividend$0.080000 per shareRecord 10/9, payment 10/23 2025 distribution
Capital gain distribution$0.014974 per shareTotal 2025 capital gain distributions (Box 2a, 2.8% of total)
Non-dividend distribution$0.515026 per shareTotal 2025 return-of-capital portion (Box 3, 97.2% of total)
Reduced quarterly dividend from $0.15 to $0.08 and outlined loan prepayment plan.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent news flow shows modest but mostly negative price reactions to earnings, guidance cuts, dividend changes and debt offerings, with one small positive move on a routine dividend and earnings-date announcement.
Recent Company History
Over the last few months, Brandywine’s news has centered on balance sheet moves, dividend resets, and earnings. On Sep 26, 2025, the company sharply reduced its dividend and outlined planned debt prepayment, followed by a $300 million note pricing on Sep 29, 2025 and closing on Oct 3, 2025. Q3 2025 results and guidance cuts on Oct 22, 2025 drew a negative reaction. A later release on Dec 10, 2025 confirming the $0.08 quarterly dividend and Q4 earnings schedule saw only a minor positive move, framing today’s tax-characteristics update as part of an ongoing capital and distribution reset.
Key Terms
form 1099-div, cusip, section 199a dividend, section 897 capital gain, +2 more
6 terms
form 1099-divfinancial
"The tax reporting will be done on Form 1099-DIV and shareholders are encouraged"
Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.
cusipfinancial
"Common Shares of Beneficial Interest (CUSIP 105368203)"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
A section 199A dividend is a type of corporate payout that can qualify individual shareholders for a special U.S. tax break that reduces taxable income by up to 20% for certain pass-through earnings. For investors, it matters because the label affects after-tax returns and how dividends are reported on tax forms—think of it as a coupon that lowers the tax bill on part of the dividend, so identical cash payments can result in different take-home amounts depending on this classification.
section 897 capital gainregulatory
"Section 897 Capital Gain | $0 | $0 | $0 | $0 | $0"
A Section 897 capital gain is the profit a non-U.S. person realizes when selling an interest in U.S. real estate that U.S. tax law treats like U.S.-source income. Think of it as a home sale for a foreign seller: the U.S. requires tax be collected on the gain and may require the buyer to withhold part of the sale price, so investors need to plan for potential tax bills, withholding cash needs, and impacts on net proceeds and deal value.
sec. 1250 gainregulatory
"Total Unrecaptured Sec. 1250 Gain | $0 | $0 | $0 | $0 | $0"
Section 1250 gain is the part of a profit on the sale of depreciable real estate that represents past tax deductions taken for wear-and-tear. Tax rules can treat that portion differently from regular long-term capital gains—sometimes taxing it at ordinary rates or a special higher rate—so investors need to account for it when estimating after-tax proceeds, similar to having to “pay back” part of a prior discount when you sell.
applicable partnership interestsfinancial
"with respect to direct and indirect holders of “applicable partnership interests.”"
Applicable partnership interests are the specific ownership stakes in a partnership that are subject to a particular contract, transaction or regulatory rule; they represent the portions of profit, loss, cash flow and decision rights tied to those shares. Investors care because which interests are labeled “applicable” determines who receives distributions, bears liabilities and votes on key matters—like which slices of a pie are being sold or re‑allocated—so it directly affects value, control and expected returns.
PHILADELPHIA, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE: BDN) announced today the tax characteristics of its 2025 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)
2025 Dividend Dates
Record 1/8 Payment 1/23
Record 4/3 Payment 4/17
Record 7/2 Payment 7/17
Record 10/9 Payment 10/23
Totals
% of Annual Total
Gross Distribution Per Share
$0.150000
$0.150000
$0.150000
$0.080000
$0.530000
100.0%
(Boxes 1a+2a+3)
Taxable Ordinary Dividend
$0
$0
$0
$0
$0
0.0%
(Box 1a)
Qualified Dividend Income
$0
$0
$0
$0
$0
(Box 1b)
Total Capital Gain Distribution
$0.004238
$0.004238
$0.004238
$0.002260
$0.014974
2.8%
(Box 2a)
Total Unrecaptured Sec. 1250 Gain
$0
$0
$0
$0
$0
(Box 2b)
Section 897 Ordinary Dividend
$0
$0
$0
$0
$0
(Box 2e)
Section 897 Capital Gain
$0
$0
$0
$0
$0
(Box 2f)
Non-dividend Distribution
$0.145762
$0.145762
$0.145762
$0.077740
$0.515026
97.2%
(Box 3)
Section 199A Dividend
$0
$0
$0
$0
$0
(Box 5)
Pursuant to Treas. Reg. § 1.1061-6(c), the Company reports that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three-Year Amounts Disclosure are $0.014974 with respect to direct and indirect holders of “applicable partnership interests.”
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 Philadelphia, PA and Austin, TX. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 120 properties and 20.0 million square feet as of December 31, 2025. 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.
