Brandywine Realty Trust reports news on its real estate investment trust operations, including ownership, development, leasing and management of urban, town center and transit-oriented properties with core markets in Philadelphia and Austin.
Recurring updates cover quarterly results and FFO, leasing activity, portfolio recycling, development and redevelopment projects, property financing, common dividends, distribution tax characteristics and conference presentations on operating conditions and investment activity.
Brandywine Realty Trust (NYSE: BDN) declared a quarterly cash dividend of $0.19 per common share, payable on July 22, 2020. Despite challenges posed by COVID-19, the company reported strong rent collections, with 99% of April and 96% of May rents collected, including a 97% collection rate from office tenants. The management emphasized the implementation of safety measures and tenant support to ensure a safe return to work. The next earnings release is scheduled for July 22, 2020, with a conference call on July 23, 2020.