Welcome to our dedicated page for Brandywine Realty Trust news (Ticker: BDN), a resource for investors and traders seeking the latest updates and insights on Brandywine Realty Trust stock.
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) reported Q4 and full-year 2025 results and issued 2026 guidance. Q4 FFO available to common shareholders was $14.6M ($0.08 per diluted share); full-year FFO was $93.4M ($0.52). The company repaid a $245M secured loan, consolidated two Philadelphia properties, and provided 2026 FFO guidance of $0.51–$0.59.
Key operating metrics: core portfolio 88.3% occupied, 90.4% leased, same-store NOI +2.4% (accrual), rental mark-to-market 20.9% (accrual). Cash on hand was $32.3M as of December 31, 2025.
Brandywine Realty Trust (NYSE:BDN) and Nuveen Green Capital closed an $87.3 million C-PACE financing for 3151 Market Street in Philadelphia on Jan. 27, 2026, administered by the Philadelphia Energy Authority.
The package includes $30 million of capital earmarked for future tenants of the recently completed 494,530-square-foot, 12-story lab and office building in Schuylkill Yards. The deal is the largest C-PACE financing in Pennsylvania history and the first recorded for a publicly traded REIT. C-PACE proceeds will fund building envelope, lighting, HVAC and water conservation upgrades and allow Brandywine to preserve conventional debt capacity at the LEED Platinum building (certification pending).
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.
Index changes announced (effective Jan 2026): UiPath (PATH) will be added to the S&P MidCap 400 on January 2, 2026, replacing Synovus Financial (SNV). Versant Media Group (VSNT) will be added to the S&P SmallCap 600 on January 6, 2026, replacing Brandywine Realty Trust (BDN). Comcast is spinning off Versant on January 5 and will remain in the S&P 500.
Brandywine Realty Trust (NYSE: BDN) announced a quarterly cash dividend of $0.08 per common share and OP Unit, payable on January 22, 2026 to holders of record on January 7, 2026, equal to an annual rate of $0.32 per share.
The company also confirmed it expects to release Q4 2025 earnings after market close on February 3, 2026 and to host a conference call on February 4, 2026 at 9:00 a.m. ET, with a live webcast available on its Investor Relations website.
Brandywine reports a portfolio of 120 properties totaling 18.9 million square feet as of September 30, 2025.
Brandywine Realty Trust (NYSE:BDN) reported third-quarter 2025 results and narrowed full-year 2025 guidance on October 22, 2025. Key points:
- 2025 FFO guidance cut to $0.51–$0.53 per diluted share (previously $0.60–$0.66).
- Q3 FFO was $28.0 million, or $0.16 per diluted share; nine-month FFO was $78.8 million, or $0.44 per diluted share.
- Net loss for Q3 was $(26.2) million (loss $(0.15) per share); nine-month loss $(142.6) million includes $63.4 million impairments.
- Balance sheet: $75.5 million cash, $0 outstanding on $600 million revolver; issued $300 million five-year notes at 6.125% and repaid $245 million secured loan.
- Operations: Core portfolio 88.8% occupied, same-store NOI +1.4% (accrual); speculative revenue target $27.3 million achieved.
Brandywine Realty Trust (NYSE: BDN) announced on October 3, 2025 that its operating partnership closed an underwritten public offering of $300 million of 6.125% guaranteed notes due 2031. The Operating Partnership stated it intends to use net proceeds to repay consolidated secured debt and for general corporate purposes, which may include repayment, repurchase or other retirement of other indebtedness. The offering was made pursuant to an effective shelf registration statement and related prospectus filed with the SEC. The press release clarifies it is not an offer in jurisdictions where such sale would be unlawful prior to registration or qualification.
Brandywine Realty Trust (NYSE:BDN) has announced the pricing of $300 million in guaranteed notes through its operating partnership. The notes, due in 2031, carry a 6.125% interest rate with semi-annual payments starting January 15, 2026.
The notes are priced at 100% of principal amount, with the offering expected to close on October 3, 2025. After deducting costs, the net proceeds of approximately $296.3 million will be used to repay consolidated secured debt and for general corporate purposes, including potential debt retirement.
The offering is being managed by multiple financial institutions, including BofA Securities, Citigroup Global Markets, Truist Securities, and Wells Fargo Securities as joint book-running managers.
Brandywine Realty Trust (NYSE:BDN) announced significant changes to its financial structure and dividend policy. The company declared a quarterly dividend of $0.08 per share, representing a substantial reduction from the previous $0.15, resulting in a new annual rate of $0.32 (down from $0.60).
The REIT plans to prepay a $245 million secured loan in October using cash, its $600 million credit line, and other liquidity sources. This prepayment will fully unencumber BDN's operating portfolio but result in a Q4 earnings charge of $12-14 million ($0.07-0.09 per share). The move is expected to increase unencumbered annual cash flow by $45 million, while the dividend reduction should retain approximately $50 million in cash for investment activities.
Brandywine Realty Trust (NYSE:BDN) reported Q2 2025 financial results, posting a net loss of $(89.0) million, or $(0.51) per share, including $63.4 million in non-cash impairment charges related to Austin assets. FFO was $0.15 per diluted share.
Key operational highlights include 88.6% core portfolio occupancy and 91.1% leased rate. The company leased 234,000 square feet in its wholly-owned portfolio with an 82% tenant retention ratio and achieved a 2.1% rental rate increase on an accrual basis.
Management narrowed 2025 FFO guidance to $0.60-$0.66 per share, increased asset sales target to $72.7 million, and maintains strong liquidity with $122.6 million cash and no outstanding balance on its $600 million credit line.