Welcome to our dedicated page for Brandywine Rlty Tr news (Ticker: BDN), a resource for investors and traders seeking the latest updates and insights on Brandywine Rlty Tr stock.
Brandywine Realty Trust (NYSE: BDN) delivers innovative urban real estate solutions through office, life science, and mixed-use properties across Philadelphia, Austin, and Washington, D.C. This news hub provides investors and stakeholders with essential updates about this leading REIT's strategic initiatives and market position.
Access authoritative reporting on earnings announcements, property acquisitions, and partnership developments. Our curated collection includes press releases about sustainability programs, community engagement efforts, and transformative urban redevelopment projects that define BDN's approach.
Discover updates across key operational areas: quarterly financial results, leasing milestones in strategic markets, adaptive reuse initiatives preserving historical structures, and transit-oriented developments enhancing urban landscapes. Content is rigorously verified to support informed analysis of BDN's performance.
Bookmark this page for streamlined access to Brandywine Realty Trust's latest corporate communications. Check regularly for updates reflecting the company's role in shaping sustainable, connected communities through strategic real estate investments.
Brandywine Realty Trust (NYSE: BDN) has completed the sale of One and Two Barton Skyway in Southwest Austin to the City of Austin for $107.6 million, or $275 per square foot. The 386,000-square-foot facility will be used as a consolidated public safety headquarters. The company retains ownership of Four Barton Skyway, which is 94% leased. This transaction aligns with Brandywine's capital recycling and portfolio management strategy, while maintaining its commitment to Austin through developments like 405 Colorado and the 66-acre Uptown ATX master-planned project.
Brandywine Realty Trust (NYSE: BDN) has announced a 119,000-square-foot lease with a global industrial solutions leader at 250 Radnor, achieving 100% occupancy. The 168,000-square-foot building, converted from a medical office to a state-of-the-art lab facility, hosts tenants including West Pharmaceutical, Quanta Therapeutics, and Penn Medicine. Located within the 26.6-acre Radnor Life Science Center, the property features extensive amenities and is part of a mixed-use, transit-oriented campus. The campus also includes 155 Radnor, a 145,000-square-foot office building fully leased to Arkema S.A., set to welcome employees this fall.
Brandywine Realty Trust (NYSE:BDN) reported its Q3 2024 financial results, adjusting and narrowing its 2024 FFO guidance to $0.89-$0.92 per share. Key highlights include:
- Net loss of $(165.5) million, or $(0.96) per share, including $(161.4) million in non-cash impairment charges
- FFO of $39.8 million, or $0.23 per diluted share
- Core portfolio 87.2% occupied and 88.7% leased
- Raised speculative revenue target to $26.3 million, 100% achieved
- Increased annual tenant retention rate by 3.0%
- Completed sale of five Class-B office properties for $65.5 million
- Raised 2024 asset sales target to $150 million at midpoint
The company reported strong progress on its 2024 business plan, exceeding many targets. However, it removed land sales from the plan, impacting earnings by approximately $0.03 per share.
Brandywine Realty Trust (NYSE:BDN) has announced a quarterly cash dividend of $0.15 per common share and OP Unit, payable on October 24, 2024, to holders of record on October 9, 2024. This dividend is equivalent to an annual rate of $0.60 per share. The company will release its third quarter earnings after market close on October 22, 2024, followed by a conference call on October 23, 2024, at 9:00 a.m. Eastern Time.
Brandywine Realty Trust is a publicly traded, full-service, integrated real estate company focusing on the Philadelphia and Austin markets. As of June 30, 2024, the company owns, develops, leases, and manages an urban, town center, and transit-oriented portfolio comprising 156 properties and 22.3 million square feet.
Brandywine Realty Trust (NYSE: BDN) reported its Q2 2024 financial results, narrowing its 2024 FFO guidance to $0.91-$0.96 per diluted share. Key highlights include:
- Net income of $29.9 million, or $0.17 per diluted share
- FFO of $38.0 million, or $0.22 per diluted share
- Core portfolio 87.3% occupied and 88.5% leased
- Rental rate mark-to-market increased 10.8% on an accrual basis
- Same-store NOI decreased 1.3% on an accrual basis, increased 2.4% on a cash basis
The company completed a $400 million offering of 8.875% Guaranteed Notes due 2029 and recapitalized its MAP Joint Venture. BDN raised its full-year speculative revenue target to $25.5 million and anticipates positive mark-to-market rental rate increases for 2024.
Brandywine Realty Trust (NYSE:BDN) announced a quarterly cash dividend of $0.15 per common share and OP Unit, payable on July 18, 2024, to holders of record on July 3, 2024. This dividend equates to an annual rate of $0.60 per share. The company also confirmed it will release its second quarter 2024 earnings after the market closes on July 23, 2024. A conference call to discuss these results will be held on July 24, 2024, at 9:00 a.m. Eastern Time, accessible via phone and webcast.
Brandywine Realty Trust is a leading REIT in the United States, operating primarily in Philadelphia and Austin, managing a portfolio of 156 properties and 22.3 million square feet as of March 31, 2024. The company focuses on urban, town center, and transit-oriented developments.
FAQ
What is the current stock price of Brandywine Rlty Tr (BDN)?
What is the market cap of Brandywine Rlty Tr (BDN)?
