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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.
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Brandywine Realty Trust (NYSE: BDN) reported its Q3 2022 results, revealing a net income of $13.3 million, or $0.08 per diluted share, compared to $0.01 per diluted share in Q3 2021. Funds from Operations (FFO) increased to $61.8 million, or $0.36 per diluted share, with a payout ratio of 52.8%. The company achieved a 16.5% mark-to-market rent increase and 90.8% core portfolio occupancy. A new 145,000 sq. ft. development for Arkema S.A. is set for completion in Q4 2024. Guidance remains unchanged with FFO projected at $1.36 to $1.40 per share for 2022.
On September 13, 2022, Brandywine Realty Trust (NYSE: BDN) declared a quarterly cash dividend of $0.19 per common share, payable on October 20, 2022. This amounts to an annual rate of $0.76 per share. The record date for dividend eligibility is October 6, 2022. The company also announced it will release its third-quarter earnings after market close on October 20, 2022, with a conference call scheduled for October 21, 2022.
Brandywine Realty Trust (NYSE: BDN) reported Q2 2022 financial results, highlighting a net income of $4.5 million ($0.03 per share) and FFO of $60.5 million ($0.35 per share). Occupancy was at 89.6% with a tenant retention ratio of 70%. The company announced significant lease agreements, including a 221,000 square foot lease in Northern Virginia and a new 417,000 square foot life science building in Philadelphia. However, they adjusted their FFO guidance down to $1.36-$1.40 per share due to rising interest rates, impacting their financial outlook.
Brandywine Realty Trust (NYSE: BDN) has initiated a redevelopment project at 2340 Dulles Corner Boulevard in Herndon, Virginia, focusing on a 265,000 square foot vacant office building. The project has started with an anchor lease from a leading telecommunications company, comprising 221,000 square feet, which represents 85% of the property. This 11-year lease is set to commence upon tenant occupancy, anticipated in Q2 2023. Management expressed optimism about the project, emphasizing its potential to enhance workplace experience for the tenant.
Brandywine Realty Trust (NYSE: BDN) has declared a quarterly cash dividend of $0.19 per common share, amounting to an annual rate of $0.76. This dividend will be payable on July 20, 2022, to shareholders on record as of July 6, 2022.
The company will disclose its second quarter earnings on July 25, 2022, followed by a conference call on July 26, 2022, at 9:00 a.m. ET. Brandywine Realty Trust continues to focus on urban and transit-oriented properties, managing a portfolio of 168 properties across major markets.
Brandywine Realty Trust (NYSE: BDN) reported its Q1 2022 results, with a net income of $5.9 million, or $0.03 per diluted share. Funds from Operations (FFO) totaled $60.3 million, also at $0.35 per diluted share. The occupancy rate of the core portfolio was 89.4%, with new and renewal leases signed covering 428,000 square feet. Notably, mark-to-market rents increased by 20.4% on an accrual basis. The company is maintaining its 2022 earnings guidance of $0.17 to $0.25 per share and FFO guidance of $1.37 to $1.45 per share.
Brandywine Realty Trust (NYSE: BDN) will participate in the Citi 2022 Global Property CEO Conference on March 8, 2022, at 4:15 p.m. ET for a 35-minute presentation. The event can be accessed via webcast. A replay will be available an hour after the presentation until April 8, 2022. Brandywine, a leading real estate investment trust, focuses on urban and transit-oriented properties across major markets, owning 168 properties totaling 23.1 million square feet.
Brandywine Realty Trust (NYSE: BDN) will present at the Citi 2022 Global Property CEO Conference on March 8, 2022, at 4:15 p.m. ET, for approximately 35 minutes. The presentation will be available via live webcast, and a replay will be accessible one hour after the event, expiring on April 8, 2022. As of December 31, 2021, Brandywine Realty Trust operates 168 properties totaling 23.1 million square feet across key markets, focusing on urban and transit-oriented developments.
Brandywine Realty Trust (NYSE: BDN) announced a quarterly cash dividend of $0.19 per common share, payable on April 20, 2022. This is equivalent to an annual rate of $0.76 per share. The record date for this dividend is April 6, 2022. The company is set to release its first quarter earnings on April 20, 2022, followed by a conference call on April 21, 2022, at 9:00 a.m. Eastern. Brandywine Realty Trust operates in key U.S. markets, focusing on leasing and managing a portfolio of 168 properties totaling 23.1 million square feet.
Brandywine Realty Trust (NYSE:BDN) reported its financial results for the year ending December 31, 2021, showcasing a net income of $4.5 million, or $0.03 per diluted share, compared to $18.9 million in Q4 2020. Funds from Operations (FFO) stood at $60.4 million, or $0.35 per diluted share. The company achieved significant milestones, including a 10.3% growth in cash rent and a 16.2% growth in accrual rent for 2021. The occupancy rate of their core portfolio reached 91.3%, while new leases signed totaled 468,000 square feet in Q4. Guidance for 2022 projects FFO between $1.37 to $1.45 per diluted share.
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