Brandywine Rlty Tr Stock Price, News & Analysis

Brandywine Realty Trust (NYSE:BDN) announced a quarterly cash dividend of $0.19 per common share, with an annualized rate of $0.76. The dividend is payable on April 21, 2021, to shareholders of record as of April 7, 2021. The company will release its first-quarter earnings on April 21, 2021, followed by a conference call on April 22, 2021, at 9:00 a.m. Eastern. Brandywine is a leading REIT focused on the Philadelphia, Austin, and Washington, D.C. markets, managing a portfolio of 175 properties totaling 24.7 million square feet.

Brandywine Realty Trust (NYSE: BDN) has disclosed the tax characteristics of its 2020 distributions. According to the announcement, the total gross distribution per share was $0.760, constituting 100% of the annual total. Of this amount, $0.409788 (53.9%) is classified as taxable ordinary dividends, while $0.350212 (46.1%) is labeled as capital gain distributions. The company encourages shareholders to consult with their tax advisors regarding the treatment of these dividends. Detailed tax reports are accessible on their website.

Brandywine Realty Trust (NYSE: BDN) announced a quarterly cash dividend of $0.19 per share, payable on January 20, 2021. This dividend corresponds to an annual rate of $0.76 per share. The record date for this dividend is set for January 6, 2021. Additionally, the company will release its fourth-quarter earnings on February 2, 2021, followed by a conference call on February 3, 2021, at 9:00 a.m. Eastern. Brandywine Realty Trust operates 173 properties totaling 24.4 million square feet across key U.S. markets, focusing on urban and transit-oriented developments.

Brandywine Realty Trust (NYSE:BDN) reported strong financial results for Q3 2020, highlighting a net income of $274.4 million, or $1.60 per diluted share, bolstered by a $271.9 million gain from a joint venture. The company narrowed its 2020 FFO guidance to $1.40-$1.42 per diluted share, driven by an impressive rental rate increase of 17.1% on an accrual basis. Despite ongoing challenges from COVID-19, cash-based rent collections remained high at 99.5%. The core portfolio is 91.0% occupied with significant leasing activity, including 231,000 square feet in new and renewal leases.

Brandywine Realty Trust (NYSE: BDN) declared a quarterly cash dividend of $0.19 per common share, payable on October 21, 2020, with a record date of October 7, 2020. This dividend corresponds to an annual rate of $0.76 per share. The company will release its third-quarter earnings after the market closes on October 21, 2020, followed by a conference call on October 22, 2020, at 9:00 a.m. Eastern. Brandywine Realty focuses on the Philadelphia, Austin, and Washington, D.C. markets, managing 172 properties across 24.1 million square feet.

Brandywine Realty Trust (NYSE:BDN) has completed a $600 million joint venture for One and Two Commerce Square in Philadelphia, securing a $115 million investment from a global institutional partner. The company reported a net income of $3.9 million for Q2 2020, down from $6.1 million in Q2 2019, and FFO of $57.7 million, a decrease from $62.2 million year-over-year. The core portfolio is 90.7% occupied with a tenant retention ratio of 37%. The company revised its 2020 FFO guidance to $1.38-$1.44 per diluted share. Despite challenges from COVID-19, liquidity remains strong at $584 million.

Brandywine Realty Trust (NYSE: BDN) will participate in the Stifel 2020 Cross Sector Insight Conference on June 10, 2020, at 8:00 a.m. ET. The virtual presentation is expected to last approximately 30 minutes and can be accessed live via a webcast. A replay will be available one hour after the event and will remain online until June 24, 2020. Brandywine Realty Trust focuses on urban development, managing a portfolio of 172 properties totaling 24.1 million square feet as of March 31, 2020.

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.