Welcome to our dedicated page for BRANDYWINE REALTY TRUST SEC filings (Ticker: BDN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Brandywine Realty Trust filings document the REIT and Brandywine Operating Partnership, L.P. as public real estate registrants, including operating results, financial condition, common-share registration and capital-structure matters tied to the operating partnership.
Recent disclosure categories include Form 8-K reports for earnings releases and non-GAAP reconciliations, material agreements and debt financing, and governance events. Proxy materials cover trustee elections, executive compensation, equity awards, shareholder voting matters and other REIT governance disclosures.
Brandywine Realty Trust (BDN) reports that its Board of Trustees has appointed Terri Herubin as a Trustee, effective September 15, 2026. She will serve until the 2027 annual meeting of shareholders and will stand for election at that meeting. Concurrently, she has been appointed to the Board’s Audit Committee.
The company notes Ms. Herubin’s prior Board service from 2018 to 2024 and her extensive real estate investment and governance background. There are no related-party arrangements or transactions requiring disclosure, and she will receive standard non-employee Trustee compensation on a prorated basis.
BRANDYWINE REALTY TRUST (BDN) reports that President and CEO Gerard H. Sweeney purchased 33,900 Common Shares of Beneficial Interest in an open-market transaction on September 14, 2026 at $2.96 per share, bringing his direct holdings to 4,207,691 shares, which include 5,641 previously unreported DRIP-acquired shares. No Rule 10b5-1 trading plan is reported for this purchase.
Brandywine Realty Trust (BDN), through its operating partnership, entered into an Agreement of Sale to dispose of its interest in a 441,000 square foot property at 3151 Market Street in Philadelphia for $240 million, or $544 per square foot, to an unrelated third-party buyer.
The property is only 4% leased and is subject to a $57.3 million mortgage, which will be repaid at closing. The Company anticipates net proceeds of approximately $168 million after repayment and customary adjustments. The buyer has placed a $5 million earnest money deposit in escrow that is non-refundable except as provided in the Agreement.
The closing is scheduled for September 30, 2026, or earlier by mutual agreement, and remains subject to customary closing conditions and termination rights. The Company states it cannot assure that the transaction will close on schedule or at all.
Brandywine Realty Trust’s operating partnership has launched concurrent, but separate, cash tender offers for up to $100,000,000 aggregate principal amount of its outstanding notes, subject to series caps of $50,000,000 for its 7.550% guaranteed notes due 2028 and $50,000,000 for its 8.875% guaranteed notes due 2029.
Holders whose notes are accepted will receive $1,047.50 per $1,000 principal amount of the 2028 notes and $1,068.75 per $1,000 principal amount of the 2029 notes, plus accrued interest. The offers expire at 5:00 p.m. New York City time on August 21, 2026, with settlement anticipated on August 25, 2026. The operating partnership intends to fund purchases with cash on hand and/or borrowings under its $600,000,000 line of credit.
Vanguard Capital Management reported beneficial ownership of Brandywine Realty Trust common stock on Schedule 13G. Vanguard and certain affiliated entities beneficially own 8,703,795 shares, representing 5.01% of the outstanding common stock. Vanguard has sole voting power over 1,319,268 shares and sole dispositive power over all 8,703,795 shares, with no shared voting or dispositive power. The holdings include securities held by various Vanguard funds and managed accounts for which Vanguard affiliates exercise voting and/or dispositive power.
Brandywine Realty Trust (BDN) and its operating partnership reported higher revenue but continued losses for the quarter ended June 30, 2026. Total revenue was $128.9 million versus $120.6 million a year earlier, driven mainly by rent of $122.7 million. Net loss attributable to common shareholders narrowed to $31.7 million from $89.0 million in 2025, helped by lower impairment charges, but interest expense rose to $41.9 million from $32.3 million.
For the first half of 2026, revenue reached $255.9 million and net loss attributable to common shareholders was $80.6 million. Consolidated net operating income was $76.4 million for the quarter and $151.4 million year-to-date. Cash provided by operating activities was $45.8 million, while investing activities used $97.9 million, largely for development, tenant improvements and investments in unconsolidated ventures. Financing activities provided $28.4 million, including new secured borrowing and net credit facility draws.
At June 30, 2026, Brandywine had $3.54 billion in total assets and $2.62 billion of debt, with major unsecured note and term loan maturities concentrated in 2027–2029. Cash and restricted cash totaled $38.7 million. The company classified $232.9 million of assets as held for sale and agreed to multiple office and parking property sales, some completed in July 2026. The board declared a quarterly common distribution of $0.08 per share/unit. The portfolio comprised 59 properties with about 11.5 million net rentable square feet plus meaningful development land and interests in seven unconsolidated real estate ventures.
BlackRock Portfolio Management LLC reported beneficial ownership of 9,003,402 shares of Brandywine Realty Trust common stock on a Schedule 13G filing. This represents 5.2% of the company’s outstanding common shares.
BlackRock has sole voting power over 8,485,025 shares and sole dispositive power over all 9,003,402 shares, with no shared voting or dispositive power. The shares are held on behalf of various clients who may receive dividends or sale proceeds, but no single client is reported to hold more than five percent of Brandywine’s outstanding common stock.
Brandywine Realty Trust, through its operating partnership, completed the disposition of a 206,000 square foot Austin, Texas office building and its 520-space parking garage on July 9, 2026, for a sales price of $151.0 million, generating net proceeds of approximately $146.1 million.
Pro forma, the March 31, 2026 balance sheet shows total assets rising to $3,617,767 thousand, with cash and cash equivalents increasing to $182,269 thousand. The pro forma gain on sale of real estate of $37,978 thousand increases cumulative earnings and Brandywine’s equity to $772,291 thousand. For 2025, removing the property’s results would have reduced rents by $19,159 thousand and operating expenses by $12,277 thousand, with net loss attributable to common shareholders improving from $(179,478) thousand to $(148,491) thousand.
BRANDYWINE REALTY TRUST President and CEO Gerard H. Sweeney reported a routine tax-withholding share disposition. On a scheduled distribution from the company’s deferred compensation plan, 1,749 Common Shares of Beneficial Interest were withheld at $3.17 per share to cover payroll taxes. After this non-market transaction, Sweeney directly holds 4,168,150 common shares.
Brandywine Realty Trust extended the maturity of its revolving credit facility by six months, moving the due date from June 30, 2026 to December 30, 2026. The borrowers submitted an extension notice and paid a fee equal to 0.0625% of the facility, with no other credit agreement terms changed.
At the same meeting, shareholders approved an amendment to the 2023 Long-Term Incentive Plan, increasing the number of common shares available by 5,000,000 and extending the plan’s term to March 19, 2036. Six trustees were elected, PricewaterhouseCoopers LLP was ratified as auditor for 2026, and advisory say-on-pay and the plan amendment each received shareholder support.