Welcome to our dedicated page for Brandywine Rlty Tr 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 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.
DIGGS JAMES C reported acquisition or exercise transactions in this Form 4 filing.
Brandywine Realty Trust director James C. Diggs received a stock award of 37,582 common shares. The grant represents his $115,000 Annual Trustee award, calculated using a closing share price of $3.06 on 05/28/26, and the shares vested immediately upon grant. Following this compensation-related award, he directly holds 166,254 common shares of beneficial interest.
DesRoches Reginald reported acquisition or exercise transactions in this Form 4 filing.
BRANDYWINE REALTY TRUST director Reginald DesRoches received an equity grant as part of his board compensation. He was awarded 37,582 Common Shares of Beneficial Interest as a $115,000 Annual Trustee award, calculated using a closing share price of $3.06 on May 28, 2026. The shares vested immediately upon grant, and his directly held position increased to 122,028 shares after this transaction. The filing also corrects a prior 20‑share overstatement in his previously reported ownership balance.
HAVERSTICK H RICHARD JR reported acquisition or exercise transactions in this Form 4 filing.
Brandywine Realty Trust director H. Richard Haverstick Jr received a grant of 37,582 Common Shares of Beneficial Interest as part of his $115,000 Annual Trustee award. The number of shares was calculated using a closing price of $3.06 on 05/28/26, and the shares vested immediately upon grant.
After this award, he directly holds a total of 170,929 common shares. This is a compensation-related equity grant rather than an open-market purchase or sale, so it mainly reflects how the company structures trustee pay in stock.
Brandywine Realty Trust director Joan Lau received a share-based compensation award. She acquired 37,582 Common Shares of Beneficial Interest on May 28, 2026 as a grant valued at $115,000, based on a closing price of $3.06 per share. The shares vested immediately upon grant, and following this award she directly holds 121,445 common shares.
PIZZI CHARLES P reported acquisition or exercise transactions in this Form 4 filing.
BRANDYWINE REALTY TRUST director Charles P. Pizzi received an equity award of 37,582 common shares of beneficial interest. The award represents an Annual Trustee grant valued at $115,000, based on a closing share price of $3.06 on May 28, 2026. The shares vested immediately upon grant, and following this transaction he directly holds 203,772 common shares.
Brandywine Realty Trust and Brandywine Operating Partnership reported a much weaker quarter for the period ended March 31, 2026. Total revenue rose to $127.0 million from $121.5 million, but net loss widened to $48.8 million compared with $27.1 million a year earlier.
The larger loss reflects higher depreciation and amortization, a $11.9 million impairment charge, lower gains on real estate sales and continued losses from unconsolidated real estate ventures. Interest expense increased to $40.9 million, underscoring the burden of $2.62 billion in total debt.
The Company owns 64 properties totaling about 12.3 million square feet, plus interests in seven unconsolidated ventures. Cash and restricted cash were $66.3 million. Brandywine declared a $0.08 per share distribution and repurchased 700,000 common shares at an average price of $3.10 during the quarter.
Brandywine Realty Trust reported that Vanguard Portfolio Management beneficially owned 8,798,458 shares of Common Stock, representing 5.06% of the class as of 03/31/2026. The filing states Vanguard exercises sole dispositive power over those shares while voting power is limited to 66,176 shares, and ownership is reported on behalf of various Vanguard funds and managed accounts.
Brandywine Realty Trust reported a wider first-quarter 2026 loss but stable property performance and solid liquidity. Net loss attributable to common shareholders was $48.9 million, or $(0.28) per share, versus a $27.4 million loss, or $(0.16) per share, a year earlier, including $11.9 million of non-cash impairment charges.
Funds from Operations (FFO), a key REIT cash-flow metric, totaled $20.0 million, or $0.11 per diluted share, down from $0.14 per share in 2025. The first-quarter FFO payout ratio was 72.7% based on a $0.08 per-share distribution. Same-store cash net operating income rose 3.3%, with cash rental rate mark-to-market down 2.6% but up 4.1% on an accrual basis.
The core portfolio was 88.3% occupied and 89.9% leased, with 268,000 square feet of new and renewal leases in wholly owned assets and 422,000 square feet including joint ventures. Management reaffirmed its 2026 business plan, narrowing FFO guidance to $0.52–$0.58 per diluted share and adjusting loss-per-share guidance to $(0.76)–$(0.70). The company highlighted a planned $290–$300 million asset sale program, a potential $100 million Avira financing, and maintained ample liquidity with $65 million drawn on a $600 million credit line and no unsecured bond maturities until November 2027.
Brandywine Realty Trust General Counsel & Secretary Shawn Neuman reported a routine tax-related share disposition. On April 15, 2026, 21,114 Common Shares of Beneficial Interest were withheld at $2.76 per share to satisfy payroll taxes tied to vesting or delivery of equity awards. Following this non‑market transaction, Neuman directly holds 267,083 common shares, indicating the event reflects compensation-related tax withholding rather than an open-market sale.