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) common stock was reported as beneficially owned by Vanguard Portfolio Management at 8,700,286 shares, or 4.98%, as of September 30, 2026. The reported position includes securities attributed to Vanguard Portfolio Management LLC and specified affiliates or business divisions, including holdings in Vanguard funds and client accounts over which those entities exercise dispositive and/or voting power. Vanguard reported sole voting power over 70,330 shares and sole dispositive power over 8,700,286 shares; shared voting and dispositive power were each zero. It stated that no other person's interest in the reported securities exceeded 5%.
Brandywine Realty Trust (BDN) is the issuer of the common stock for which Vanguard Capital Management reported beneficial ownership of 8,704,949 shares, or 4.98%, as of September 30, 2026. The reported amount includes securities attributed to Vanguard Capital Management LLC and specified affiliates and business divisions.
Brandywine Realty Trust (BDN) reported third-quarter 2026 net loss attributable to common shareholders of $22.3 million on revenue of $125.6 million; for the nine months ended September 30, 2026, common-shareholder net loss was $102.8 million on revenue of $381.6 million. Third-quarter revenue was $125.6 million versus $121.4 million a year earlier, while common-shareholder net loss narrowed from $26.2 million to $22.3 million. The quarter included a $55.7 million net gain on real estate dispositions, a $29.1 million impairment provision, and a $15.4 million loss on early debt extinguishment.
During the quarter, the company repurchased and retired 4,666,266 common shares at an average price of $3.19 per share, totaling $14.9 million. Nine-month operating cash flow was $84.4 million; cash and equivalents were $312.7 million and total debt obligations were $2.410 billion as of September 30, 2026. Core-property occupancy was 89.0%, compared with 88.8% a year earlier, while Austin occupancy was 66.4% versus 77.2%. The company completed four office-property sales during the quarter, including a 441,000-square-foot property in the Pennsylvania Central Business District segment for $240.0 million; it recorded a $29.1 million impairment on that property before the sale.
Brandywine Realty Trust (BDN) reported a third-quarter 2026 net loss attributable to common shareholders of $22.3 million, or $0.13 per share, compared with a $26.2 million loss, or $0.15 per diluted share, a year earlier. Core FFO was $24.6 million, or $0.14 per diluted share, versus $28.0 million, or $0.16, in third-quarter 2025; nine-month Core FFO was $68.2 million versus $78.8 million.
Its core portfolio was 89.0% occupied and 90.5% leased as of September 30, 2026. Same-store NOI excluding other items decreased 0.6% on an accrual basis and increased 1.7% on a cash basis. The company reported $681 million of property sales against a $305 million business-plan target, reduced combined debt by $390 million during the quarter, and repurchased approximately 4.7 million common shares for $14.9 million.
Management adjusted 2026 loss-per-share guidance to $(0.64)–$(0.62) from $(0.45)–$(0.41), and changed FFO guidance of $0.53–$0.57 per diluted share to Core FFO guidance of $0.54–$0.56, which excludes the $15.4 million debt-extinguishment loss. The board declared a $0.08 quarterly dividend, payable October 22, 2026, to holders of record October 8, 2026.
Brandywine Realty Trust (BDN) completed the sale of its 3151 Market Street office property in Philadelphia on September 30, 2026, for $240.0 million, with approximately $233.7 million in net proceeds. The property is a 441,000-square-foot office building with 70 below-grade parking spaces. The company repaid $60.2 million in connection with retiring the property's $57.3 million Commercial Property Assessed Clean Energy loan.
The unaudited pro forma statements model the sale as if it occurred on June 30, 2026, for the balance sheet and January 1, 2025, for operating results. For the six months ended June 30, 2026, pro forma net loss was $74.446 million, compared with historical net loss of $80.339 million; for 2025, pro forma net loss was $202.645 million, compared with historical net loss of $178.867 million. The company says the pro forma information is not necessarily indicative of actual or future results and that actual impairment and debt-extinguishment amounts may differ materially.
Brandywine Realty Trust (BDN) reported that director Terri A. Herubin rejoined its Board of Trustees effective September 15, 2026.
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.