Latest news with #BrandywineRealtyTrust
Yahoo
3 days ago
- Business
- Yahoo
Brandywine Realty Trust to Present at Nareit's REITweek: 2025 Investor Conference
PHILADELPHIA, May 30, 2025 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that Jerry Sweeney, President & Chief Executive Officer; Tom Wirth, Executive Vice President & CFO; and Dan Palazzo, SVP & Chief Accounting Officer, will present at Nareit's REITweek 2025 Investor Conference. The analyst-led roundtable presentation is scheduled for Wednesday, June 4, 2025 at 2:00 p.m. Eastern Time and is expected to last approximately 30 minutes. Brandywine's presentation can be accessed live via webcast here and a replay will be available on the Investor Relations page of our website at until June Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in Philadelphia, PA and Austin, TX. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 125 properties and 19.4 million square feet as of March 31, 2025. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit Company / Investor Contact: Tom WirthEVP & CFO610-832-7434 Heather Crowell Gregory FCA 215-316-6271heather@
Yahoo
21-05-2025
- Business
- Yahoo
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Second Quarter 2025 Earnings Release and Conference Call
PHILADELPHIA, May 21, 2025 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on July 17, 2025 to holders of record on July 2, 2025. The quarterly dividend is equivalent to an annual rate of $0.60 per will release our second quarter earnings after the market close on Wednesday July 23, 2025, and we will host our second quarter conference call on Thursday July 24, 2025 at 9:00 a.m. Eastern Time. To access the conference call by phone, please visit this link here, and you will be provided with dial in details. The link will be available within 60 days of the conference call. A live webcast of the conference call will also be available on the Investor Relations page of our website at Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in Philadelphia, PA and Austin, TX. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 125 properties and 19.4 million square feet as of March 31, 2025. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit Company / Investor Contact: Tom Wirth EVP & CFO 610-832-7434 Heather Crowell Gregory FCA 215-316-6271 heather@
Yahoo
24-04-2025
- Business
- Yahoo
Brandywine Realty Trust (BDN) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
FFO (Funds From Operations): $0.14 per share for Q1 2025. Net Loss: $27.4 million or $0.16 per share for Q1 2025. Leasing Activity: 340,000 square feet leased in Q1 2025. Occupancy Rate: 86.6% occupied and 89.2% leased at the end of Q1 2025. Retention Rate: 55% for Q1 2025. Mark to Market: 8.9% on a GAAP basis and 2.3% on a cash basis for Q1 2025. Debt Metrics: Debt service and interest coverage ratios at 2.1; net debt to EBITDA at 7.7% for Q1 2025. Liquidity: $65 million outstanding on a $600 million unsecured line of credit. Dividend: $0.60 per share, with a payout ratio of 169.4% for Q1 2025. Development Projects: Expected to generate $41 million of annualized NOI upon stabilization. Warning! GuruFocus has detected 7 Warning Signs with BDN. Release Date: April 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Brandywine Realty Trust (NYSE:BDN) achieved a first quarter FFO of $0.14 per share, reinforcing the high quality and strong market positioning of its portfolio. The company has executed 92% of its 2025 speculative revenue target, indicating strong progress towards its annual goals. Brandywine Realty Trust (NYSE:BDN) reported a high level of forward leasing activity, with 306,000 square feet set to commence after the first quarter, marking the highest level in over 11 quarters. The Philadelphia CBD portfolio is 96.2% leased, capturing 64% of all deals done in the central business district, showcasing strong market presence. The company has no unsecured bond maturities until 2027, providing financial stability and flexibility in managing its debt obligations. The first quarter net loss was $27.4 million or $0.16 per share, indicating financial challenges. Quarterly retention rate was 55%, and leasing activity was below the fourth quarter run rate, reflecting potential operational hurdles. Austin's occupancy rate is at 75% due to early terminations, impacting overall occupancy numbers negatively. The life science market remains in recovery mode, affected by a challenging fundraising climate and public policy uncertainty, which could delay stabilization of related projects. The company's payout ratio for the first quarter was 169.4%, significantly above historical averages, indicating pressure on dividend sustainability. Q: Can you provide more details on the leasing pipeline, particularly in Austin? A: Gerard Sweeney, President and CEO, explained that the pipeline includes a mix of technology, financial services, and emerging life science companies. The pipeline ranges from small spaces to larger tenants in advanced discussions. Increased tour activity and interest from technology tenants were noted. Q: How is the macroeconomic environment affecting decision-making and leasing activity? A: Gerard Sweeney noted that while macro uncertainty is present, it hasn't significantly impacted decision-making for larger prospects. Decision-making remains slower than desired, but recent events haven't worsened the situation. George Johnstone, EVP of Operations, added that Brandywine's internal teams are expediting their side of transactions. Q: Can you provide a breakdown of the leasing pipeline between the operating portfolio and development projects like Uptown ATX and 3025? A: Gerard Sweeney stated that the operating portfolio pipeline is between 1.7 million and 1.8 million square feet, with strong activity in Philadelphia. Development projects like 3025 have one remaining floor and two retail spaces in advanced discussions. Uptown ATX has seen increased tour activity, particularly from technology companies. Q: How has the macro environment affected the buyer pool and pricing for asset sales? A: Gerard Sweeney mentioned that the investment market is seeing a reemergence of institutional buyers, with a blend of institutional operators and private equity showing interest. The company has targeted $50 million in sales for the year, with several properties in Austin on the market. Q: What is the strategy for recapitalizing development projects, particularly multifamily ones nearing stabilization? A: Gerard Sweeney indicated that the company is exploring various options, including full asset sales, joint ventures, or pooling assets to create value. The focus is on stabilizing projects first, with plans to reduce exposure in preferred structures this year and next. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
26-02-2025
- Business
- Yahoo
Brandywine Realty Trust to Present at the Citi 2025 Global Property CEO Conference
PHILADELPHIA, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that the Company will participate in a roundtable presentation at the Citi 2025 Global Property CEO Conference. The presentation will take place on Tuesday, March 4, 2025 at 7:30 a.m. Eastern Time and will last approximately 35 minutes. Brandywine's presentation can be accessed live via webcast at: The webcast replay will be available within 24 hours after the conclusion of the live event and will expire Friday, April 4, 2025. In addition, the webcast can be accessed via a link on the Investor Relations page of our website at Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 126 properties and 19.4 million square feet as of December 31, 2024. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit Company / Investor Contact:Tom WirthEVP & CFO610-832-7434 in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms First Quarter 2025 Earnings Release and Conference Call
PHILADELPHIA, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on April 17, 2025 to holders of record on April 3, 2025. The quarterly dividend is equivalent to an annual rate of $0.60 per will release our first quarter earnings after the market close on Tuesday, April 22, 2025, and will hold our first quarter conference call on Wednesday April 23, 2025 at 9:00 a.m. Eastern Time. To access the conference call by phone, please visit this link here, and you will be provided with dial in details. A live webcast of the conference call will also be available on the Investor Relations page of our website at Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 126 properties and 19.4 million square feet as of December 31, 2024. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit Company / Investor Contact: Tom WirthEVP & Heather CrowellGregory FCA215-316-6271heather@ Sign in to access your portfolio
