reports
Moody's Ratings downgrades Brandywine's ratings to Ba2, changes outloo...
Moody's Ratings (Moody's) has downgraded Brandywine Operating Partnership, L.P.'s ("Brandywine" or "the REIT") corporate family rating and backed senior unsecured ratings to Ba2 from Ba1 because the cost of recent debt refinancings has weakened its fixed charge coverage and the difficult operating e...
Brandywine Realty Trust to Redeem All Outstanding 4.10% Guaranteed Not...
Brandywine Realty Trust to Redeem All Outstanding 4.10% Guaranteed Notes due 2024 PHILADELPHIA, April 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), intends to redeem all of the outstanding 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”) issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes. The expected redemption date will be June 7, 2024 (the “Redemption Date”). Th...
Brandywine Realty Trust Announces Expiration of Tender Offer for Any a...
Brandywine Realty Trust Announces Expiration of Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 With Approximately $221.6 Million Having Been Tendered PHILADELPHIA, April 22, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today the expiration of the previously announced cash tender offer (the “Tender Offer”) by its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), for any and all of its outstanding 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”). The Tender Offer expire...
Brandywine Realty Trust Announces Pricing Terms of Tender Offer for An...
Brandywine Realty Trust Announces Pricing Terms of Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 PHILADELPHIA, April 19, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has announced the pricing terms of the previously announced cash tender offer (the “Tender Offer”) for any and all of the $335,100,000 outstanding aggregate principal amount of its 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”). The Ten...
Brandywine Realty Trust Announces First Quarter 2024 Results And Narro...
Brandywine Realty Trust Announces First Quarter 2024 Results And Narrows 2024 Guidance PHILADELPHIA, April 17, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2024. Management Comments “During the first quarter, we made excellent progress on our 2024 business plan highlighted by achieving 98% of our speculative revenue target based on the midpoint of our guidance,” stated Jerry Sweeney, President and Chief Executive Officer of Brandywine Realty Trust. “We continue to experience positive m...
Brandywine Realty Trust Announces Tender Offer for Any and All of its ...
Brandywine Realty Trust Announces Tender Offer for Any and All of its Outstanding 4.10% Guaranteed Notes due 2024 PHILADELPHIA, April 15, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has commenced a cash tender offer (the “Tender Offer”) for any and all of the $335,100,000 outstanding principal amount of its 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”). Certain information regarding the Notes and the pricing for the Tender Offe...
Brandywine Realty Trust Announces Closing of $400 Million Offering of ...
Brandywine Realty Trust Announces Closing of $400 Million Offering of 8.875% Guaranteed Notes Due 2029 PHILADELPHIA, April 12, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has closed its previously announced underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”). The Operating Partnership intends to use the net proceeds of the offering to repurchase or redeem the $335.1 million outstanding princip...
Brandywine Realty Trust Prices $400 Million of 8.875% Guaranteed Notes...
Brandywine Realty Trust Prices $400 Million of 8.875% Guaranteed Notes Due 2029 PHILADELPHIA, April 04, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”). Interest on the Notes will be payable semi-annually on April 12 and October 12 of each year, commencing October 12, 2024. The Notes are being offered to investors at a price of 99.5...
Brandywine Realty Trust to Present at the Citi 2024 Global Property CE...
Brandywine Realty Trust to Present at the Citi 2024 Global Property CEO Conference PHILADELPHIA, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that the Company will participate in a roundtable presentation at the Citi 2024 Global Property CEO Conference. The presentation will take place on Monday, March 4, 2024 at 10:15 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 F...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confi...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms First Quarter 2024 Earnings Release and Conference Call PHILADELPHIA, Feb. 14, 2024 (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 18, 2024 to holders of record on April 4, 2024. The quarterly dividend is equivalent to an annual rate of $0.60 per share. Conference Call and Audio Webcast We will release our first quarter earnings after the market close on Wednesday, April ...
Brandywine Realty Trust Announces Fourth Quarter, Full Year 2023 Resul...
Brandywine Realty Trust Announces Fourth Quarter, Full Year 2023 Results and Initiates 2024 Guidance PHILADELPHIA, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and twelve-month periods ended December 31, 2023. Management Comments “We accomplished or exceeded many of our 2023 business plan objectives including our same store results and rental rate mark-to-markets,” stated Jerry Sweeney, President and Chief Executive Officer of Brandywine Realty Trust. “In addition to our operating metrics, we were ...
Brandywine Realty Trust Announces Tax Characteristics of Its 2023 Dist...
Brandywine Realty Trust Announces Tax Characteristics of Its 2023 Distributions PHILADELPHIA, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE: BDN) announced today the tax characteristics of its 2023 distributions. The tax reporting will be done on Form 1099-DIV and shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of dividends. The characteristics of the Company’s distributions are as follows: Common Shares of Beneficial Interest (CUSIP 105368203) 2023 Dividend DatesRecord 1/5 Payment 1/19Record 4/5 Payment 4/19Recor...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confi...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Fourth Quarter 2023 Earnings Release and Conference Call PHILADELPHIA, Dec. 05, 2023 (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 January 18, 2024 to holders of record on January 4, 2024. The quarterly dividend is equivalent to an annual rate of $0.60 per share. Conference Call and Audio Webcast We will release our fourth quarter earnings after the market close on Wednesd...
Brandywine Realty Trust Announces Third Quarter 2023 Results And Narro...
Brandywine Realty Trust Announces Third Quarter 2023 Results And Narrows 2023 Guidance PHILADELPHIA, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and nine-month periods ended September 30, 2023. Management Comments “During the third quarter, we made strong progress on our 2023 business plan,” stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust. “We continued to experience positive mark-to-market rent increases on an accrual and cash basis while controlling...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confi...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Third Quarter 2023 Earnings Release and Conference Call PHILADELPHIA, Sept. 20, 2023 (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 October 18, 2023 to holders of record on October 4, 2023. The quarterly dividend is equivalent to an annual rate of $0.60 per share. “Our 2023 business plan remains on target with a continuation of strong leasing and operating metrics,” stated Ger...
Moody's downgrades Brandywine Operating Partnership, L.P.'s senior uns...
Moody's Investors Service ("Moody's") downgraded Brandywine Operating Partnership, L.P.'s ("Brandywine" or "the REIT") senior unsecured notes ratings to Ba1 from Baa3 due to the expectation that its net debt to EBITDA and fixed charge coverage ratios will remain weak. In the same rating action, Mood...
Brandywine Realty Trust Announces Second Quarter Results
Brandywine Realty Trust Announces Second Quarter Results Narrows 2023 Guidance PHILADELPHIA, July 25, 2023 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and six-month periods ended June 30, 2023. Management Comments “We continue to make excellent progress on our 2023 business plan highlighted by achieving 89% of our speculative revenue target based on the midpoint of our guidance.” stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust. “Tenants continue to prefer...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confi...
Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Second Quarter 2023 Earnings Release and Conference Call PHILADELPHIA, May 25, 2023 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on July 20, 2023 to holders of record on July 6, 2023. The quarterly dividend is equivalent to an annual rate of $0.76 per share. Conference Call and Audio Webcast We will release our second quarter earnings after the market close on Tuesday July 25, 2...
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