Brandywine Realty Trust Announces Common Quarterly Dividend and Confirms Second Quarter 2019 Earnings Release and Conference...
May 22 2019 - 2:30PM
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 19, 2019 to holders of
record on July 5, 2019. 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 Monday, July 22, 2019, and will hold our
second quarter conference call on Tuesday, July 23, 2019 at 9:00
a.m. Eastern. The conference call can be accessed by dialing
1-833-818-6810 and providing conference ID: 3267107.
Beginning two hours after the conference call, a taped replay of
the call can be accessed through Tuesday, August 6, 2019, by
calling 1-855-859-2056 and entering access code 3267107. The
conference call can also be accessed via a webcast on our website
at www.brandywinerealty.com.
About Brandywine Realty
Trust
Brandywine 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, Washington, D.C., 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 180 properties and 24.9 million square feet as of March
31, 2019, which excludes assets held for sale. 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 www.brandywinerealty.com.
Forward-Looking Statements
Estimates of future earnings per share, FFO per
share, common share dividend distributions and certain other
statements in this release constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, performance, achievements or transactions to be
materially different from any future results, performance,
achievements or transactions expressed or implied by such
forward-looking statements. Such risks, uncertainties and
other factors relate to, among others: our ability to lease vacant
space and to renew or relet space under expiring leases at expected
levels; competition with other real estate companies for tenants;
the potential loss or bankruptcy of major tenants; interest rate
levels; the availability of debt, equity or other financing; risks
of acquisitions, dispositions and developments, including the cost
of construction delays and cost overruns; unanticipated operating
and capital costs; our ability to obtain adequate insurance,
including coverage for terrorist acts; dependence upon certain
geographic markets; and general and local economic and real estate
conditions, including the extent and duration of adverse changes
that affect the industries in which our tenants operate. The
declaration and payment of future dividends (both timing and
amount) is subject to the determination of our Board of Trustees,
in its sole discretion, after considering various factors,
including the Company's financial condition, historical and
forecast operating results, and available cash flow, as well as any
applicable laws and contractual covenants and any other relevant
factors. The Company's practice regarding payment of
dividends may be modified at any time and from time to time.
Additional information on factors which could impact us and the
forward-looking statements contained herein are included in our
filings with the Securities and Exchange Commission, including our
Form 10-K for the year ended December 31, 2018. We assume no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events except as required by
law.
Company / Investor Contact:Tom WirthEVP &
CFO610-832-7434 tom.wirth@bdnreit.com
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