Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Third Quarter 2022 Earnings Release and Conference Call
September 13 2022 - 5:22PM
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 October 20, 2022 to holders of
record on October 6, 2022. The quarterly dividend is equivalent to
an annual rate of $0.76 per share.
Conference Call and Audio
Webcast
We will release our third quarter earnings after the market
close on Thursday, October 20, 2022, and will hold our third
quarter conference call on Friday, October 21, 2022 at 9:00 a.m.
Eastern. 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
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, Austin and Washington, D.C. markets. Organized as a
real estate investment trust (REIT), we own, develop, lease and
manage an urban, town center and transit-oriented portfolio
comprising 165 properties and 23.0 million square feet as of June
30, 2022 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
This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking
statements can generally be identified by our use of
forward-looking terminology such as “will,” “strategy,” “expects,”
“seeks,” “believes,” “potential,” or other similar words. Because
such statements involve known and unknown risks, uncertainties and
contingencies, actual results may differ materially from the
expectations, intentions, beliefs, plans or predictions of the
future expressed or implied by such forward-looking statements.
These forward-looking statements, including our 2022 guidance, are
based upon the current beliefs and expectations of our management
and are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
difficult to predict and not within our control. Such risks,
uncertainties and contingencies include, among others: risks
related to the impact of COVID-19 and other potential future
outbreaks of infectious diseases on our financial condition,
results of operations and cash flows and those of our tenants as
well as on the economy and real estate and financial markets;
reduced demand for office space and pricing pressures, including
from competitors, that could limit our ability to lease space or
set rents at expected levels or that could lead to declines in
rent; uncertainty and volatility in capital and credit markets,
including changes that reduce availability, and increase costs, of
capital; the effect of inflation and interest rate fluctuations,
including on the costs of our planned debt refinancing; the
potential loss or bankruptcy of tenants or the inability of tenants
to meet their rent and other lease obligations; risks of
acquisitions and dispositions, including unexpected liabilities and
integration costs; delays in completing, and cost overruns incurred
in connection with, our developments and redevelopments;
disagreements with joint venture partners; unanticipated operating
and capital costs; uninsured casualty losses and our ability to
obtain adequate insurance, including coverage for terrorist acts;
asset impairments; our dependence upon certain geographic markets;
changes in governmental regulations, tax laws and rates and similar
matters; unexpected costs of REIT qualification compliance; and
costs and disruptions as the result of a cybersecurity incident or
other technology disruption. 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 our 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. Our Board’s practice regarding declaration 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, 2021. 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 &
CFO610-832-7434tom.wirth@bdnreit.com
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