Announcement • Jul 24
Brandywine Realty Trust to Report Q3, 2026 Results on Oct 21, 2026 Brandywine Realty Trust announced that they will report Q3, 2026 results After-Market on Oct 21, 2026 Upcoming Dividend • Jul 01
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 08 July 2026. Payment date: 22 July 2026. Trailing yield: 10.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.4%). Declared Dividend • Jun 01
First quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 8th July 2026 Payment date: 22nd July 2026 Dividend yield will be 11%, which is higher than the industry average of 5.8%. Announcement • May 29
Brandywine Realty Trust Declares Quarterly Cash Dividend, Payable on July 22, 2026 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share and OP Unit payable on July 22, 2026 to holders of record on July 8, 2026. The quarterly dividend is equivalent to an annual rate of $0.32 per common share. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Trustee Joan Lau was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Brandywine Realty Trust Revises Earnings Guidance for the Year 2026 Brandywine Realty Trust revised earnings guidance for the year 2026. For the year, the company adjusted 2026 loss per share guidance from $0.66 - $0.58 per share to $0.76 – $0.70 per share. Announcement • Apr 23
Brandywine Realty Trust to Report Q2, 2026 Results on Jul 22, 2026 Brandywine Realty Trust announced that they will report Q2, 2026 results After-Market on Jul 22, 2026 Announcement • Apr 09
Brandywine Realty Trust, Annual General Meeting, May 28, 2026 Brandywine Realty Trust, Annual General Meeting, May 28, 2026. Announcement • Feb 19
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on April 16, 2026 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share and OP Unit payable on April 16, 2026 to holders of record on April 2, 2026. The quarterly dividend is equivalent to an annual rate of $0.32 per common share. Announcement • Dec 14
Brandywine Realty Trust Announces Retirement of George D. Johnstone as Executive Vice President - Operations, Effective by the End of the First Quarter of 2026 On December 11, 2025, George D. Johnstone, Executive Vice President - Operations, informed Brandywine Realty Trust that he will retire from his current role by the end of the first quarter of 2026. The Company expresses its appreciation to Mr. Johnstone for his contributions, leadership and twenty-seven years of dedicated service to the Company. It is expected that Mr. Johnstone and the Company will enter into an agreement whereby Mr. Johnstone will assist with various transition activities in 2026. Announcement • Dec 11
Brandywine Realty Trust Declares Quarterly Cash Dividend, Payable on January 22, 2026 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share and OP Unit payable on January 22, 2026 to holders of record on January 7, 2026. The quarterly dividend is equivalent to an annual rate of $0.32 per common share. Announcement • Oct 24
Brandywine Realty Trust (NYSE:BDN) acquired remaining 34% stake in 570,000 GSF Mixed-use Tower at 3025 JFK Blvd for $70.5 million. Brandywine Realty Trust (NYSE:BDN) acquired remaining 34% stake in 570,000 GSF Mixed-use Tower at 3025 JFK Blvd for $70.5 million on October 23, 2025.
Brandywine Realty Trust (NYSE:BDN) completed the acquisition of remaining 34% stake in 570,000 GSF Mixed-use Tower at 3025 JFK Blvd on October 23, 2025. Announcement • Sep 26
Brandywine Realty Trust Announces Quarterly Cash Dividend, Payable on October 23, 2025 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share and OP Unit payable on October 23, 2025 to holders of record on October 9, 2025. The quarterly dividend is equivalent to an annual rate of $0.32 per common share and represents a reduction from the previous quarter’s annual rate of $0.60 per common share. Announcement • May 22
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on July 17, 2025 Brandywine Realty Trust announced 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 share. Announcement • Apr 25
Brandywine Realty Trust Provides Earnings Guidance for the Year 2025 Brandywine Realty Trust provided earnings guidance for the year 2025. For the year, the company expects loss per diluted share allocated to common shareholders of $0.56 per share to $0.46 per share. Announcement • Apr 23
Brandywine Realty Trust to Report Q2, 2025 Results on Jul 23, 2025 Brandywine Realty Trust announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Announcement • Apr 07
Brandywine Realty Trust, Annual General Meeting, May 21, 2025 Brandywine Realty Trust, Annual General Meeting, May 21, 2025. Announcement • Feb 20
Brandywine Realty Trust Declares Quarterly Cash Dividend, Payable on April 17, 2025 Brandywine Realty Trust announced 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 share. Announcement • Feb 13
Brandywine Realty Trust Announces New Culinary Destination Is Taking Forming at Schuylkill Yards Brandywine Realty Trust announced a new culinary destination is taking shape at Schuylkill Yards. Gather Food Hall & Bar will bring together six local vendors and an elevated bar, offering a mix of global flavors in a lively, contemporary setting. Designed to serve office tenants, students, and University City locals, the food hall will create a welcoming space where people can connect over high-quality dining experiences. Located on the ground floor of the historic Bulletin Building, Gather Food Hall will honor the site's legacy as a hub for innovation, communication and ideas--transforming it into a modern gathering place that blends hospitality with innovation. Originally constructed in 1955, the Bulletin Building at 3025 Market Street was home to the Philadelphia Bulletin, a leading newspaper that informed and connected the city. The building symbolized progress and communication during an era when print media was the pinnacle of modern innovation. In 2021, the building was transformed into a life science hub, bridging its historic role as a center for ideas with its current mission to drive research and discovery. Gather Food Hall on the ground floor will reflect the newsroom's bustling energy, fostering collaboration and community in a lively setting where stories and ideas are exchanged. Gather Food Hall, totaling 13,000 square-feet, will feature a collection of artisan concepts, curated and operated by New York based - chef and restaurateur, Akhtar Nawab's Hospitality HQ (HHQ), known for their portfolio of chef-driven concepts. Hospitality HQ has partnered with Gather Food Hall (GFH) Management, a Philadelphia-based organization with a mission to uplift emerging culinary entrepreneurs as well as address theemic of food insecurity experienced by 1 in 4 college students. FNB+, a hospitality consulting, JEME Agency, and believe In Students, a non-profit dedicated to ensuring aspiring college students have their basic needs met. Brandywine Realty Trust has been at the forefront of crafting Schuylkill Yards into a leading hub for innovation, solidifying University City as a key driver of economic and technological progress in Philadelphia. Just as the Philadelphia Bulletin once connected the city through conversation, the revitalized Bulletin Building continues to inspire progress through the added flavor of exceptional dining. With support from Brandywine Realty Trust, Gather Food Hall will empower the community and provide programs for vendors and students. Initiatives led by Hospitality HQ, a minority owned and operated business, alongside its Gather partners, seek to minimize barriers of entry for vendor partners. The team offers additional mentorship programs intended to help guide vendors to manage successful businesses. The mentorship program will enable small business owners to test their concept, cultivate professional practices, and gain insight from some of the best chefs in the region. Gather Food Hall's social mission has been supported by seed funding from Cerity Partners and also includes an innovative approach to addressing the growing issue of food insecurity among college students, which is more prevalent among college students than the general population. Announcement • Dec 11
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on January 23, 2025 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on January 23, 2025 to holders of record on January 8, 2025. The quarterly dividend is equivalent to an annual rate of $0.60 per share. Reported Earnings • Oct 23
Third quarter 2024 earnings released: US$0.96 loss per share (vs US$0.13 loss in 3Q 2023) Third quarter 2024 results: US$0.96 loss per share (further deteriorated from US$0.13 loss in 3Q 2023). Revenue: US$131.8m (up 11% from 3Q 2023). Net loss: US$165.5m (loss widened US$143.8m from 3Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Declared Dividend • Sep 30
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 9th October 2024 Payment date: 24th October 2024 Dividend yield will be 12%, which is higher than the industry average of 5.8%. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$0.17 (vs US$0.075 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.17 (up from US$0.075 loss in 2Q 2023). Revenue: US$125.3m (up 5.9% from 2Q 2023). Net income: US$30.2m (up US$43.1m from 2Q 2023). Profit margin: 24% (up from net loss in 2Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Jul 24
Brandywine Realty Trust to Report Q3, 2024 Results on Oct 22, 2024 Brandywine Realty Trust announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 22, 2024 Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Trustee Joan Lau was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 27
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 3rd July 2024 Payment date: 18th July 2024 Dividend yield will be 13%, which is higher than the industry average of 5.8%. Announcement • May 24
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on July 18, 2024 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on July 18, 2024 to holders of record on July 3, 2024. The quarterly dividend is equivalent to an annual rate of $0.60 per share. Reported Earnings • Apr 25
First quarter 2024 earnings released: FFO per share: US$0.2 (vs US$0.30 in 1Q 2023) First quarter 2024 results: FFO per share: US$0.2 (down from US$0.30 in 1Q 2023). Revenue: US$112.7m (down 8.5% from 1Q 2023). Funds from operations (FFO): US$41.2m (down 19% from 1Q 2023). FFO margin: 37% (down from 41% in 1Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Apr 19
Brandywine Realty Trust to Report Q2, 2024 Results on Jul 23, 2024 Brandywine Realty Trust announced that they will report Q2, 2024 results After-Market on Jul 23, 2024 Reported Earnings • Apr 18
First quarter 2024 earnings released: US$0.097 loss per share (vs US$0.031 loss in 1Q 2023) First quarter 2024 results: US$0.097 loss per share (further deteriorated from US$0.031 loss in 1Q 2023). Revenue: US$126.5m (up 3.6% from 1Q 2023). Net loss: US$16.7m (loss widened 213% from 1Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • Apr 18
Brandywine Realty Trust Revises Earnings Guidance for the Year 2024 Brandywine Realty Trust revised earnings guidance for the year 2024. The company is adjusting its 2024 loss per share guidance from $0.36 - $0.26 to $0.36 - $0.29 per share. New Risk • Apr 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Apr 05
Brandywine Realty Trust, Annual General Meeting, May 23, 2024 Brandywine Realty Trust, Annual General Meeting, May 23, 2024, at 10:00 US Eastern Standard Time. Agenda: To consider and vote upon the election of seven persons to the Board of Trustees of the Company, each to serve for a term expiring at the 2025 annual meeting of shareholders and until his or her successor is duly elected and qualified; to consider and vote upon the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for calendar year 2024; to consider and vote upon the approval of a non-binding, advisory resolution on executive compensation; and to transact such other business as may properly come before the meeting and at any postponement or adjournment of the meeting. Upcoming Dividend • Mar 27
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 03 April 2024. Payment date: 18 April 2024. Trailing yield: 13%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.6%). Reported Earnings • Feb 26
Full year 2023 earnings released: FFO per share: US$1.2 (vs US$1.39 in FY 2022) Full year 2023 results: FFO per share: US$1.2 (down from US$1.39 in FY 2022). Revenue: US$437.8m (down 9.1% from FY 2022). Funds from operations (FFO): US$198.3m (down 17% from FY 2022). FFO margin: 45% (down from 50% in FY 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Declared Dividend • Feb 19
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 3rd April 2024 Payment date: 18th April 2024 Dividend yield will be 15%, which is higher than the industry average of 5.8%. Announcement • Feb 15
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on April 18, 2024 Brandywine Realty Trust announced 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. Reported Earnings • Feb 02
Full year 2023 earnings released: US$1.15 loss per share (vs US$0.31 profit in FY 2022) Full year 2023 results: US$1.15 loss per share (down from US$0.31 profit in FY 2022). Revenue: US$514.7m (up 6.2% from FY 2022). Net loss: US$197.4m (down 470% from profit in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Announcement • Feb 01
Brandywine Realty Trust to Report Q1, 2024 Results on Apr 17, 2024 Brandywine Realty Trust announced that they will report Q1, 2024 results After-Market on Apr 17, 2024 Upcoming Dividend • Dec 27
Upcoming dividend of US$0.15 per share at 11% yield Eligible shareholders must have bought the stock before 03 January 2024. Payment date: 18 January 2024. Trailing yield: 11%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.4%). Announcement • Dec 06
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on January 18, 2024 Brandywine Realty Trust announced 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. Announcement • Nov 09
An unknown buyer acquired 17,884-square-foot 200 N. Radnor Chester Rd. from Brandywine Realty Trust (NYSE:BDN) for $14.2 million. An unknown buyer acquired 17,884-square-foot 200 N. Radnor Chester Rd. from Brandywine Realty Trust (NYSE:BDN) for $14.2 million on November 7, 2023. Jim Galbally, Chris Munley, Colin Behr and James Graf of JLL Retail Capital Markets represented Brandywine Realty Trust.
An unknown buyer completed the acquisition of 17,884-square-foot 200 N. Radnor Chester Rd. from Brandywine Realty Trust (NYSE:BDN) on November 7, 2023. New Risk • Nov 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Oct 25
Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.078 profit in 3Q 2022) Third quarter 2023 results: US$0.12 loss per share (down from US$0.078 profit in 3Q 2022). Revenue: US$129.4m (up 8.3% from 3Q 2022). Net loss: US$21.4m (down 260% from profit in 3Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 26
Upcoming dividend of US$0.15 per share at 14% yield Eligible shareholders must have bought the stock before 03 October 2023. Payment date: 18 October 2023. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (6.0%). Announcement • Sep 22
Brandywine Realty Trust Declares Quarterly Cash Dividend on Common Share, Payable on October 18, 2023 Brandywine Realty Trust announced 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. Reported Earnings • Jul 26
Second quarter 2023 earnings released: US$0.075 loss per share (vs US$0.026 profit in 2Q 2022) Second quarter 2023 results: US$0.075 loss per share (down from US$0.026 profit in 2Q 2022). Revenue: US$125.9m (up 3.5% from 2Q 2022). Net loss: US$12.9m (down 384% from profit in 2Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 28
Upcoming dividend of US$0.19 per share at 16% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 20 July 2023. Trailing yield: 16%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.9%). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.20, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 21x in the Office REITs industry in Europe. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.35 per share. Announcement • May 26
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on July 20, 2023 Brandywine Realty Trust announced 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. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.62, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 21x in the Office REITs industry in Europe. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.12 per share. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.38, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 27x in the Office REITs industry in Europe. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.33 per share. Reported Earnings • Apr 21
First quarter 2023 earnings released: FFO per share: US$0.3 (vs US$0.35 in 1Q 2022) First quarter 2023 results: FFO per share: US$0.3 (down from US$0.35 in 1Q 2022). Revenue: US$123.1m (up 2.1% from 1Q 2022). Funds from operations (FFO): US$50.8m (down 16% from 1Q 2022). FFO margin: 41% (down from 50% in 1Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 02
Upcoming dividend of US$0.19 per share at 16% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.4%). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €4.18, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.11 per share. Announcement • Feb 17
Brandywine Realty Trust Declares Quarterly Dividend, Payable on April 19, 2023 Brandywine Realty Trust declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on April 19, 2023 to holders of record on April 5, 2023. The quarterly dividend is equivalent to an annual rate of $0.76 per share. Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: US$0.31 (vs US$0.069 in FY 2021) Full year 2022 results: EPS: US$0.31 (up from US$0.069 in FY 2021). Revenue: US$506.1m (up 11% from FY 2021). Net income: US$53.4m (up 350% from FY 2021). Profit margin: 11% (up from 2.6% in FY 2021). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.55, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.92 per share. Upcoming Dividend • Dec 28
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 04 January 2023. Payment date: 19 January 2023. Trailing yield: 12%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.6%). Announcement • Dec 11
Brandywine Realty Trust Appoints Joan Lau as A Trustee of its Board, Effective February 1, 2023 December 6, 2022, the Board of Trustees of Brandywine Realty Trust, upon the recommendation of the Corporate Governance Committee, appointed Joan Lau, PhD as a Trustee of its Board, effective February 1, 2023, to serve until its 2023 annual meeting of shareholders and until her successor is elected and qualified. Concurrent with her appointment to the Board, Ms. Lau was appointed to the Audit Committee of its Board. Ms. Lau brings to the Board more than 20 years of executive leadership experience, including as chief executive officer, chief operating officer and director. In 2016, Ms. Lau co-foundedTalee Bio, a company that developed gene therapies for cystic fibrosis and later became Spirovant Sciences Inc., a company focused on the discovery and development of gene therapies for genetic respiratory diseases, and Ms. Lau became, and continues as, its Chief Executive Officer and a director. In 2013, Ms. Lau co-foundedMilitia Hill Ventures, where she is currently a Partner. Ms. Lau is also a director of Renovacor, the Philadelphia Orchestra and Kimmel Center and RiboNova Inc., in addition to serving on the Finance Committee of the Philadelphia Cricket Club, serving as an Advisor of Recharge & Recover PHL, PHL Chamber of Commerce and serving as a Board Advisor of the University of Pennsylvania School of Social Policy and Practice. Announcement • Dec 07
Brandywine Realty Trust Announces Common Quarterly Dividend, Payable on January 19, 2023 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on January 19, 2023 to holders of record on January 5, 2023. The quarterly dividend is equivalent to an annual rate of $0.76 per share. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Trustee Reginald DesRoches was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 22
Brandywine Realty Trust to Report Q4, 2022 Results on Feb 01, 2023 Brandywine Realty Trust announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 01, 2023 Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$0.078 (vs US$0.005 in 3Q 2021) Third quarter 2022 results: EPS: US$0.078 (up from US$0.005 in 3Q 2021). Revenue: US$125.6m (up 10% from 3Q 2021). Net income: US$13.4m (up US$12.6m from 3Q 2021). Profit margin: 11% (up from 0.8% in 3Q 2021). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Oct 21
Brandywine Realty Trust Provides Earnings Guidance for the Year 2022 Brandywine Realty Trust provided earnings guidance for the year 2022. For the year, the company expects earnings per share of $0.13 to $0.17 per diluted share. Upcoming Dividend • Sep 28
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 05 October 2022. Payment date: 20 October 2022. Trailing yield: 11%. Within top quartile of German dividend payers (5.4%). Higher than average of industry peers (6.1%). Announcement • Sep 14
Brandywine Realty Trust Declares Quarterly Cash Dividend, Payable on October 20, 2022 Brandywine Realty Trust announced 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. Announcement • Jul 27
Brandywine Realty Trust Provides Earnings Guidance for the Year 2022 Brandywine Realty Trust provided earnings guidance for the year 2022. For the year, the company Earnings per diluted share allocated to common shareholders of $0.13 to $0.17. Reported Earnings • Jul 26
Second quarter 2022 earnings released: EPS: US$0.026 (vs US$0.002 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.026 (up from US$0.002 loss in 2Q 2021). Revenue: US$124.0m (up 11% from 2Q 2021). Net income: US$4.54m (up US$4.80m from 2Q 2021). Profit margin: 3.7% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 8.9%, compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Announcement • Jul 26
Brandywine Realty Trust to Report Q3, 2022 Results on Oct 20, 2022 Brandywine Realty Trust announced that they will report Q3, 2022 results After-Market on Oct 20, 2022 Upcoming Dividend • Jun 28
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 20 July 2022. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.7%). Announcement • May 19
Brandywine Realty Trust Declares Quarterly Cash Dividend, Payable on July 20, 2022 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on July 20, 2022 to holders of record on July 6, 2022. The quarterly dividend is equivalent to an annual rate of $0.76 per share. Reported Earnings • Apr 29
First quarter 2022 earnings released: FFO: US$0 per share (vs US$0.35 in 1Q 2021) First quarter 2022 results: FFO: US$0 per share (vs US$0.35 in 1Q 2021). Funds from operations (FFO): US$60.3m (flat on 1Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Trustee Reginald DesRoches was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Brandywine Realty Trust, Annual General Meeting, May 18, 2022 Brandywine Realty Trust, Annual General Meeting, May 18, 2022, at 10:00 US Eastern Standard Time. Location: The Logan Hotel, One Logan Square Philadelphia Pennsylvania United States Agenda: To consider and vote upon the election of seven persons to the Board of Trustees of the Company, each to serve for a term expiring at the 2023 annual meeting of shareholders and until his or her successor is duly elected and qualified; to consider and vote upon the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for calendar year 2022; to consider and vote upon the approval of a non-binding, advisory resolution on executive compensation; and to transact such other business as may properly come before the meeting and at any postponement or adjournment of the meeting. Upcoming Dividend • Mar 29
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 05 April 2022. Payment date: 20 April 2022. Trailing yield: 5.4%. Within top quartile of German dividend payers (3.8%). Higher than average of industry peers (3.7%). Announcement • Feb 24
Brandywine Realty Trust Declares Quarterly Cash Dividend, Payable on April 20, 2022 Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on April 20, 2022 to holders of record on April 6, 2022. The quarterly dividend is equivalent to an annual rate of $0.76 per share. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.069 (down from US$1.78 in FY 2020). Revenue: US$486.8m (down 5.7% from FY 2020). Net income: US$11.9m (down 96% from FY 2020). Profit margin: 2.4% (down from 59% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.0%, compared to a 5.3% growth forecast for the reits industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Brandywine Realty Trust Provides Earnings Guidance for the Year 2022 Brandywine Realty Trust provided earnings guidance for the year 2022. For the year 2022, the company expects earnings per share of $0.17 to $0.25 per diluted share.