Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Second Quarter 2024 Earnings Release and Conference Call

Rhea-AI Summary

Brandywine Realty Trust (NYSE:BDN) announced 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. This dividend equates to an annual rate of $0.60 per share. The company also confirmed it will release its second quarter 2024 earnings after the market closes on July 23, 2024. A conference call to discuss these results will be held on July 24, 2024, at 9:00 a.m. Eastern Time, accessible via phone and webcast.

Brandywine Realty Trust is a leading REIT in the United States, operating primarily in Philadelphia and Austin, managing a portfolio of 156 properties and 22.3 million square feet as of March 31, 2024. The company focuses on urban, town center, and transit-oriented developments.

Positive

• Announcement of a $0.15 per share quarterly dividend, providing an annual yield of $0.60 per share.
• Confirmation of the second quarter 2024 earnings release date on July 23, 2024.
• Scheduled conference call on July 24, 2024, providing transparency and investor communication.
• Real estate portfolio of 156 properties and 22.3 million square feet, indicating substantial assets under management.

Negative

• No specific financial performance data or forward-looking guidance provided in the release.

PHILADELPHIA, May 23, 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 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.

Conference Call and Audio Webcast

We will release our second quarter earnings after the market close on Tuesday, July 23, 2024 and will hold our second quarter conference call on Wednesday, July 24, 2024 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 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 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 156 properties and 22.3 million square feet as of March 31, 2024, 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.

Company / Investor Contact:
Tom Wirth
EVP & CFO
610-832-7434
tom.wirth@bdnreit.com

FAQ

When is Brandywine Realty Trust's next dividend payment date?

The next dividend payment date is July 18, 2024, for holders of record on July 3, 2024.

What is the annual dividend rate for Brandywine Realty Trust?

The annual dividend rate for Brandywine Realty Trust is $0.60 per share.

When will Brandywine Realty Trust release its second quarter 2024 earnings?

Brandywine Realty Trust will release its second quarter 2024 earnings on July 23, 2024.

How can I access Brandywine Realty Trust's second quarter earnings conference call?

You can access the conference call on July 24, 2024, at 9:00 a.m. Eastern Time via phone or webcast through the Investor Relations page on Brandywine Realty Trust's website.

How many properties does Brandywine Realty Trust manage?

As of March 31, 2024, Brandywine Realty Trust manages 156 properties.