PHILADELPHIA, Sept. 13, 2022 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) introduced right now that its Board of Trustees has declared a quarterly money dividend of $0.19 per widespread share and OP Unit payable on October 20, 2022 to holders of file on October 6, 2022. The quarterly dividend is equal to an annual fee of $0.76 per share.
Conference Call and Audio Webcast
We will launch our third quarter earnings after the market shut on Thursday, October 20, 2022, and can maintain our third quarter convention name on Friday, October 21, 2022 at 9:00 a.m. Eastern. To entry the convention name by telephone, please go to this hyperlink right here, and you’ll be supplied with dial in particulars. A reside webcast of the convention name may even be out there on the Investor Relations web page of our web site at www.brandywinerealty.com.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is without doubt one of the largest, publicly traded, full-service, built-in actual property corporations within the United States with a core focus within the Philadelphia, Austin and Washington, D.C. markets. Organized as an actual property funding belief (REIT), we personal, develop, lease and handle an city, city heart and transit-oriented portfolio comprising 165 properties and 23.0 million sq. ft as of June 30, 2022 which excludes belongings held on the market. Our function is to form, join and encourage the world round us via our experience, the relationships we foster, the communities through which we reside and work, and the historical past we construct collectively. For extra data, please go to www.brandywinerealty.com.
Forward-Looking Statements
This press launch incorporates sure forward-looking statements throughout the that means 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 usually be recognized by our use of forward-looking terminology equivalent to “will,” “strategy,” “expects,” “seeks,” “believes,” “potential,” or different related phrases. Because such statements contain recognized and unknown dangers, uncertainties and contingencies, precise outcomes could differ materially from the expectations, intentions, beliefs, plans or predictions of the long run expressed or implied by such forward-looking statements. These forward-looking statements, together with our 2022 steerage, are based mostly upon the present beliefs and expectations of our administration and are inherently topic to important business, financial and aggressive uncertainties and contingencies, lots of that are troublesome to foretell and never inside our management. Such dangers, uncertainties and contingencies embody, amongst others: dangers associated to the affect of COVID-19 and different potential future outbreaks of infectious ailments on our monetary situation, outcomes of operations and money flows and people of our tenants in addition to on the economy and actual property and monetary markets; lowered demand for workplace house and pricing pressures, together with from opponents, that might restrict our potential to lease house or set rents at anticipated ranges or that might result in declines in lease; uncertainty and volatility in capital and credit score markets, together with adjustments that cut back availability, and improve prices, of capital; the impact of inflation and rate of interest fluctuations, together with on the prices of our deliberate debt refinancing; the potential loss or chapter of tenants or the shortcoming of tenants to fulfill their lease and different lease obligations; dangers of acquisitions and tendencies, together with sudden liabilities and integration prices; delays in finishing, and value overruns incurred in reference to, our developments and redevelopments; disagreements with three way partnership companions; unanticipated working and capital prices; uninsured casualty losses and our potential to acquire satisfactory insurance, together with protection for terrorist acts; asset impairments; our dependence upon sure geographic markets; adjustments in governmental rules, tax legal guidelines and charges and related issues; sudden prices of REIT qualification compliance; and prices and disruptions as the results of a cybersecurity incident or different expertise disruption. The declaration and cost of future dividends (each timing and quantity) is topic to the willpower of our Board of Trustees, in its sole discretion, after contemplating varied elements, together with our monetary situation, historic and forecast working outcomes, and out there money circulation, in addition to any relevant legal guidelines and contractual covenants and every other related elements. Our Board’s observe relating to declaration of dividends could also be modified at any time and once in a while. Additional data on elements which may affect us and the forward-looking statements contained herein are included in our filings with the Securities and Exchange Commission, together with our Form 10-Ok for the yr ended December 31, 2021. We assume no obligation to replace or complement forward-looking statements that change into unfaithful due to subsequent occasions besides as required by regulation.
Company / Investor Contact:
Tom Wirth
EVP & CFO
610-832-7434
[email protected]
