Last $14.66 USD
Change Today -0.11 / -0.74%
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

brandywine realty trust (BDN) Key Developments

The Peterson Companies and Brandywine Realty Trust Announce Woodland Park Mixed-Use Joint Venture

The Peterson Companies and Brandywine Realty Trust announced the formation of a 50/50 joint venture to develop a 300,000-square foot mixed-use town center development in Herndon, Virginia. Peterson will be the lead developer for the retail and entertainment components that will serve as an amenity base for Brandywine Realty Trust's existing 1.86 million square feet of office buildings and the surrounding community. Brandywine originally purchased the land in 2012. The joint venture will seek a rezoning of the property and anticipates commencement of the development in 2016. The development is envisioned as a mixed-use town center that, at completion, will feature residential units perched above high-quality retail and restaurants, entertainment uses which could include a multi-screen movie theater or other types of destination entertainment and high-end amenities including a lifestyle fitness center. Pedestrian friendly streets, outdoor seating and year-round events and programming will create a true sense of place. The Wood Oak site is a 10-acre parcel of land located in Woodland Park along Sunrise Valley Drive in Herndon, Virginia. Wood Oak Center will benefit from both the well-established office population along the Dulles Toll Road as well as the established neighborhoods in Herndon and Reston.

Brandywine Realty Trust Provides Earnings Guidance for the Fiscal 2014

Brandywine Realty Trust provided earnings guidance for the fiscal 2014. For the fiscal year, the company expects loss per diluted share allocated to common shareholders between $0.12 and $0.07 and FFO per diluted share between $1.29 and $1.34.

Brandywine Realty Trust Declares Quarterly Cash Dividend on Common Share and Series E Cumulative Redeemable Preferred Share, Payable on October 20, 2014 and October 15, 2014 Respectively

Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share, payable on October 20, 2014 to holders of record on October 6, 2014. The Board of Trustees also declared a quarterly dividend of $0.43125 for each 6.90% Series E Cumulative Redeemable Preferred Share, payable on October 15, 2014 to holders of record on September 30, 2014.

Brandywine Realty Seeks Acquisitions

Brandywine Realty Trust (NYSE:BDN) will seek acquisitions. Brandywine Realty increased previously announced underwritten public offering from 18, million to 19 million common shares and has priced it for expected gross proceeds of $296.4 million. Brandywine Operating Partnership LP intends to use net proceeds for working capital, capital expenditures and other general corporate purposes, which may include acquisitions, developments and repayment, repurchase and refinancing of debt.

Brandywine Seeks Acquisitions

Brandywine Realty Trust (NYSE:BDN) is looking for acquisition opportunities. The Operating Partnership intends to use the net proceeds for working capital, capital expenditures and other general corporate purposes, which may include acquisitions, developments and repayment, repurchase and refinancing of debt.

 

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