Last $15.48 USD
Change Today +0.20 / 1.31%
Volume 978.1K
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

brandywine realty trust (BDN) Snapshot

Open
$15.32
Previous Close
$15.28
Day High
$15.51
Day Low
$15.24
52 Week High
07/28/14 - $16.33
52 Week Low
12/12/13 - $13.02
Market Cap
2.8B
Average Volume 10 Days
1.8M
EPS TTM
$0.15
Shares Outstanding
179.0M
EX-Date
10/2/14
P/E TM
105.7x
Dividend
$0.60
Dividend Yield
3.88%
Current Stock Chart for BRANDYWINE REALTY TRUST (BDN)

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brandywine realty trust (BDN) Details

Brandywine Realty Trust is a publically owned real estate investment trust. The firm invests in real estate markets of the United States. It makes investments in office, mixed-use, and industrial properties. Brandywine Realty Trust was founded in 1985 and is based in Radnor, Pennsylvania with additional offices in Mount Laurel, New Jersey; Richmond, Virginia; Dallas, Texas; Falls Church, Virginia; Oakland, California; Austin, Texas, and Carlsbad, California.

406 Employees
Last Reported Date: 02/25/14
Founded in 1985

brandywine realty trust (BDN) Top Compensated Officers

Chief Executive Officer, President, Trustee, ...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $320.3K
Executive Vice President of Operations
Total Annual Compensation: $305.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Executive Vice President and Senior Managing ...
Total Annual Compensation: $346.3K
Compensation as of Fiscal Year 2013.

brandywine realty trust (BDN) Key Developments

Brandywine Realty Trust and LCOR Announce Joint Venture Development Plans for 1919 Market Street, Philadelphia, Pennsylvania

Brandywine Realty Trust announced that it has formed a 50/50 joint venture partnership with LCOR/CalSTRS for a mixed-use development located at 1919 Market Street in Philadelphia, Pennsylvania. The joint venture is planning a 29-story, 455,000 square foot contemporary glass tower in a mixed-use development consisting of residential, retail and parking components. The project will be comprised of 321 luxury apartments with full concierge service and rooftop amenities that include fitness center, club room with demonstration kitchen, outdoor roof garden with fire pit and ledge pool, and fully-equipped game room including golf simulator. The commercial space will consist of 24,000 square feet and is 90% pre-leased to Independence Blue Cross and CVS. A 215-car structured parking facility will support the development and also offer parking to the public. As part of its land monetization program, Brandywine has contributed the land parcel at 1919 Market Street and will manage the retail and parking components of the project. LCOR, a fully-integrated real estate company specializing in development, investment and management across the Eastern United States, will oversee construction of the project and will be responsible for the marketing, leasing, and management of the apartments.

Brandywine Realty Trust Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014 and 2015

Brandywine Realty Trust reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenue was $146.56 million against $143.35 million a year ago. Operating income was $30.81 million against $27.918 million a year ago. Income from continuing operations was $8.89 million against $11.15 million a year ago. Net income attributable to common shareholders was $6.97 million or $0.04 per basic and diluted share against $9.17 million or $0.06 per basic and diluted share a year ago. Funds from operations available to common share and unit holders were $62.72 million or $0.36 per diluted share against $63.04 million or $0.39 per diluted share a year ago. The company incurred $13.8 million of revenue-creating capital expenditures. For the nine months, total revenue was $449.17 million against $423.55 million a year ago. Operating income was $94.40 million against $87.76 million a year ago. Income from continuing operations was $7.89 million against $18.21 million a year ago. Net income attributable to common shareholders was $3.31 million or $0.02 per basic and diluted share against $16.54 million or $0.11 per basic and diluted share a year ago. Funds from operations available to common share and unit holders were $173.60 million or $1.05 per diluted share against $163.56 million or $1.06 per diluted share a year ago. The company provided earnings guidance for the full year 2014 and 2015. The 2014 guidance did not assume any of the capital market transactions highlighted above. Based on these capital markets transactions, on September 16, 2014, the company revised its FFO Guidance to a range of $1.29 to $1.34 per diluted share versus the prior range of $1.43 to $1.48 per diluted share. Based on current plans and assumptions and subject to the risks and uncertainties more fully described in its Securities and Exchange Commission filings, it is adjusting its 2014 guidance of $1.29 to $1.34 FFO per diluted share to $1.32 to $1.34 per diluted share. This guidance is provided for informational purposes and is subject to change. Loss per diluted share allocated to common shareholders in the range of $0.04 to $0.02, real estate depreciation, amortization and impairment of $1.36 to $1.36. Its 2014 earnings and FFO per diluted share each reflect $0.075 per diluted share of non-cash income attributable to the fourth of five annual recognitions of 20% of the net benefit of the rehabilitation tax credit financing on the 30th Street Post Office. Other key assumptions include: Occupancy improving to 91.3% by year-end 2014 with 93 -- 94% leased; 6.0 -- 8.0% GAAP increase in overall lease rates with a resulting 3.0 -- 5.0% increase in 2014 same store GAAP NOI; 4.0 -- 6.0% increase in 2014 same store cash NOI; FFO per diluted share based on 169.6 million fully diluted weighted average common shares. The he 2015 earnings and FFO per diluted share each reflect $0.11 per diluted share of non-cash income attributable to the fifth of five annual recognitions of 20% of the net benefit of the rehabilitation tax credit financing and one-time non-cash income from a new market tax credit, which are related to the 30th Street Post Office and Cira South Garage respectively. Occupancy is improving to a range of 92% -- 93% by year-end 2015 with 93.5% -- 94.5% leased; 6.0 -- 8.0% GAAP increase in overall lease rates with a resulting 3.0 -- 5.0% increase in 2015 same store NOI GAAP; 2.0 -- 4.0% increase in 2015 same store cash NOI growth; FFO per diluted share based on 182.8 million fully diluted weighted average common shares.

Campbell Appoints Brandywine Realty Trust as Developer of Gateway District Development

Campbell Soup Company has designated Brandywine Realty Trust as the developer of the mixed use development for Camden's Gateway District. This designation follows the approval of the Camden Redevelopment Agency at a meeting. The thirteen acres earmarked for development are located off Newton Avenue between Admiral Wilson Boulevard and 11(th) Street. Under the terms of the agreement, Brandywine will acquire the properties from Campbell as they develop the office park for prospective users.

 

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Valuation BDN Industry Range
Price/Earnings 100.0x
Price/Sales 4.5x
Price/Book 1.3x
Price/Cash Flow 11.4x
TEV/Sales NM Not Meaningful
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