brandywine realty trust (BDN) Snapshot

Brandywine Realty Trust announced that board of trustees has declared a quarterly cash dividend of $0.15 per common share, payable on July 19, 2013 to holders of record on July 5, 2013. The board of trustees also declared a quarterly dividend of $0.43125 for each 6.90% Series E Cumulative Redeemable Preferred Share, payable on July 15, 2013 to holders of record on June 30, 2013.

Brandywine Realty Trust announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $140,608,000 against $134,539,000 for the same period a year ago. Operating income was $28,700,000 against $27,499,000 for the same period a year ago. Loss from continuing operations was $2,003,000 against $7,859,000 for the same period a year ago. Net income was $3,919,000 against $9,336,000 for the same period a year ago. Net income attributable to common shareholders was $2,058,000 against $7,108,000 for the same period a year ago. Diluted income per common share was $0.01 against $0.05 for the same period a year ago. Funds from operations were $51,987,000 against $47,407,000 for the same period a year ago. FFO per diluted share were $0.35 against $0.32 for the same period a year ago. Funds from operations available to common share and unit holders were $51,728,000 against $47,089,000 for the same period a year ago. In the first quarter of 2013, the company incurred $13.3 million of revenue maintaining capital expenditures. The company revised earnings guidance for the fiscal year 2013. The company announced that based on current plans and assumptions and subject to the risks and uncertainties more fully described in Securities and Exchange Commission filings, the company is revised previously issued guidance for full year 2013 FFO per diluted share to be in a range of $1.35 to $1.42 versus the prior range of $1.41 to $1.48. Earnings per diluted share allocated to common shareholders expected to be in the range of $0.01 to $0.08. The company’s capital plan is very clean with total 2013 remaining uses of $243 million, the company is programming a total of $156 million of investment activity incorporating $50 million of revenue maintaining CapEx at the midpoint of its range, $66 million of remaining revenue creating CapEx and this category includes lease up of previously vacant space and new project lease up such as completing the 3 Logan Square project plus $40 million for a variety of other capital projects such as completing the West Germantown project and of course the Campus Crest and Harrison Street joint venture investments. The company is now showing interest expense dropping in 2013 due to various capital market activities as outlined. And it should remain in the range of $122 million to $125 million for the full year.

Brandywine Realty Trust, Annual General Meeting, May 30, 2013., at 10:00 Eastern Daylight. Location: The Four Seasons Hotel, One Logan Square. Agenda: TO consider election of Directors; to ratify of the audit committee's appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for calendar year 2013; and to provide an advisory, non-binding vote on executive compensation.