Last $14.66 USD
Change Today -0.11 / -0.74%
Volume 2.4M
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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).
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Company Description

Contact Info

555 East Lancaster Avenue

Suite 100

Radnor, PA 19087

United States

Phone: 610-325-5600

Fax: 610-325-5622

Brandywine Realty Trust operates as a self-administered and self-managed real estate investment trust (REIT). The company provides leasing, property management, development, redevelopment, acquisition, and other tenant-related services for a portfolio of office, mixed-use and industrial properties. The company conducts its operations through Brandywine Operating Partnership, L.P. As of December 31, 2012, the company owned 221 properties, consisting of 193 office properties, 19 industrial facilities, 5 mixed-use properties, 2 redevelopment properties, and 2 re-entitlement properties containing an aggregate of approximately 25.1 million net rentable square feet. In addition, as it owned economic interests in 19 unconsolidated real estate ventures that contain approximately 7.0 million net rentable square feet. As of December 31, 2012, the company also owned 434 acres of undeveloped land, and held options to purchase approximately 52 additional acres of undeveloped land. In addition to managing properties that the company owns, as of December 31, 2012, the company was managing approximately 7.4 million net rentable square feet of office and industrial properties for third parties and the real estate ventures. Geographic Segments As of December 31, 2012, the company was managing its portfolio within seven segments: Pennsylvania Suburbs; Philadelphia Central Business District (CBD); Metropolitan Washington D.C.; New Jersey/Delaware; Richmond, Virginia; Austin, Texas; and California. The Pennsylvania Suburbs segment includes properties in Chester, Delaware, and Montgomery counties in the Philadelphia suburbs. The Philadelphia CBD segment includes properties located in the city of Philadelphia in Pennsylvania. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia and suburban Maryland. The New Jersey/Delaware segment includes properties in Burlington, Camden, and Mercer counties in New Jersey; and in New Castle county in the state of Delaware. The Richmond, Virginia segment includes properties primarily in Albemarle, Chesterfield, Goochland and Henrico counties and Durham, North Carolina. The Austin, Texas segment includes properties in Austin. The California segment includes properties in Oakland, Concord, Carlsbad and Rancho Bernardo. Dispositions In July 2012, the company sold a portfolio of 11 flex/office properties, totaling 466,719 square feet, in Exton, Pennsylvania. In June 2012, the company sold Pacific Ridge Corporate Center, a 121,381 net rentable square feet, two-building office property located in Carlsbad, California. In March 2012, the company sold South Lake at Dulles Corner, a 268,240 net rentable square feet office property located in Herndon, Virginia. In January 2012, the company sold 304 Harper Drive, a 32,978 net rentable square feet office property located in Moorestown, New Jersey. Tax Status The company has elected to be treated as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended. As a REIT, the company is subject to certain distribution requirements, including the requirement to distribute 90% of its REIT taxable income. History Brandywine Realty Trust was founded in 1985.

 

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Valuation BDN Industry Range
Price/Earnings 99.4x
Price/Sales 4.0x
Price/Book 1.3x
Price/Cash Flow 11.1x
TEV/Sales NM Not Meaningful
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