Brandywine Q1 net loss $5.3M; FFO $0.29/share; maintains 2023 FFO guidance $1.12-$1.20

BRANDYWINE REALTY TRUST

2023-Q1 EPS reported -$0.03 revenue$129,227,000

Net loss allocated to common shareholders of $5.3M ($0.03/share) vs net income $5.9M in Q1 2022.
FFO of $50.8M ($0.29/diluted share) vs $60.3M ($0.35) in Q1 2022; payout ratio 65.5%.
Core portfolio 89.0% occupied; same-store NOI grew 2.2% accrual and 3.6% cash basis.
Closed $70M unsecured term loan in March; repaid remaining $54.3M 2023 Notes in January.
2023 FFO guidance maintained at $1.12-$1.20; EPS loss guidance widened to ($0.15)-($0.07).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BRANDYWINE REALTY TRUST reported the three months ended March 31, 2023 results: net income ($5.3) million, or ($0.03) per share. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Net income: ($5.3) million, or ($0.03) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Brandywine Realty Trust Announces First Quarter Results Philadelphia, PA, April 19, 2023 — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2023.

View on SEC.gov

Browse all earnings releases →

BRANDYWINE REALTY TRUST filing history →

Source: SEC EDGAR

accession 0000790816-23-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.