---
schema_version: "secwatch.filing_event.v1"
accession: "0000790816-23-000020"
form_type: "8-K"
ticker: "BDN"
cik: "0000790816"
company_name: "BRANDYWINE REALTY TRUST"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:05:19.361822+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000790816-23-000020
- form_type: 8-K
- ticker: BDN
- cik: 0000790816
- company_name: BRANDYWINE REALTY TRUST
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/790816/000079081623000020/0000790816-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790816/000079081623000020/bdn-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000790816-23-000020
- JSON: https://secwatch.observer/filing/0000790816-23-000020.json
- Plain text: https://secwatch.observer/filing/0000790816-23-000020.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/790816/000079081623000020/0000790816-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.