secwatch.observer — SEC 8-K summary
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Issuer:     BRANDYWINE REALTY TRUST (BDN)
CIK:        0000790816
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000790816-23-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790816/000079081623000020/0000790816-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790816/000079081623000020/bdn-20230419.htm
  HTML page:      https://secwatch.observer/filing/0000790816-23-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer