---
schema_version: "secwatch.filing_event.v1"
accession: "0000790816-24-000017"
form_type: "8-K"
ticker: null
cik: "0001060386"
company_name: "BRANDYWINE OPERATING PARTNERSHIP, L.P."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:00:40.694792+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Brandywine Q1 net loss $16.7M, FFO $0.24; narrows 2024 FFO guidance to $0.90-$0.97

## Summary
- Net loss allocated to common shares of ($16.7M) or ($0.10) per diluted share vs. ($5.3M) loss in Q1 2023.
- FFO of $41.2M ($0.24/diluted share) vs. $50.8M ($0.29) YoY; FFO payout ratio 62.5%.
- Core portfolio 87.7% occupied, 89.0% leased; same-store NOI up 1.9% accrual, 5.3% cash.
- Issued $400M 8.875% unsecured notes due 2029; net proceeds to retire $335M 4.10% notes due Oct 2024.
- Narrowed 2024 FFO guidance to $0.90-$0.97 per share (from $0.90-$1.00); loss per share $(0.36)-$(0.29).

## SEC filing metadata
- accession: 0000790816-24-000017
- form_type: 8-K
- cik: 0001060386
- company_name: BRANDYWINE OPERATING PARTNERSHIP, L.P.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1060386/000079081624000017/0000790816-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790816/000079081624000017/bdn-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000790816-24-000017
- JSON: https://secwatch.observer/filing/0000790816-24-000017.json
- Plain text: https://secwatch.observer/filing/0000790816-24-000017.txt

## Key facts
- Earnings Releases
  BRANDYWINE OPERATING PARTNERSHIP, L.P. reported three months ended March 31, 2024 results: net income ($16.7) million, EPS ($0.10) per share.
  - Period: three months ended March 31, 2024
  - Net income: ($16.7) million
  - EPS: ($0.10) per share
  - Result: reported results
  source text: Net loss allocated to common shareholders: ($16.7) million, or ($0.10) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1060386/000079081624000017/0000790816-24-000017-index.htm
- Earnings Releases
  BRANDYWINE OPERATING PARTNERSHIP, L.P. reported 2024 results: EPS $(0.36) - $(0.29) per share.
  - Period: 2024
  - EPS: $(0.36) - $(0.29) per share
  - Result: guidance update
  source text: we are adjusting our 2024 loss per share guidance from $(0.36) - $(0.26) to $(0.36) - $(0.29) per share and 2024 narrowing our FFO guidance from $0.90 - $1.00 to $0.90 - $0.97 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1060386/000079081624000017/0000790816-24-000017-index.htm

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