secwatch.observer — SEC 8-K summary
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Issuer:     BRANDYWINE OPERATING PARTNERSHIP, L.P. (—)
CIK:        0001060386
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000790816-24-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060386/000079081624000017/0000790816-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790816/000079081624000017/bdn-20240417.htm
  HTML page:      https://secwatch.observer/filing/0000790816-24-000017

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