Brandywine Realty Q1 net loss widens to $48.9M; FFO $0.11/shr; narrows 2026 FFO guidance

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Net loss $(48.9)M ($0.28/shr) vs $(27.4)M ($0.16/shr) prior year; includes $11.9M impairment.
FFO available to common shareholders $20.0M ($0.11/shr) down from $24.7M ($0.14/shr) in Q1 2025.
Core portfolio 88.3% occupied, 89.9% leased; leased 268k sq ft in wholly-owned portfolio.
2026 FFO guidance narrowed to $0.52-$0.58 from $0.51-$0.59; EPS loss guidance widened to $(0.76)-(0.70).
Disposition target $290M; $305M under agreement or due diligence; Avira financing up to $100M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

BRANDYWINE OPERATING PARTNERSHIP, L.P. reported first quarter 2026 (three months ended March 31, 2026) results: net income $(48.9) million, EPS $(0.28) per share.

Period: first quarter 2026 (three months ended March 31, 2026)
Net income: $(48.9) million
EPS: $(0.28) per share
Result: reported results

Exact text from the filing

Net loss attributable to common shareholders: $(48.9) million, or $(0.28) per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

BRANDYWINE OPERATING PARTNERSHIP, L.P. reported fiscal year 2026 results: EPS loss per diluted share guidance adjusted from $(0.66)-$(0.58) to $(0.76)-$(0.70); FFO per diluted share guidance narrowe. Guidance reaffirmed.

Period: fiscal year 2026
EPS: loss per diluted share guidance adjusted from $(0.66)-$(0.58) to $(0.76)-$(0.70); FFO per diluted share guidance narrowe
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Based on current plans and assumptions and subject to the risks and uncertainties more fully described in our Securities and Exchange Commission filings, we are adjusting our 2026 loss per share guidance from $(0.66) - $(0.58) per share to $(0.76) – $(0.70) per share and 2026 FFO guidance from $0.51 - $0.59 per diluted share to $0.52 - $0.58 per diluted share.

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Source: SEC EDGAR

accession 0000790816-26-000014

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