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Last $14.43 USD
Change Today -0.06 / -0.41%
Volume 1.3M
BDN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

brandywine realty trust (BDN) Snapshot

Open
$14.41
Previous Close
$14.49
Day High
$14.59
Day Low
$14.36
52 Week High
01/28/15 - $17.13
52 Week Low
10/2/14 - $13.84
Market Cap
2.6B
Average Volume 10 Days
1.1M
EPS TTM
$0.10
Shares Outstanding
179.9M
EX-Date
04/1/15
P/E TM
145.1x
Dividend
$0.60
Dividend Yield
4.16%
Current Stock Chart for BRANDYWINE REALTY TRUST (BDN)

brandywine realty trust (BDN) Related Businessweek News

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brandywine realty trust (BDN) Details

Brandywine Realty Trust is a publically owned real estate investment trust. The firm invests in real estate markets of the United States. It makes investments in office, mixed-use, and industrial properties. Brandywine Realty Trust was founded in 1985 and is based in Radnor, Pennsylvania with additional offices in Mount Laurel, New Jersey; Richmond, Virginia; Dallas, Texas; Falls Church, Virginia; Oakland, California; Austin, Texas, and Carlsbad, California.

424 Employees
Last Reported Date: 02/19/15
Founded in 1985

brandywine realty trust (BDN) Top Compensated Officers

Chief Executive Officer, President, Trustee a...
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $370.2K
Executive Vice President of Operations
Total Annual Compensation: $346.0K
Executive Vice President and Senior Managing ...
Total Annual Compensation: $378.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $370.0K
Compensation as of Fiscal Year 2014.

brandywine realty trust (BDN) Key Developments

Brandywine Realty Trust Enters into a $600 Million Unsecured Revolving Credit Facility

Brandywine Realty Trust announced that effective May 15, 2015 it has entered into a $600 million four-year unsecured revolving credit facility. The new facility replaces the company's existing $600 million unsecured revolving credit facility that was scheduled to mature on February 1, 2016. The company's borrowing rate for the new unsecured revolving credit facility is based on a spread over the London Interbank Offering Rate equal to 120 basis points based on the Company's current investment grade rating, a 30 basis point improvement as compared to the previous credit facility. The company may extend the maturity date of the unsecured revolving credit facility for two additional six- month periods. The covenant calculations, terms and conditions in the new unsecured revolving credit facility reflect current conventions and generally provide enhanced flexibility for the company. The unsecured revolving credit facility was arranged jointly by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc. with Bank of America, N.A. serving as Administrative Agent, Citibank, N.A. serving as Syndication Agent, and Citizens Bank, N.A., PNC Bank, National Association, Royal Bank of Canada, and The Bank of New York Mellon serving as Co-Documentation Agents.

Brandywine Realty Trust Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Revised Earnings Guidance for Fiscal 2015

Brandywine Realty Trust reported unaudited consolidated financial results for the first quarter ended March 31, 2014. Total revenue was $150,406,000 against $152,114,000 for the same period of last year. Operating income was $29,961,000 against $29,389,000 for the same period of last year. Net income from continuing operations was $8,594,000 against loss from continuing operations of $2,237,000 for the same period of last year. Funds from Operations (FFO) available to common shares and units totaled $58.5 million or $0.32 per diluted share versus $53.6 million or $0.34 per diluted share in the first quarter of 2014. Net income allocated to common shares totaled $6.7 million or $0.04 per diluted share compared to a net loss of $4.0 million or $0.03 per diluted share in the first quarter of 2014. Revenue maintaining capital expenditures totaled $12.8 million which along with other adjustments to FFO, resulted in $39.5 million or $0.22 per diluted share of Cash Available for Distribution (CAD). In the first quarter of 2014, revenue maintaining capital expenditures totaled $14.7 million and resulted in $34.5 million or $0.22 per diluted share of CAD. Net Operating Income excluding termination revenues and other income items increased 2.2% on a GAAP basis and increased 0.6% on a cash basis for 185 same store properties, which were 90.2% and 88.9% occupied on March 31, 2015 and March 31, 2014, respectively. Based on current plans and assumptions and subject to the risks and uncertainties more fully described in Securities and Exchange Commission filings, the company is narrowing previously issued 2015 guidance from $1.39 to $1.48 per diluted share to $1.40 to $1.46 per diluted share. This guidance is provided for informational purposes and is subject to change. Earnings per diluted share allocated to common shareholders are expected to be in the range of $0.13 to $0.19 per share. Adjusted FFO per diluted share expected to be in the range of $1.29 to $0.35 per share. Real estate depreciation and amortization expected to be in the range of $1.29 to $0.35 per share. 2015 FFO guidance does not include income arising from the sale of un-depreciated real estate. 2015 earnings and FFO per diluted share each reflect $0.11 per diluted share of non-cash income attributable to the fifth of five annual recognitions of 20% of the net benefit of the rehabilitation tax credit financing on the 30th Street Post Office.

Brandywine Realty Trust Announces Amendment of Bylaws

On March 26, 2015, the Board of Trustees of Brandywine Realty Trust amended Section 8 of Article II of the Bylaws of the company to change the vote required for the election of a Trustee in an uncontested election from a plurality of votes cast to the affirmative vote of a majority of the total votes cast for or against such nominee.

 

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BDN

Industry Average

Valuation BDN Industry Range
Price/Earnings 100.0x
Price/Sales 4.4x
Price/Book 1.2x
Price/Cash Flow 11.5x
TEV/Sales NM Not Meaningful
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