Brandywine Realty Trust (BDN) publishes the transcript from their second quarter earnings call in 2025

Brandywine Realty Trust (BDN) publishes the transcript from their second quarter earnings call in 2025

Brandywine Realty Trust (BDN) has announced its financial results for the second quarter of 2025, revealing a net loss of $89 million primarily due to non-cash impairment charges related to properties in Austin. Despite this loss, the company's Earnings Per Share (EPS) significantly surpassed forecasts, though revenue slightly missed expectations.

The company achieved a consolidated Funds from Operations (FFO) of $26.1 million, or $0.15 per share. Brandywine Realty Trust reported a 35% increase in leasing activity compared to the first quarter, with 234,000 square feet leased, exceeding 98% of its speculative revenue target.

In light of these results, Brandywine has adjusted its 2025 FFO guidance to a range of $0.60 to $0.66 per share. The company also updated its loss per share guidance to $(0.96) - $(0.90) per share. Tenant retention was strong at 82%, with an average annual lease expiration rate of 5.1%. The company maintained solid liquidity and lowered its sales target to $72.7 million.

Despite these challenges, Brandywine Realty Trust shows long-term value due to positive leasing trends and debt management improvements. Analysts are taking a contrarian view, considering the stock a buy for long-term investors. The company's stock is seen as a potential opportunity for deep-value investors, with some analysts choosing to expand their positions despite current market skepticism.

The conference call to discuss these results is scheduled for July 24, 2025, at 9:00 AM ET and is being recorded. The participants from Brandywine Realty Trust include George D. Johnstone, Executive Vice President of Operations, Gerard H. Sweeney, President, CEO & Trustee, Thomas E. Wirth, Executive VP & CFO, and Dan Palazzo, Senior Vice President and Chief Accounting Officer.

Certain information discussed on the call may constitute forward-looking statements within the meaning of federal securities law. For further information on factors that could impact the anticipated results, reference the press release and most recent annual and quarterly reports filed with the SEC.

[1] Brandywine Realty Trust Press Release

[2] GlobeNewswire

[3] Seeking Alpha

[5] The Street

1. Analysts are taking a contrarian view, considering Brandywine Realty Trust's stock a buy for long-term investors, seeing it as a potential opportunity for deep-value investors.
2. Brandywine Realty Trust's conference call to discuss its financial results for the second quarter of 2025 is scheduled for July 24, 2025, at 9:00 AM ET, and will berecorded.

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