Brandywine Realty Trust Reports Q1 2025 Earnings

Brandywine Realty Trust ( (BDN) ) has released its Q1 earnings. Here is a breakdown of the information Brandywine Realty Trust presented to its investors.

Brandywine Realty Trust is a publicly traded real estate investment trust (REIT) focused on owning, developing, leasing, and managing urban, town center, and transit-oriented properties, primarily in Philadelphia, PA, and Austin, TX. The company oversees a portfolio of 125 properties totaling 19.4 million square feet.

In its first quarter of 2025 earnings report, Brandywine Realty Trust announced a net loss attributable to common shareholders of $27.4 million, or $0.16 per share. Despite the loss, the company achieved 92% of its speculative revenue target and reported positive rental rate increases. The Schuylkill Yards residential development project, Avira, reached a 96% lease rate, with stabilization anticipated later in the quarter.

Key financial metrics for the quarter included Funds from Operations (FFO) of $24.7 million, or $0.14 per diluted share, and a core portfolio occupancy rate of 86.6%. The company executed 306,000 square feet of new leasing, marking the highest total in eleven quarters. Additionally, Brandywine Realty Trust maintained a strong liquidity position with $65 million outstanding on its $600 million unsecured line of credit.

Looking forward, Brandywine Realty Trust has adjusted its 2025 FFO guidance to a range of $0.61 to $0.71 per share, reflecting confidence in its business plan. The company remains focused on maintaining a robust liquidity position and achieving its speculative revenue targets, while navigating the challenges of the real estate market.