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Brandywine Realty (BDN)
NYSE:BDN
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.17Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: 1.54%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mix of positive developments, such as strong forward leasing activity and solid performance in Philadelphia, alongside challenges, including tenant defaults in Austin and a high CAD payout ratio. While there is optimism about the future, especially with development projects nearing stabilization, current financial metrics and market challenges present concerns.Company Guidance
In the first quarter of 2025, Brandywine Realty Trust reported a FFO of $0.14 per share, with a leasing activity of approximately 340,000 square feet, including 235,000 square feet in its wholly-owned portfolio and 105,000 square feet in joint ventures. The company achieved a quarterly retention rate of 55% and has executed 92% of its 2025 speculative revenue target. They ended the quarter with 86.6% occupancy and 89.2% leased, with Philadelphia at 93% occupied and 96% leased. The company reported a 306,000 square feet forward leasing activity, the highest in over 11 quarters, which mitigates the quarter's negative absorption due to early terminations and tenant defaults. Despite market challenges, Brandywine maintained its year-end occupancy and leasing guidance, with only 4.4% of annual rollover through 2026, one of the lowest in the office sector. The company's development projects are expected to stabilize between the second quarter of 2025 and the third quarter of 2026, with anticipated NOI increases upon stabilization. The overall strategy includes maintaining liquidity and recapitalizing developments to improve financial metrics.Forward Leasing Activity Surge
Brandywine Realty Trust reported 306,000 square feet of forward leasing activity, marking the highest level of forward leasing velocity in over 11 quarters.
Strong Performance in Philadelphia
Brandywine is 96.2% leased in their Philadelphia CBD portfolio and captured 64% of all deals done in the Central Business District during the first quarter.
Positive Leasing Momentum in Austin
Austin recorded over 112 tenants actively seeking more than 3.7 million square feet of space as of April, a 33% increase in demand over the fourth quarter of '24.
Development Projects Nearing Stabilization
The Schuylkill Yards office component is 80% leased, Avira residential tower is 96% leased, and Solaris House is 56% leased, with expectations of stabilization in the near future.
Liquidity and Financial Health
Brandywine prepaid a $70 million unsecured term loan and has $65 million outstanding on a $600 million unsecured line of credit, with no unsecured bond maturities until 2027.
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BDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 22, 2025 | $3.89 | $3.97 | +2.06% |
| Feb 04, 2025 | $5.18 | $4.92 | -5.02% |
| Oct 22, 2024 | $5.89 | $5.09 | -13.58% |
| Jul 23, 2024 | $4.44 | $4.28 | -3.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brandywine Realty (BDN) report earnings?
Brandywine Realty (BDN) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Brandywine Realty (BDN) earnings time?
Brandywine Realty (BDN) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BDN EPS forecast?
BDN EPS forecast for the fiscal quarter 2025 (Q2) is -0.17.
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