The earnings call presented a mix of positive developments such as strong leasing activity, successful bond issuance, and progress in development projects. However, these were counterbalanced by significant impairments, challenges in the Austin market, and a high CAD payout ratio.

Company Guidance

During Brandywine Realty Trust's second quarter 2025 earnings call, several key metrics and guidance updates were provided. The company reported a quarterly retention rate of 82% and leasing activity of approximately 460,000 square feet. They also achieved a net absorption of 13,000 square feet with expectations for positive net absorption in the third quarter. At the end of the quarter, occupancy was at 88.6%, and the leased percentage was 91.1%. Philadelphia had a higher occupancy rate of 93.5%, while Austin was at 78%. The capital ratio was improved to a range of 9% to 10%, reflecting strong capital control and construction efficiencies. The second quarter FFO was $0.15 per share, with a revised FFO guidance range of $0.60 to $0.66 per share for 2025. The company also highlighted successful sales totaling $73 million at a 6.9% cap rate and noted significant progress in reducing secured debt through the issuance of $150 million in unsecured bonds. Overall, Brandywine Realty Trust expressed confidence in its strong operating and leasing performance, with a focus on recapitalizing development projects and maintaining liquidity.

Strong Leasing Activity

Leasing activity for the quarter was approximately 460,000 square feet, including a 35% increase quarter-over-quarter. A significant 100,000 square foot lease was signed with a leading tech company.

Positive Net Absorption and Occupancy Rates

The company ended the quarter with 88.6% occupancy and 91.1% leased, with positive net absorption expected in the third quarter.

Successful Bond Issuance

Issued $150 million of unsecured bonds in June, generating $159 million of gross proceeds at an effective yield to maturity just over 7%.

Development Progress

Significant activity in development projects, with residential developments Avira 99% leased and Solaris 89% leased. Commencement of a 121-room hotel project with a projected 10% return on cost.

Asset Sales Exceed Expectations

Property sales of almost $73 million with an average cap rate of 6.9%, exceeding the anticipated $50 million in sales for the year.

Brandywine Realty (BDN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BDN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	-0.14 / -	-0.96	―	―	―
Jul 23, 2025	2025 (Q2)	-0.16 / 0.44	0.17	156.47% (+0.27)
Apr 22, 2025	2025 (Q1)	-0.18 / 0.41	-0.1	506.00% (+0.51)
Feb 04, 2025	2024 (Q4)	-0.07 / -0.25	-0.91	72.53% (+0.66)
Oct 22, 2024	2024 (Q3)	-0.07 / -0.96	-0.13	-638.46% (-0.83)
Jul 23, 2024	2024 (Q2)	-0.11 / 0.17	-0.08	312.50% (+0.25)
Apr 17, 2024	2024 (Q1)	-0.10 / -0.10	-0.03	-233.33% (-0.07)
Jan 31, 2024	2023 (Q4)	-0.07 / -0.91	0.459	-298.26% (-1.37)
Oct 24, 2023	2023 (Q3)	-0.06 / -0.13	0.471	-127.60% (-0.60)
Jul 25, 2023	2023 (Q2)	-0.07 / -0.08	0.459	-117.43% (-0.54)	―

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

BDN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$4.33	$4.13	-4.62%
Apr 22, 2025	$3.75	$3.83	+2.13%
Feb 04, 2025	$5.00	$4.75	-5.00%
Oct 22, 2024	$5.69	$4.92	-13.53%

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.

FAQ

When does Brandywine Realty (BDN) report earnings?

Brandywine Realty (BDN) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Brandywine Realty (BDN) earnings time?

Brandywine Realty (BDN) earnings time is at Oct 22, 2025, After Close (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 (Q3) is -0.14.

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