Quarterly ResultJul 22, 2026, 04:12 PM
Brandywine Q2 FFO $0.13; Narrows 2026 FFO Guidance
AI Summary
Brandywine Realty Trust reported its second quarter 2026 financial results, with FFO of $0.13 per diluted share and a net loss of $(0.18) per diluted share. The company narrowed its 2026 FFO guidance to $0.53-$0.57 per diluted share and increased its asset sales target to $305 million, having already closed $208 million. Strategic capital market activities included repaying a $178 million construction loan, refinancing Avira with a $90 million loan, and achieving a strong liquidity position with no outstanding balance on its unsecured credit line.
Key Highlights
- Reported Q2 FFO of $0.13 per diluted share, down from $0.15 in Q2 2025.
- Net loss available to common shareholders was $(0.18) per diluted share, an improvement from $(0.51) in Q2 2025.
- Narrowed 2026 FFO guidance to $0.53-$0.57 per diluted share from $0.52-$0.58.
- Increased 2026 asset sales target to $305 million, having closed $208 million.
- Repaid a $178 million construction loan and refinanced Avira with a $90 million loan.
- Achieved 85% tenant retention ratio and 1.9% cash same store Net Operating Income growth.
- Currently has no outstanding balance on its $600 million unsecured line of credit and $35 million cash-on-hand.
Price Impact
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