Quarterly ResultMay 1, 2026, 03:01 PM
Brandywine Realty Q1 Net Loss $(48.59)M; Revenue $127.0M
AI Summary
Brandywine Realty Trust reported a net loss attributable to the company of $(48.59) million for the first quarter ended March 31, 2026, a significant increase from $(26.98) million in the prior year. Total revenue for the quarter increased to $127.0 million from $121.5 million. The company recorded a provision for impairment of $11.91 million during the quarter. As of March 31, 2026, the company owned 64 properties totaling approximately 12.3 million net rentable square feet and held 106.5 acres of land for development.
Key Highlights
- Net loss attributable to Brandywine Realty Trust was $(48.59) million for Q1 2026, compared to $(26.98) million in Q1 2025.
- Total revenue increased to $127.0 million for Q1 2026, up from $121.5 million in Q1 2025.
- Basic loss per Common Share was $(0.28) for Q1 2026, compared to $(0.16) in Q1 2025.
- A provision for impairment of $11.91 million was recorded for Q1 2026.
- The company owned 64 properties with approximately 12.3 million net rentable square feet as of March 31, 2026.
- 106.5 acres of land were held for development, with potential for 11.6 million net rentable square feet.
- Cash and cash equivalents stood at $36.20 million as of March 31, 2026.
- Total liabilities were $2,848.66 million as of March 31, 2026.
Price Impact
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