Quarterly ResultApr 22, 2026, 04:16 PM
Brandywine Realty Trust Reports Q1 Net Loss of $(48.9)M
AI Summary
Brandywine Realty Trust reported a net loss of $(48.9) million, or $(0.28) per share, for Q1 2026, which included $11.9 million in non-cash impairment charges. Funds From Operations (FFO) available to common shareholders were $20.0 million, or $0.11 per diluted share, down from $0.14 per share in Q1 2025. The company achieved 268,000 square feet in wholly-owned leasing activity and narrowed its full-year 2026 FFO guidance to $0.52-$0.58 per share, citing progress on its business plan and portfolio recycling.
Key Highlights
- Q1 2026 Net Loss: $(48.9) million, or $(0.28) per share.
- Q1 2026 FFO: $20.0 million, or $0.11 per diluted share.
- Wholly-owned leasing activity: 268,000 square feet in Q1 2026.
- Full-year 2026 FFO guidance narrowed to $0.52-$0.58 per share.
- Same store NOI increased 3.3% on a cash basis.