BRANDYWINE REALTY TRUST

Brandywine Realty Trust announced the completion of the disposition of a 206,000 square foot office building and its 520-space parking garage in Austin, Texas. The property was sold to an unaffiliated third party for a sales price of $151.0 million, resulting in net proceeds of approximately $146.1 million. The company also provided unaudited pro forma consolidated financial information reflecting the impact of this disposition.

Brandywine Realty Trust and its operating partnership extended the maturity date of their revolving credit facility by six months, moving it from June 30, 2026, to December 30, 2026, and paid an extension fee of 0.0625%. Additionally, at the Annual Meeting, shareholders approved an amendment to the 2023 Long-Term Incentive Plan, increasing the number of common shares available by 5,000,000 and extending its term to March 19, 2036. Shareholders also elected six trustees, ratified PricewaterhouseCoopers LLP as the auditor, and approved an advisory resolution on executive compensation.

Brandywine Realty Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share and OP Unit. This dividend is payable on July 22, 2026, to holders of record on July 8, 2026, and represents an annual rate of $0.32 per common share. Additionally, the company will release its second quarter 2026 earnings after market close on July 22, 2026, and will host a conference call on July 23, 2026.

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.

Brandywine Realty Trust announced its financial results for the three months ended March 31, 2026, through a press release issued on April 22, 2026. This press release, which includes both GAAP and non-GAAP financial measures along with their reconciliations, has been furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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.