Brandywine Realty Trust

Brandywine Realty Trust Prices $400 Million of 8.875% Guaranteed Notes Due 2029

Retrieved on: 
Thursday, April 4, 2024
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PHILADELPHIA, April 04, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).

Key Points: 
  • PHILADELPHIA, April 04, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).
  • Interest on the Notes will be payable semi-annually on April 12 and October 12 of each year, commencing October 12, 2024.
  • The Notes are being offered to investors at a price of 99.505% of their principal amount, plus accrued interest, if any, from April 12, 2024, with a re-offer yield of 9.000%.
  • The sale of the Notes is expected to close on April 12, 2024, subject to customary closing conditions.

Brandywine Realty Trust to Present at the Citi 2024 Global Property CEO Conference

Retrieved on: 
Monday, February 26, 2024
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PHILADELPHIA, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that the Company will participate in a roundtable presentation at the Citi 2024 Global Property CEO Conference.

Key Points: 
  • PHILADELPHIA, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that the Company will participate in a roundtable presentation at the Citi 2024 Global Property CEO Conference.
  • The presentation will take place on Monday, March 4, 2024 at 10:15 a.m. Eastern Time and will last approximately 35 minutes.
  • Brandywine’s presentation can be accessed live via webcast at:
    The webcast replay will be available within 24 hours after the conclusion of the live event and will expire Friday, April 5, 2024.
  • In addition, the webcast can be accessed via a link on the Investor Relations page of our website at www.brandywinerealty.com .

Universal Display Corporation Announces the Appointment of New Board Members

Retrieved on: 
Thursday, March 7, 2024
Research, Professional Services, Hardware, Consumer Electronics, Alternative Energy, Apps, Applications, Energy, Technology, Semiconductor, Science, Nanotechnology, Finance, University, Doctor of Philosophy, Biotechnology, Cystic fibrosis, Investment, General partnership, UDC, Health, MBA, Brandywine Realty Trust, OLED, Business, Open University, Rockwell Medical, Organization, Biological engineering, Partner (business rank), University of Cincinnati, Lighting, LLP, Rothschild & Co, BDN, Universal Display Corporation, Management

Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that Dr. Nigel Brown and Dr. Joan Lau have joined the Company’s Board of Directors, effective March 4, 2024.

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that Dr. Nigel Brown and Dr. Joan Lau have joined the Company’s Board of Directors, effective March 4, 2024.
  • The addition of these new directors expands UDC’s Board to ten members.
  • “I am pleased to welcome Nigel and Joan to the Board,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation and a member of the Board.
  • “Nigel adds a wealth of business innovation, technical knowledge and corporate strategic planning expertise to our Board.

Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Wednesday, February 14, 2024
BDN, Brandywine Realty Trust, Trustee

PHILADELPHIA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on April 18, 2024 to holders of record on April 4, 2024.

Key Points: 
  • PHILADELPHIA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on April 18, 2024 to holders of record on April 4, 2024.
  • The quarterly dividend is equivalent to an annual rate of $0.60 per share.
  • We will release our first quarter earnings after the market close on Wednesday, April 17, 2024 and will hold our first quarter conference call on Thursday, April 18, 2024 at 9:00 a.m. Eastern Time.
  • A live webcast of the conference call will also be available on the Investor Relations page of our website at www.brandywinerealty.com .

Brandywine Realty Trust Announces Fourth Quarter, Full Year 2023 Results and Initiates 2024 Guidance

Retrieved on: 
Wednesday, January 31, 2024
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PHILADELPHIA, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and twelve-month periods ended December 31, 2023.

Key Points: 
  • PHILADELPHIA, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and twelve-month periods ended December 31, 2023.
  • “We accomplished or exceeded many of our 2023 business plan objectives including our same store results and rental rate mark-to-markets,” stated Jerry Sweeney, President and Chief Executive Officer of Brandywine Realty Trust.
  • We received net cash proceeds of $13.8 million and recorded a gain of $7.7 million during the fourth quarter of 2023.
  • We leased approximately 240,000 square feet and we commenced occupancy on 209,000 square feet during the fourth quarter of 2023.

Brandywine Realty Trust Announces Tax Characteristics of Its 2023 Distributions

Retrieved on: 
Thursday, January 18, 2024
Brandywine Realty Trust, BDN

PHILADELPHIA, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE: BDN) announced today the tax characteristics of its 2023 distributions.

Key Points: 
  • PHILADELPHIA, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE: BDN) announced today the tax characteristics of its 2023 distributions.
  • The tax reporting will be done on Form 1099-DIV and shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of dividends.
  • The characteristics of the Company’s distributions are as follows:

Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Fourth Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, December 5, 2023
BDN, Trustee, Brandywine Realty Trust

The quarterly dividend is equivalent to an annual rate of $0.60 per share.

Key Points: 
  • The quarterly dividend is equivalent to an annual rate of $0.60 per share.
  • We will release our fourth quarter earnings after the market close on Wednesday January 31, 2024 and will hold our fourth quarter conference call on Thursday February 1, 2024 at 9:00 a.m. Eastern Time.
  • To access the conference call by phone, please visit this link here , and you will be provided with dial in details.
  • A live webcast of the conference call will also be available on the Investor Relations page of our website at www.brandywinerealty.com .

Hatch BioFund Announces New Partnership with Brandywine Realty Trust

Retrieved on: 
Wednesday, December 20, 2023
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Hatch BioFund Management LLC (“Hatch BioFund”), an early- stage life sciences venture capital firm headquartered in the Philadelphia region, and Brandywine Realty Trust (“Brandywine”), one of the largest, publicly traded, full-service, integrated real estate companies in the United States, announced today a new partnership to support the advancement of life sciences companies in Greater Philadelphia.

Key Points: 
  • Hatch BioFund Management LLC (“Hatch BioFund”), an early- stage life sciences venture capital firm headquartered in the Philadelphia region, and Brandywine Realty Trust (“Brandywine”), one of the largest, publicly traded, full-service, integrated real estate companies in the United States, announced today a new partnership to support the advancement of life sciences companies in Greater Philadelphia.
  • “We are proud that Brandywine selected Hatch BioFund as its investment partner,” said Lorenzo Pellegrini, Ph.D., managing partner of Hatch BioFund.
  • “Brandywine’s platform will be invaluable in our team’s effort to support the growth of exceptional life science entrepreneurs in the Greater Philadelphia region.
  • Additionally, Philadelphia was recently named one of five regions in the country to receive a biotechnology hub designation from the Biden administration.

Chris Hipps Joins Cushman & Wakefield as Texas Managing Principal

Retrieved on: 
Thursday, December 7, 2023
Commercial Building & Real Estate, Construction & Property, Building Systems, REIT, Moody's Investors Service, Brandywine Realty Trust, Senior management, Java transaction service, Multimedia, Cushman & Wakefield, CBRE, Cadillac Fairview, Relief valve

Cushman & Wakefield announced today that Chris Hipps has joined the firm as Texas Managing Principal.

Key Points: 
  • Cushman & Wakefield announced today that Chris Hipps has joined the firm as Texas Managing Principal.
  • Hipps will lead Cushman & Wakefield’s advisory professionals across Texas as the firm further grows, refines and integrates client services; develops new business; and continues to add top talent.
  • View the full release here: https://www.businesswire.com/news/home/20231207017426/en/
    “Chris’s leadership and experience position Cushman & Wakefield to flourish in Texas, and we’re excited he’s joining our team,” said Victoria Malkin, Cushman & Wakefield Regional President, Central Region.
  • Cushman & Wakefield has a long and storied history in Texas, and Chris is the ideal person to lead us into the next chapter.”
    Added Hipps, “As the state continues its historical growth trajectory, we have a real opportunity to expand Cushman & Wakefield’s impact across Texas.

Dynegy and Homefield Energy Announce Recipients of the 2023 Energy Leadership Awards

Retrieved on: 
Monday, October 30, 2023
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CHICAGO, Oct. 30, 2023 /PRNewswire/ -- Dynegy and Homefield Energy announce the recognition of five leading-edge companies as category winners in the 2023 Energy Leadership Awards. This program highlights corporate and nonprofit leaders defining energy management, sustainability, innovation, customer engagement, and community.

Key Points: 
  • Awards recognize five recipients in the categories of energy management, sustainability, engagement, innovation, and community
    CHICAGO, Oct. 30, 2023 /PRNewswire/ -- Dynegy and Homefield Energy announce the recognition of five leading-edge companies as category winners in the 2023 Energy Leadership Awards.
  • As the largest convention center in North America, Chicago's McCormick Place is committed to sustainability – powered by 100% wind energy through the purchase of Renewable Energy Certificates (RECs) with Dynegy.
  • Homefield Energy has partnered with Grain and Feed Association of Illinois' Energy Consortium since 2009 to actively engage its members.
  • Energy education webinars and an annual expo to help members better understand the energy market and support best-in-practice energy management underscores GFEC's deep commitment to fostering a culture of energy management excellence.