BDN

Brandywine Realty Trust to Redeem All Outstanding 4.10% Guaranteed Notes due 2024

Retrieved on: 
Tuesday, April 23, 2024
Redemption, BNY Mellon, DTC, Hand, Partnership, BDN, Depository Trust Company, Bank, Brandywine Realty Trust

PHILADELPHIA, April 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), intends to redeem all of the outstanding 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”) issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes.

Key Points: 
  • PHILADELPHIA, April 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), intends to redeem all of the outstanding 4.10% Guaranteed Notes due October 1, 2024 (the “Notes”) issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes.
  • The expected redemption date will be June 7, 2024 (the “Redemption Date”).
  • The notice of redemption and other materials relating to the redemption of the Notes will be mailed on or about April 23, 2024.
  • Notes that are held through The Depository Trust Company (“DTC”) will be redeemed in accordance with the applicable procedures of DTC.

Brandywine Realty Trust Announces First Quarter 2024 Results And Narrows 2024 Guidance

Retrieved on: 
Wednesday, April 17, 2024
Tenant, BDN, Trustee, FFO, Tender offer, Three Months, NOI, Absorption, Brandywine Realty Trust, Self storage

PHILADELPHIA, April 17, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2024.

Key Points: 
  • PHILADELPHIA, April 17, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2024.
  • “During the first quarter, we made excellent progress on our 2024 business plan highlighted by achieving 98% of our speculative revenue target based on the midpoint of our guidance,” stated Jerry Sweeney, President and Chief Executive Officer of Brandywine Realty Trust.
  • Our first quarter 2024 payout ratio ($0.15 common share distribution / $0.24 FFO per diluted share) was 62.5%.
  • We leased approximately 359,000 square feet and commenced occupancy on 293,000 square feet during the first quarter of 2024.

Brandywine Realty Trust Announces Closing of $400 Million Offering of 8.875% Guaranteed Notes Due 2029

Retrieved on: 
Friday, April 12, 2024
Sale, Retirement, Prospectus, Security (finance), Partnership, BDN, Brandywine Realty Trust, Note

PHILADELPHIA, April 12, 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 closed its previously announced underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).

Key Points: 
  • PHILADELPHIA, April 12, 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 closed its previously announced underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).
  • The Operating Partnership intends to use the net proceeds of the offering to repurchase or redeem the $335.1 million outstanding principal amount of its 4.10% Guaranteed Notes due October 1, 2024 and for general corporate purposes, which may include the repayment, repurchase or other retirement of other indebtedness.
  • The offering of the Notes was made pursuant to an effective shelf registration statement and related prospectus and preliminary prospectus supplement filed by the Company with the Securities and Exchange Commission.
  • This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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

Retrieved on: 
Thursday, April 4, 2024
BofA Securities, Wells Fargo, Partnership, Telephone, Citizenship, Brandywine Realty Trust, Sale, Security (finance), Prospectus, Note, Broadridge Financial Solutions, Retirement, BDN

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
Citigroup, BDN, Conference, Webcast, Brandywine Realty Trust, Broadcasting

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
FFO, Absorption, Roosevelt Boulevard, Chester Road, Brandywine Realty Trust, Tenant, BDN, Virginia State Route 7, Sale, NOI, Trustee, Self storage

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 .