Brandywine Realty Trust reports Q4 net loss of $36.9 mln

Overview

• Real estate investment trust's Q4 net loss was $36.9 mln, including debt extinguishment charge

• Company's Q4 FFO was $14.6 mln, reflecting impact of debt repayment charge

• Company acquired equity interests in two Philadelphia properties, now wholly owned

Outlook

• Brandywine Realty Trust expects 2026 FFO per diluted share of $0.51 to $0.59

• Brandywine Realty Trust anticipates property sales of $280 mln to $300 mln in 2026

Result Drivers

• LEASING ACTIVITY - Co signed 157,000 sq ft of new and renewal leases in Q4, bolstering occupancy

• PROPERTY ACQUISITIONS - Co acquired equity interests in 3025 JFK and 3151 Market Street, making them wholly owned

• STRONG LIQUIDITY - Co reported no borrowings on $600 mln credit line and no bond maturities until 2027

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for Brandywine Realty Trust is $3.75, about 32.5% above its February 2 closing price of $2.83

Press Release: ID:nGNX1Tzp2W

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