Brandywine Realty Trust Announces Common Quarterly Dividend, and Confirms Second Quarter 2023 Earnings Release and Conference Call
25 Maggio 2023 - 6:12PM
Brandywine Realty Trust (NYSE:BDN) announced today that its Board
of Trustees has declared a quarterly cash dividend of $0.19 per
common share and OP Unit payable on July 20, 2023 to holders of
record on July 6, 2023. The quarterly dividend is equivalent to an
annual rate of $0.76 per share.
Conference Call and Audio
Webcast
We will release our second quarter earnings after the market
close on Tuesday July 25, 2023 and will hold our second quarter
conference call on Wednesday July 26, 2023 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.
Forward-Looking StatementsThis
press release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements can generally be
identified by our use of forward-looking terminology such as
“will,” “strategy,” “expects,” “seeks,” “believes,” “potential,” or
other similar words. Because such statements involve known and
unknown risks, uncertainties and contingencies, actual results may
differ materially from the expectations, intentions, beliefs, plans
or predictions of the future expressed or implied by such
forward-looking statements. These forward-looking statements,
including our 2023 guidance and the progress of our projects under
development, are based upon the current beliefs and expectations of
our management and are inherently subject to significant business,
economic and competitive uncertainties and contingencies, many of
which are difficult to predict and not within our control. Such
risks, uncertainties and contingencies include, among others: risks
related to the impact of COVID-19 and other potential future
outbreaks of infectious diseases on our financial condition,
results of operations and cash flows and those of our tenants as
well as on the economy and real estate and financial markets;
reduced demand for office space and pricing pressures, including
from competitors, that could limit our ability to lease space or
set rents at expected levels or that could lead to declines in
rent; uncertainty and volatility in capital and credit markets,
including changes that reduce availability, and increase costs, of
capital or that delay receipt of our planned debt financings and
refinancings; the effect of inflation and interest rate
fluctuations, including on the costs of our planned debt financings
and refinancings; the potential loss or bankruptcy of tenants or
the inability of tenants to meet their rent and other lease
obligations; risks of acquisitions and dispositions, including
unexpected liabilities and integration costs; delays in completing,
and cost overruns incurred in connection with, our developments and
redevelopments; disagreements with joint venture partners;
unanticipated operating and capital costs; uninsured casualty
losses and our ability to obtain adequate insurance, including
coverage for terrorist acts; asset impairments; our dependence upon
certain geographic markets; changes in governmental regulations,
tax laws and rates and similar matters; unexpected costs of REIT
qualification compliance; and costs and disruptions as the result
of a cybersecurity incident or other technology disruption. The
declaration and payment of future dividends (both timing and
amount) is subject to the determination of our Board of Trustees,
in its sole discretion, after considering various factors,
including our financial condition, historical and forecast
operating results, and available cash flow, as well as any
applicable laws and contractual covenants and any other relevant
factors. Our Board’s practice regarding declaration of dividends
may be modified at any time and from time to time. Additional
information on factors which could impact us and the
forward-looking statements contained herein are included in our
filings with the Securities and Exchange Commission, including our
Form 10-K for the year ended December 31, 2022. We assume no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events except as required by
law.
Company / Investor Contact:Tom WirthEVP & CFO610-832-7434
tom.wirth@bdnreit.com |
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