Brandywine Realty (BDN) Tops Q3 EPS by 4c, Guides, Raises Dividend

October 28, 2009 5:05 PM EDT

Brandywine Realty Trust (NYSE: BDN) reports Q3 FFO of $0.44, 4 cents better than the analyst estimate of $0.36. Revenue for the quarter was $146.6 million, which compares to the estimate of $141.03 million.

For 2010, we anticipate that our quarterly common share distributions will increase to $0.15 per common share or $0.60 per common share on an annualized basis, subject to quarterly declaration by our Board of Trustees. This represents a 50% increase from the current distribution rate of $0.10 per common share.

Sees FY09 FFO of $1.82-$1.85, versus the consensus of $1.78.

Sees FY10 FFO of 1.23-$1.34, versus the consensus $1.38.

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