Brandywine Realty Trust (BDN) Tops Q2 FFO by 1c, Narrows Guidance

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Brandywine Realty Trust Announces Second Quarter 2018 Results and Narrows 2018 Guidance

July 19, 2018 4:15 PM EDT

PHILADELPHIA, July 19, 2018 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE: BDN) today reported its financial and operating results for the three and six-month periods ended June 30, 2018.

Management Comments

We remain excited about the strong progression of our 2018 business plan, stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust. Market conditions remain strong and we continue to have a robust leasing pipeline.  Our 2018 revenue target is now 92% executed resulting in strong quarterly metrics, including a 22.8% increase in quarterly GAAP mark-to-market rents. Our development pipeline... More