Key Highlights

  • Brandywine's $0.08 quarterly Dividend trades ex-dividend October 8, 2026, with payment on October 22 to shareholders of record.
  • The company states a 62% second-quarter payout ratio, based on the $0.08 distribution and $0.13 FFO (non-GAAP).
  • Second-quarter Revenue was $128.9 million, with a GAAP net loss of $31.7 million, or $0.18 per diluted share.
  • Brandywine narrowed 2026 FFO (non-GAAP) guidance to $0.53 to $0.57 per share and raised its asset-sale target to $305 million.

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend of $0.08 per common share, a Yield of 11.64%, payable October 22 to shareholders of record on October 8, 2026. The company states an annual rate of $0.32 per common share. Second-quarter FFO (non-GAAP) was $0.13 per diluted share, and the company reported a GAAP net loss of $0.18 per diluted share.

Dividend Program and Shareholder Returns

Brandywine's board declared the $0.08 dividend on September 15, 2026, payable October 22 to common shareholders and OP Unit holders of record on October 8. The shares trade ex-dividend on October 8. The $0.08 amount applies to each common share and each OP Unit. The company states that the dividend is at an annual rate of $0.32 per common share.

The company paid a dividend of $0.08 per common share on July 22, 2026. In its second-quarter release, Brandywine reported a Payout Ratio of 62%, based on the $0.08 common share distribution and $0.13 of FFO (non-GAAP) per diluted share. The company scheduled its third-quarter Earnings release for October 21 after the market close, with a call on October 22. Each dividend remains subject to board approval.

About the Company

Brandywine Realty Trust is a real estate Investment trust that owns office properties. In its second-quarter release, the company reported a core portfolio of 57 properties comprising 10.8 million square feet, 89.1% occupied and 90.6% leased as of July 15, 2026. Tenant retention was 85% for the quarter. Brandywine reported $35 million of cash and cash equivalents and no outstanding balance on its $600 million unsecured line of credit.

Second-Quarter Revenue, Net Loss and FFO

Brandywine reported second-quarter revenue of $128.9 million. Net loss was $31.7 million, or $0.18 per diluted share, on a GAAP basis. FFO, a non-GAAP measure, was $23.6 million, or $0.13 per diluted share.

For 2026, the company reported FFO (non-GAAP) guidance of $0.53 to $0.57 per share, narrowed from $0.52 to $0.58. It also reported a GAAP net loss range of $0.45 to $0.41 per share for the year. The payout ratio stated by the company compares the $0.08 distribution with the $0.13 of quarterly FFO (non-GAAP). The company also reported that the core portfolio retained 85% of tenants during the quarter, and that its third-quarter results are due October 21 after the market close.

Asset Sales and Financing Activity

Brandywine reported three dispositions: a Conshohocken property sold on May 15 for $15.5 million, a King of Prussia property sold on July 1 for $41.5 million with $37.8 million of net proceeds, and an Austin property sold on July 9 for $151.0 million with $146.1 million of net proceeds. The company raised its asset-sale target from $290 million to $305 million. It also reported a $90 million secured term Loan with an all-in fixed rate of 5.81% through June 2033, alongside the $35 million of cash and cash equivalents and the undrawn $600 million unsecured line of Credit noted above.

Outlook

Brandywine's $0.08 quarterly dividend is payable October 22 to shareholders of record on October 8, 2026. The October 21 third-quarter results, the narrowed 2026 FFO (non-GAAP) guidance of $0.53 to $0.57 per share, and progress against the $305 million asset-sale target are the relevant considerations.