Brandywine Realty Trust Announces Common Quarterly Dividend and Confirms Fourth Quarter 2021 Earnings Release and Conference Call

PHILADELPHIA, Dec. 7, 2021 (GLOBE NEWSWIRE) – Brandywine Realty Trust (NYSE: BDN) announced today that its Board of Trustees has approved a quarterly cash dividend of $ 0.19 per common share per operating unit, due on January 19, 2022 payable to registered holder is January 5, 2022. The quarterly dividend is an annual rate of $ 0.76 per share.

Conference call and audio webcast

We will host our fourth quarter 2021 results conference call on Thursday, February 3, 2022 at 9:00 a.m. Eastern Time. The conference call can be accessed by calling 1-833-818-6810 using the conference ID: 9178364. From two hours after the conference call, until Thursday, February 17, 2022, under 1. a recorded recording of the call can be obtained -855-859-2056 and entry code 9178364. The conference call can also be accessed via webcast on our website www.brandywinerealty.com.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States, focusing on the Philadelphia, Austin and Washington, DC markets. As a Real Estate Investment Trust (REIT), we organize, own, develop, rent and manage an urban, inner-city and traffic-oriented portfolio of 172 properties and 24.2 million square meters as of September 30, 2021, excluding assets held for sale. We aim to shape, connect and inspire the world around us through our expertise, the relationships we have, the communities we live and work in, and the history we build together. More information is available at www.brandywinerealty.com.

Forward-Looking Statements

This 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 using forward-looking terminology such as “will”, “strategy”, “expect”, “aim”, “believe”, “potentially” or other similar words. Because such statements involve known and unknown risks, uncertainties and contingencies, actual results could differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied in such forward-looking statements. These forward-looking statements, including our projections for 2021, are based on 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 generally beyond our control. These risks, uncertainties and contingencies include, but are not limited to: Risks related to the impact of COVID-19 and other potential future infectious disease outbreaks on our financial, earnings and cash flows and those of our tenants, as well as the economy and real estate and financial markets ; reduced demand for office space and price pressure, including from competitors, which could limit our ability to rent space or rent to expected levels or lead to rent declines; Uncertainty and volatility in the capital and credit markets, including changes that reduce the availability of capital and increase costs; the potential loss or bankruptcy of tenants or the inability of tenants to meet their rental and other rental obligations; Risks of acquisitions and divestments, including unexpected liabilities and integration costs; Delays in completion and cost overruns related to our developments and new developments; Disagreements with joint venture partners; unexpected operating and capital costs; uninsured accidental damage and the ability to obtain adequate insurance, including coverage for terrorist attacks; Impairment of assets; our reliance on certain geographic markets; Changes in government regulations, tax laws and rates, and similar matters; unexpected costs of meeting REIT qualification; and costs and disruptions as a result of a cybersecurity incident or other technology disruption. The declaration and payment of future dividends (both timing and amount) is subject to the decision of our Board of Trustees in its sole discretion, taking into account various factors, including our financial condition, historical and forecast operating results and available cash flow, as well as all applicable laws and contractual agreements and all others relevant factors. Our Board of Directors’ policy of declaring dividends may be changed at any time and from time to time. Additional information about factors that could affect us and the forward-looking statements contained herein are contained in our filings with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2020. We do not assume any obligation to update or supplement forward-looking statements that later become untrue, unless required by law.

The story goes on

Contact to the company / investor:
Tom Wirth
EVP & CFO
610-832-7434
tom.wirth@bdnreit.com

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