Overview

* Brandywine Realty Trust ( BDN ) reports Q2 net loss of $89 mln due to impairments

* FFO for Q2 at $26.1 mln, down from $38 mln in prior year

Outlook

* Company revises 2025 FFO guidance to $0.60 - $0.66 per share

* Brandywine adjusts 2025 loss per share guidance to $(0.96) - $(0.90)

* Brandywine removes land sales gains from 2025 business plan

Result Drivers

* TENANT DEMAND - Tenant demand improved, with Q2 leasing activity up 35% from Q1

* DEVELOPMENT LEASING - Signed 100,000 sq ft lease at One Uptown office development, Solaris residential project 89% leased

* IMPAIRMENT CHARGES - Non-cash impairment charges of $63.4 mln related to Austin assets impacted Q2 results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS -$0.51

Q2 Net -$89 mln

Income

Q2 FFO $26.10

mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for Brandywine Realty Trust ( BDN ) is $5.00, about 13.4% above its July 23 closing price of $4.33

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)