Brandywine Realty Trust Q3 net loss narrows on higher property sales
BDN•Brandywine Realty Trust’s Q3 net loss narrowed to $22.3 million from $26.2 million a year earlier, while Core FFO fell to $24.5 million, or $0.14 per share. The company narrowed its 2026 Core FFO guidance to $0.54-$0.56 per diluted share.
1. Quarterly results
The office REIT reported a Q3 net loss of $22.3 million, compared with $26.2 million a year earlier. Core FFO fell to $24.5 million, or $0.14 per share, from $28.0 million a year earlier. Higher-than-planned property sales, including Solaris in Austin, contributed to results.
2. Outlook and capital
Brandywine narrowed its 2026 Core FFO guidance to $0.54-$0.56 per diluted share and lowered its 2026 loss-per-share guidance to $0.64-$0.62 from $0.45-$0.41. It expects year-end core occupancy of 89%-90% and core leased levels of 90%-91% in 2026. During the quarter, the company reduced debt by $390 million, mainly through bond repurchases, and repurchased 4.7 million shares for $14.9 million.
