Brandywine Realty reduces quarterly cash dividend to 8c per share

Brandywine Realty (BDN) Trust announced that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share and OP Unit payable on October 23, 2025 to holders of record on October 9, 2025. The quarterly dividend is equivalent to an annual rate of $0.32 per common share and represents a reduction from the previous quarter’s annual rate of $0.60 per common share.”The repayment of our remaining secured loan will fully unencumber our consolidated operating portfolio,” stated Jerry Sweeney, President and CEO of Brandywine Realty Trust. “This prepayment, based on current assumptions, including in-place leases at the secured loan properties, is expected to increase our unencumbered annual cash flow by approximately $45M while also providing additional asset-level leasing flexibility. In addition, while our operating business plan objectives remain on target we also announced an adjustment to our quarterly dividend from $0.15 to $0.08. This dividend reduction is expected to enable us to retain approximately $50M of cash to be used for accretive investment activities, including investing in our operating portfolio, recapitalizing our existing development projects, and further improving overall liquidity. This revised dividend represents a level that we expect to maintain for the foreseeable future.”