KeyBanc initiated coverage of Brandywine Realty with an Overweight rating and $6 price target. The firm rates the stock at Overweight given: an attractive portfolio with potential upside in the Austin segment; below average lease expirations through 2025 compared to peers; an attractive development pipeline; and sufficient liquidity to manage near-term debt maturities through 2025.
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- Brandywine Realty initiated with an Overweight at KeyBanc
- Brandywine Realty Trust Announces Capital Transactions Totaling $103.3 million and signs First Commercial Lease at 3025 JFK Blvd in Schuylkill Yards
- Brandywine Realty price target raised to $6 from $5 at Evercore ISI
- Brandywine Realty cuts FY23 FFO view $1.12-$1.20 from $1.14-$1.18
- Brandywine Realty reports Q2 FFO 29c, consensus 28c