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Brandywine Realty Trust posted a third-quarter net loss of USD 26.2 million with EPS of negative USD 0.15 and FFO of USD 28 million, or USD 0.16 per share. The company lowered its 2025 FFO guidance to USD 0.51-0.53 per share and adjusted its expected loss to negative USD 1.05-1.03 per share. Key factors include progress on speculative revenue, low forward lease expirations, and strong liquidity with USD 75 million in cash. Analysts maintain a cautious "hold" rating, while the 12-month price target suggests potential upside of around 26%.
Brandywine Realty Trust reported a net loss of USD 26.2 million in the third quarter, with earnings per share of negative USD 0.15. The company's funds from operations (FFO) for the quarter stood at USD 28 million, or USD 0.16 per share. Following these results, Brandywine revised its full-year 2025 FFO guidance to a range of USD 0.51-0.53 per share and adjusted its expected loss per share to between negative USD 1.05 and negative USD 1.03. Advertisement
The trust anticipates year-end core occupancy to reach 88-89%. It achieved the midpoint of its speculative revenue target, showing steady progress in line with its business plan. The forward lease expiration schedule remains low, with only 4.9% of revenues set to expire through 2026, supporting stability in rental income. Brandywine maintains a strong liquidity position, with no outstanding balance on its USD 600 million unsecured line of credit and USD 75 million in cash on hand, allowing flexibility for operations and potential investments.
For the third quarter, Brandywine's EPS of negative USD 0.15 and net loss of USD 26.2 million closely matched market expectations. FFO per share came in at USD 0.16, reflecting the company's underlying operational performance. Analyst coverage remains cautious, with the average rating on the shares being "hold," including one "buy" or "strong buy," four 'hold," and one "sell' or "strong sell." By comparison, the commercial REIT peer group carries an average 'buy" recommendation. Wall Street's median 12-month price target for Brandywine Realty Trust is USD 5.00, indicating a potential upside of approximately 26% from its recent closing price of USD 3.68.
Source Reuters
5th Jun, 2025
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