PHILADELPHIA, PA — Brandywine Realty Trust (NYSE: BDN) announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on October 18, 2023, to holders of record on October 4, 2023. The quarterly dividend is equivalent to an annual rate of $0.60 per share.
“Our 2023 business plan remains on target with a continuation of strong leasing and operating metrics,” stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust. “However, current capital market conditions are such that further enhancing our already strong liquidity position makes sense. As such, we are adjusting our quarterly dividend rate to $0.15 per share that represents the minimum dividend payout level we expect to maintain for the foreseeable future.”
Conference Call and Audio Webcast
We will release our third quarter earnings after the market close on Tuesday October 24, 2023 and will hold our third quarter conference call on Wednesday October 25, 2023 at 9:00 a.m. Eastern Time. To access the conference call by phone, please visit this link here, and you will be provided with dial in details. A live webcast of the conference call will also be available on the Investor Relations page of our website at www.brandywinerealty.com.