PHILADELPHIA, PA — Brandywine Realty Trust (NYSE: BDN), a Real Estate Investment Trust (REIT), announced this week that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit. The dividend will be payable on January 18, 2024, to holders of record on January 4, 2024.
The declared quarterly dividend translates to an annual rate of $0.60 per share. This is in line with the REIT’s historical dividend policy and represents a yield of approximately 12.71%, based on the current stock price.
Brandywine Realty Trust, which specializes in owning, leasing, and managing urban, town center, and transit-oriented office properties, continues to provide consistent returns to its shareholders through its dividend payouts. These dividends are a vital part of the total returns that shareholders can expect from investing in REITs like Brandywine.
Alongside the dividend announcement, Brandywine also confirmed the date for the release of its fourth quarter earnings. The company will publish its financial results after the market close on Wednesday, January 31, 2024. Subsequently, it will hold a conference call on Thursday, February 1, 2024, at 9:00 a.m. Eastern Time to discuss the results and provide an update on its operations.
Investors can access the conference call by phone, while a live webcast will also be available on the Investor Relations page of Brandywine’s website. The call will provide investors with insights into the company’s performance during the quarter and its plans for the future.
With the dividend declaration and upcoming earnings call, and as one of the leading REITs in the market, Brandywine continues to focus on delivering shareholder value through a combination of steady dividends and potential capital appreciation.
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