Brandywine Realty Trust Q1 net loss widens, cuts 2026 FFO forecast

Brandywine Realty Trust

22/04/2026 21:30

Overview

U.S. office property REIT reported Q1 net loss widened yr/yr, impacted by impairment charges

Q1 FFO fell to $20 mln, or $0.11 per share, from $24.7 mln, or $0.14 per share

Outlook

Brandywine Realty Trust narrows 2026 FFO guidance to $0.52-$0.58 per diluted share

Company revises 2026 loss per share guidance to $(0.76)-$(0.70) from $(0.66)-$(0.58)

Brandywine Realty Trust expects 2026 property sales activity of $280 mln-$300 mln

Result Drivers

LEASING ACTIVITY - Co said Q1 leasing totaled 268,000 sq ft in wholly owned portfolio, the highest since Q4 2024

IMPAIRMENT CHARGES - Q1 results included $11.9 mln in non-cash impairment charges within wholly owned portfolio

MODEST NOI GROWTH - Same store net operating income rose 0.8% on an accrual basis and 3.3% on a cash basis

Company press release: ID:nGNXbb07mk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.28
Q1 Net Income
-$48.80 mln
Q1 FFO
$20 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Brandywine Realty Trust is $3.50, about 19% above its April 21 closing price of $2.94

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)