Brandywine Realty Trust Q2 net loss narrows, FFO declines

Brandywine Realty Trust

22/07/2026 21:30

    

    Overview
  
U.S. office REIT reported Q2 net loss narrowed yr/yr to $31.7 mln, or $0.18 per share
Q2 funds from operations fell to $23.6 mln from $26.1 mln a year earlier
Company raised asset sales target and plans to use proceeds to lower debt, repurchase shares

    

    Outlook
  
Brandywine Realty narrows 2026 FFO guidance to $0.53-$0.57 per diluted share
Company raises 2026 speculative revenue midpoint guidance by 5.7%
Asset sales target for 2026 increased to $305 mln

    

    Result Drivers
  
TENANT RETENTION AND LEASING - Co cited higher tenant renewals, more tenant expansions, and an 85% retention rate as supporting operational performance
ASSET SALES - Co completed $208 mln in property sales in Q2 and raised its asset sales target, with proceeds aimed at reducing debt and repurchasing shares
MODEST NOI GROWTH - Same store net operating income rose 0.5% on an accrual basis and 1.9% on a cash basis

    
Company press release: ID:nGNX6rmQ3n

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Loss Per Share
 
$0.18
 
Q2 Net Loss
 
$31.54 mln
 
Q2 FFO
 
$23.60 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 $3.00, about 4.8% below its July 21 closing price of $3.15

    

    Reuters Recommended Reads
  
July 20 - France's Argan H1 rental income rises 4%, raises 2026 target
July 21 - Sweden's Stendörren Q2 rental income rises 19%
July 20 - LXP Industrial Trust agrees to $5.2 billion deal by Brookfield, CPP Investments

    
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.)