We are a self-administered and self-managed real estate investment trust ("REIT") engaged in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office and mixed-use properties. During the twelve months ended December 31, 2019, we owned and managed properties within five markets: (1) Philadelphia Central Business District (“Philadelphia CBD”), (2) Pennsylvania Suburbs, (3) Austin, Texas (4) Metropolitan Washington, D.C., and (5) Other. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Austin, Texas segment includes properties in the City of Austin, Texas. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia, Washington, D.C., and southern Maryland. The Other segment includes properties in Camden County in New Jersey and properties in New Castle County in Delaware. In addition to the five markets, our corporate group is responsible for cash and investment management, development of certain real estate properties during the construction period, and certain other general support functions. See Note 1, ''Organization of the Parent Company and the Operating Partnership," to our Consolidated Financial Statements for our property portfolio, management services and land holdings. Unless otherwise indicated, all references in this Form 10-K to “square feet” represent the net rentable area. The Parent Company was organized and commenced its operations in 1986 as a Maryland REIT. The Parent Company owns its assets and conducts its operations through the Operating Partnership and subsidiaries of the Operating Partnership. The Operating Partnership was formed in 1996 as a Delaware limited partnership. The Parent Company controls the Operating Partnership as its sole general partner. See Note 1, ''Organization of the Parent Company and the Operating Partnership," to our Consolidated Financial Statements for the Parent Company's ownership interest in the Operating Partnership. The ownership interests in the Operating Partnership not owned by the Company consist of common units of limited partnership issued to the holders in exchange for contributions of properties to the Operating Partnership. Our structure as an “UPREIT” is designed, in part, to permit persons contributing properties to us to defer some or all of the tax liability they might otherwise incur in a sale of properties. We have offices in Philadelphia, Pennsylvania; Radnor, Pennsylvania; McLean, Virginia; Washington, D.C.; Camden, New Jersey; Richmond,Virginia; and Austin, Texas.
Company profile
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BDN
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BRANDYWINE OPERATING PARTNERSHIP LP /PA
SEC CIK
Corporate docs
Subsidiaries
AAPOP 2, L.P. • BDN 250 King of Prussia I, LP • BDN 250 King of Prussia II, LP • BDN Four Points LP • BDN Four Points Land LP • BDN Four Points Preserve LP • BDNNOVA Momentum LP • BDN Quarry Lake II, LP • BDN Radnor Property I, LP • BDN Radnor Property II, LP ...
Latest filings (excl ownership)
8-K
Brandywine Realty Trust Announces Tender Offer for Any and All
15 Apr 24
8-K
Brandywine Realty Trust Announces Closing of $400 Million Offering of 8.875% Guaranteed Notes Due 2029
12 Apr 24
8-K
Brandywine Realty Trust Prices $400 Million of 8.875% Guaranteed Notes Due 2029
5 Apr 24
424B5
Prospectus supplement for primary offering
4 Apr 24
424B5
Prospectus supplement for primary offering
3 Apr 24
10-K
2023 FY
Annual report
22 Feb 24
8-K
Brandywine Realty Trust Announces Fourth Quarter, Full Year 2023 Results and Fourth Quarter Highlights
1 Feb 24
10-Q
2023 Q3
Quarterly report
26 Oct 23
8-K
Brandywine Realty Trust Announces Third Quarter Results
25 Oct 23
10-Q
2023 Q2
Quarterly report
27 Jul 23
Transcripts
Latest ownership filings
No filings
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 58.62 mm | 58.62 mm | 58.62 mm | 58.62 mm | 58.62 mm | 58.62 mm |
Cash burn (monthly) | (no burn) | (no burn) | 7.21 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 48.17 mm | n/a | n/a | n/a |
Cash remaining | n/a | n/a | 10.45 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | n/a | 1.4 | n/a | n/a | n/a |