Brandywine Realty Trust Announces Quarterly Dividends and Sets Third Quarter 2009 Earnings Release and Conference Call
September 16 2009 - 1:00PM
PR Newswire (US)
RADNOR, Pa., Sept. 16 /PRNewswire-FirstCall/ -- Brandywine Realty
Trust (NYSE:BDN) announced today that its Board of Trustees has
declared a quarterly cash dividend of $0.10 per common share,
payable on October 19, 2009 to holders of record on October 5,
2009. The Board of Trustees intends to match aggregate 2009 common
share dividends to 2009 taxable income and will evaluate the mix of
cash and common shares on an ongoing basis. The Board of Trustees
also declared quarterly dividends of $0.46875 and $0.460938 for the
7.50% Series C Cumulative Redeemable Preferred Shares and 7.375%
Series D Cumulative Redeemable Preferred Shares, respectively, each
payable on October 15, 2009 to holders of record on September 30,
2009 of the Series C and Series D Preferred Shares. The Company
will release its third quarter earnings after the market close on
Wednesday, October 28, 2009, and will hold its third quarter
conference call on Thursday, October 29, 2009, at 12:00 noon EDT.
The conference call can be accessed by dialing 1-800-683-1525 and
providing conference ID: 27619074. Beginning two hours after the
conference call, a taped replay of the call can be accessed through
Thursday, November 12, 2009, by calling 1-800-642-1687 and entering
access code 27619074. The conference call can also be accessed via
a web cast on our website at http://www.brandywinerealty.com/ About
Brandywine Realty Trust Brandywine Realty Trust is one of the
largest, publicly traded, full-service, integrated real estate
companies in the United States. Organized as a real estate
investment trust and operating in select markets, Brandywine owns,
develops and manages a primarily Class A, suburban and urban office
portfolio aggregating 37.8 million square feet, including 26.1
million square feet which it owns on a consolidated basis. For more
information, visit our website at http://www.brandywinerealty.com/.
Forward-Looking Statements Estimates of future earnings per share,
FFO per share, common share dividend distributions and certain
other statements in this release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
our and our affiliates' actual results, performance, achievements
or transactions to be materially different from any future results,
performance, achievements or transactions expressed or implied by
such forward-looking statements. Such risks, uncertainties and
other factors relate to, among others: our ability to lease vacant
space and to renew or relet space under expiring leases at expected
levels; competition with other real estate companies for tenants;
the potential loss or bankruptcy of major tenants; interest rate
levels; the availability of debt, equity or other financing; risks
of acquisitions, dispositions and developments, including the cost
of construction delays and cost overruns; unanticipated operating
and capital costs; our ability to obtain adequate insurance,
including coverage for terrorist acts; dependence upon certain
geographic markets; and general and local economic and real estate
conditions, including the extent and duration of adverse changes
that affect the industries in which our tenants operate. Additional
information on factors which could impact us and the
forward-looking statements contained herein are included in our
filings with the Securities and Exchange Commission, including our
Form 10-K for the year ended December 31, 2008. We assume no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events except as required by
law. DATASOURCE: Brandywine Realty Trust CONTACT: Investor-Press
Contact, Marge Boccuti, Manager, Investor Relations,
+1-610-832-7702, , or Company Contact, Howard M. Sipzner, EVP &
CFO, +1-610-832-4907, , both of Brandywine Realty Trust Web Site:
http://www.brandywinerealty.com/
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