Bjoern Wylezich Co-authored by Rida Morwa. Investors love to parrot the phrase "Buy low, sell high," yet so many fail to do it. Step one of "buying low" usually means buying something that isn't popular. You aren't going to find me arguing that the market is efficient; however, the reality is that stocks that are trading at a low valuation are usually trading low for a reason. Often, the best returns in the market come from buying distressed sectors. Investors willing to "stick their hand in the fire" can o ...

PHILADELPHIA, May 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share and OP Unit payable on July 18, 2024 to holders of record on July 3, 2024. The quarterly dividend is equivalent to an annual rate of $0.60 per share. Conference Call and Audio Webcast We will release our second quarter earnings after the market close on Tuesday, July 23, 2024 and will hold our second quarter conference c ...

We will release our second quarter earnings after the market close on Tuesday, July 23, 2024 and will hold our second quarter conference call on Wednesday, July 24, 2024 at 9:00 a.m. Eastern Time. To access the conference call by phone, please visit this link here, and you will be provided with dial in details. A live webcast of the conference call will also be available on the Investor Relations page of our website at www.brandywinerealty.com. PHILADELPHIA, May 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realt ...

I'm kidding. This isn't a sale. Just enjoy the article. maiteali/E+ via Getty Images This article will briefly cover several real estate investment trusts, or REITs, with huge discounts to consensus NAV. I'm weeding out REITs where the market cap is already tiny (under $100 million). Price-to-consensus NAV ranges 0.27x to 0.59x for this list. However, I'm not requiring the NAV estimates to be reliable. It just has to be a consensus NAV estimate. In this case, one estimate can also be a consensus. Why? Becau ...

U.S. realty trust giant Brandywine Realty Trust has confirmed a cyberattack that resulted in the theft of data from its network.In a filing with regulators on Tuesday, the Philadelphia-based Brandywine described the cybersecurity incident as unauthorized access and the “deployment of encryption” on its internal corporate IT systems, consistent with a ransomware attack.Brandywine said the cyberattack caused disruption to the company’s business applications that support its operations and corporate functions, ...

Briana Ingram/E+ via Getty Images Brandywine Realty Trust (NYSE:BDN) is currently trading for 4.7x times its annualized fiscal 2024 first quarter funds from operations, close to its lowest ever multiple as office REITs continue to be pressured by rising office vacancy rates and a Fed funds rate set to stay at its 22-year high for longer. The national office vacancy rate stood at 18.2% at the end of March, up 120 basis points year-over-year. BDN's core portfolio at the end of the first quarter was 87.7% occu ...

公司经营活动 - 公司在2024年第一季度拥有和管理四个部分的房产，通过房产租赁和第三方房产管理和开发以及对未合并房地产企业的投资来产生现金和收入[126][127] - 公司在2024年第一季度的核心房产出租活动表现良好，新租约和扩张面积增加，租金率也有所提高[131] - 公司在经营、融资和投资活动中寻求增加收入的同时，也努力减少运营风险，包括租户更换风险、租户信用风险和开发风险[132] - 公司通过出售房地产、物业级融资、无抵押和有抵押信贷额度、高级无抵押票据和建设贷款来资助其投资活动[173] 公司风险管理 - 公司面临的风险包括租户租约到期未续租、租户信用风险和开发项目风险[133] - 公司在进行开发项目时面临多种风险，包括施工延误、施工成本超支、融资难以获得等[136] 财务状况 - 公司于2024年3月31日的无抵押债务义务总额为19.256亿美元[165] - 公司计划通过现金余额和未担保信贷额度资助任何额外的股票回购[166] - 公司的主要现金流来源来自于其房地产的运营[172] - 公司的固定利率和浮动利率债务占总债务的比例分别为94.2%和5.8%[174] - 公司计算FFO时将净收入调整为包括房地产相关的折旧和摊销等因素，以帮助投资者比较公司的运营绩效[182] - 公司认为FFO应与其报告的净收入相比，并结合GAAP中的现金流量进行考虑[185] - 公司截至2024年3月31日的债务包括固定利率债务和浮动利率债务，总额为2,000.6百万美元[189] - 若市场利率上升100个基点，公司未偿还的固定利率债务的公允价值将增加约7.9百万美元，若下降100个基点，则减少约8.2百万美元[190] - 公司截至2024年3月31日的未担保票据的公允价值为1,396.5百万美元[190] - 以100个基点的折现率变化为敏感度，公司债务的总公允价值在2024年3月31日将变化约14.0百万美元[191] - 公司截至2024年3月31日的浮动利率债务的总未偿还本金余额约为454.5百万美元，总公允价值约为412.4百万美元[192] - 若市场利率上升100个基点，公司浮动利率债务的公允价值将减少约13.2百万美元，若下降100个基点，则增加约13.9百万美元[192] - 公司仅考虑了假设利率对财务工具的影响，未考虑可能采取的具体措施来减轻市场利率上升可能带来的影响[193]

PHILADELPHIA, April 23, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the "Company") (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, LP (the "Operating Partnership"), intends to redeem all of the outstanding 4.10% Guaranteed Notes due October 1, 2024 (the "Notes") issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes. The expected redemption date will be June 7, 2024 (the "Redemption Date"). The ...

PHILADELPHIA, April 22, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the "Company") (NYSE:BDN) announced today the expiration of the previously announced cash tender offer (the "Tender Offer") by its operating partnership, Brandywine Operating Partnership, LP (the "Operating Partnership"), for any and all of its outstanding 4.10% Guaranteed Notes due October 1, 2024 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on Friday, April 19, 2024 (the "Expiration Date"). As of the exp ...

公司运营合作伙伴Brandywine Operating Partnership, L.P.的现金要约收购 - 公司宣布其运营合作伙伴Brandywine Operating Partnership, L.P.已公布之前宣布的现金要约收购（"Tender Offer"）的定价条款[1] - 每$1,000面值的债券的购买价格是根据Offer to Purchase中描述的方式确定的[2] - 要约收购将于2024年4月19日纽约时间下午5:00到期，持有人必须在到期日之前有效要约才有资格获得购买价格[3]