Brandywine Realty Trust has reported its financial results for the second quarter of 2025. The company experienced a net loss available to common shareholders amounting to $89.0 million, or $0.51 per diluted share. This includes non-cash impairment charges totaling $63.4 million, or $0.37 per diluted share, related to portfolio assets in Austin, Texas. The Funds from Operations (FFO) stood at $26.1 million, or $0.15 per diluted share. The core portfolio was reported to be 88.6% occupied and 91.1% leased, with new and renewal leases covering 234,000 square feet in their wholly-owned properties. Brandywine Realty Trust also highlighted progress on its 2025 business plan, having achieved over 98% of its speculative revenue target at the midpoint of its current guidance. For the future outlook, Brandywine Realty Trust has revised its FFO range to $0.60 to $0.66, resulting in a midpoint of $0.63, which remains above consensus estimates. The company plans to use proceeds from a recent bond issuance to repay a construction loan and reduce other secured debt balances. The average annual lease expiration rate through 2026 is expected to be only 5.1%, one of the lowest in the office sector, as tenant demand continues to improve.
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