Brandywine Q2 Loss Narrows, FFO Dips; Raises Asset Sale Target to $305M
BDN sits 28% above its 52-week low of $2.47.
Summary
Brandywine's Q2 net loss narrowed to $31.7M from a year ago, but FFO slipped to $23.6M from $26.1M. The company raised its 2026 asset sales target to $305M after completing $208M in Q2, with proceeds aimed at debt reduction and share buybacks. 2026 FFO guidance was narrowed to $0.53-$0.57, while speculative revenue midpoint guidance was lifted 5.7%. Same-store NOI inched up 0.5% on an accrual basis, and tenant retention hit 85%. This follows a Q1 that saw a widened loss and an FFO decline, and a recent $151M Austin office sale. The raised sales target and modest operational improvements provide some offset to ongoing office sector headwinds, but the stock trades near $3.16 with a median analyst target of $3.00 and a consensus 'sell' rating.
At the time of this announcement, BDN was trading at $3.16 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $533.3M. The 52-week trading range was $2.47 to $4.63. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.