From the Wires
Brandywine Realty Trust Announces Quarterly Dividends and Confirms Fourth Quarter 2012 Earnings Release and Conference Call
By: PR Newswire
Dec. 11, 2012 12:16 PM
RADNOR, Pa., Dec. 11, 2012 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that our Board of Trustees has declared a quarterly cash dividend of $0.15 per common share, payable on January 18, 2013 to holders of record on January 4, 2013. The Board of Trustees also declared a quarterly dividend of $0.43125 for each 6.90% Series E Cumulative Redeemable Preferred Share, payable on January 15, 2013 to holders of record on December 30, 2012. As previously announced, we will redeem all of our outstanding 7.375% Series D Cumulative Redeemable Preferred Shares on December 28, 2012 on which date each share will receive the $25.00 redemption price plus $0.36875 of accumulated and unpaid dividends.
As previously announced, we will release our fourth quarter earnings after the market close on Wednesday, February 6, 2013, and will hold our fourth quarter conference call on Thursday, February 7, 2013, at 9:00 a.m. EST. The conference call can be accessed by dialing 1-800-683-1525 and providing conference ID: 75720698. Beginning two hours after the conference call, a taped replay of the call can be accessed through Thursday, February 21, 2013, by calling 1-855-859-2056 and entering access code 75720698. The conference call can also be accessed via a webcast on our website at 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, leases and manages an urban, town center and suburban office portfolio comprising 295 properties and 34.0 million square feet, including 219 properties and 24.5 million square feet owned on a consolidated basis and 57 properties and 7.0 million square feet in 19 unconsolidated real estate ventures all as of September 30, 2012. For more information, please visit www.brandywinerealty.com.
Certain 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 the actual results, performance, achievements or transactions of the Company and its affiliates or industry results 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, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2011. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Brandywine Realty Trust
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