Press release from PR Newswire
Brandywine Realty Trust Announces Quarterly Dividends and Confirms Second Quarter 2012 Earnings Release and Conference Call
Thursday, May 31, 2012
RADNOR, Pa., May 31, 2012 /PRNewswire/ -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share, payable on July 19, 2012 to holders of record on July 5, 2012. The Board of Trustees also declared quarterly dividends of $0.460938 and $0.4504 for the 7.375% Series D Cumulative Redeemable Preferred Shares and the 6.90% Series E Cumulative Redeemable Preferred Shares, respectively, each payable on July 16, 2012 to holders of record on June 30, 2012 of the Series D and Series E Preferred Shares. The Series E Preferred dividend reflects four additional days in the current period over the normal quarterly period in which the accrued dividend would equal $0.43125 per share.
As previously announced, the Company will release its second quarter earnings after the market close on Wednesday, July 25, 2012, and will hold its second quarter conference call on Thursday, July 26, 2012, at 9:00 a.m. EDT. The conference call can be accessed by dialing 1-800-683-1525 and providing conference ID: 29831420. Beginning two hours after the conference call, a taped replay of the call can be accessed through Thursday, August 9, 2012, by calling 1-855-859-2056 and entering access code 29831420. 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 306 properties and 34.6 million square feet, including 231 properties and 25.1 million square feet owned on a consolidated basis and 53 properties and 6.5 million square feet in 18 unconsolidated real estate ventures. 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
For further information: Media / Investor, Marge Boccuti, Manager, Investor Relations, +1-610-832-7702, email@example.com