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 April 19, 2011 to holders of record on April 5, 2011. The Board of Trustees also declared quarterly dividends of $0.46875 and $0.460938 for the 7.50% Series C Cumulative Redeemable Preferred Shares and 7.375% Series D Cumulative Redeemable Preferred Shares, respectively, each payable on April 15, 2011 to holders of record on March 30, 2011 of the Series C and Series D Preferred Shares.
As previously announced, the Company will release its first quarter earnings after the market close on Wednesday, April 27, 2011, and will hold its first quarter conference call on Thursday, April 28, 2011, at 9:00 a.m. EDT. The conference call can be accessed by dialing 1-800-683-1525 and providing conference ID: 49782331. Beginning two hours after the conference call, a taped replay of the call can be accessed through Thursday, May 12, 2011, by calling 1-800-642-1687 and entering access code 49782331. 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, develops, manages and has ownership interests in a primarily Class A, suburban and urban office portfolio comprising 314 properties and 36 million square feet, including 233 properties and 25.6 million square feet owned on a consolidated basis and 51 properties and 6.5 million square feet in 17 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. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
CONTACT: Kaitlin Bitting, Tierney Agency, +1-215-790-4382, email@example.com, or Company / Investor: Marge Boccuti, Manager, Investor Relations, +1-610-832-7702, firstname.lastname@example.org
Web Site: http://www.brandywinerealty.com
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Filed under: Real Estate